Day: May 23, 2021

Different types of business crimes are committed every year. Sometimes the perpetuators are discovered and prosecuted. However, some of the crimes can go undetected for years. When a person is charged for a white-collar crime, he will face a variety of state and federal charges that will classify the crime as a serious felony. The common elements of white-collar crimes are deceit, concealment and violation of trust. Most of the crimes are committed by business professionals who are motivated by the desire for financial gain. It generally involves fraud without any threat of violence; however, they can destroy companies and the financial stability of clients, employees and communities. Types of white-collar crimes Ponzi scheme is a form of high-profile business crime that promises ...