In order to gain better knowledge of white collar crime, we must look at its history. Corporate crime defence lawyers are the specialists that have the most understanding of this area of law, should you need advice. White collar crime first came into use in the 30s to define corporate criminals that had differing objectives to typical street criminal offenders.

Two common sorts of white collar crime are paying cash to get out of taxes and lying about an insurance claim, or exaggerating one. Criminal cases of this type often attract media attention, especially if the accused is a public figure, or a high powered executive. It seems fairly commonplace to read about an exec having been accused of swindling money from a large company these days. Corporate crime defence lawyers london display particular expertise in this area and so are the specialists to seek advice from.

There are a few ways that courts will define a white collar crime and these are:

A crime that might not involve force against a person or personal property.

A crime that doesn’t include possession or sale of narcotics.

Crimes that do not directly relate to organised activities.

Crimes that don’t necessarily relate to national policies for example immigration.

Crimes that don’t directly involve vice or theft.

Many corporations have plenty of motives to target white collar crimes, most importantly of all the fact that monetary losses can be gargantuan. White collar crimes can be tricky to detect, especially since they are not committed in plain view for the most part.

We will now look at some of the most common types of white collar crime:

Insider trading – This means buying or selling a company’s stock while knowing information that is not made public.

Securities fraud – Happens when an employee misrepresents a company’s performance for their own personal gain.

Antitrust violations – This covers practices like price fixing to monopolise others out of the market at a disadvantage to the consumer.

Bribery – This is a well-known type of crime and involves giving or receiving gifts to influence the behaviours of someone else.

Embezzlement – When an employee trusted with accounts and money funnels away cash for personal use.

Tax evasion is another very well known type of corporate crime and can be carried out a number of ways.

These and other types of white collar crimes are well documented by the press because they often have a negative impact on the general public.