White-collar crime is a financially lucrative non-violent crime. In another simple word, it is a non-violent crime committed for financial gain. The motivation for these crimes is to obtain or avoid losing money, property or services, or secure a personal or business advantage. The term "white-collar crime" was first coined by Edwin.H.Sutherland in the year 1949 he is also considered the father of white-collar crimes. He studied and spent most of his time in developing theories about criminal behavior. To investigate White-collar crime, he researched and considered the conduct of 70 + significant corporations of America and about 15 utility companies. White-collar crime includes a misrepresentation of a corporation's finances to deceive regulators and others.

Top 5 White collar crimes include:-

1. Bribery-This happens when someone accepts or in case offers something in exchange to change the other person's behavior.

2. Money Laundering- This happens mostly in business when someone disguises the real source of money acquired through illegal activities.

3. Fraud- It can be instituted by a person who intends to deceive others by not justifying claiming accomplishments or qualities that do not exist.

4. Embezzlement-This happens when someone intentionally appropriates money or other assets for some purpose, which is not intended.

5 Insider Trading-This happens when an individual buys or sells a stock or other securities to have information that has not yet been made public.

In recent decades since the range of white-collar crimes has vastly expanded as new technology and new financial products and arrangements have inspired a host of new offenses. High profile individuals convicted of white-collar crimes in recent decades include Bernard Ebbers, Ivan Boesky, Michael Milken, and Bernie Madoff. And rampant new white-collar crimes facilitated by the internet consists of so-called Nigerian scams, in which fraudulent e-mails request help in sending a substantial amount of money.

Adding to it moreover, advances in trade and technology have broadened the spectrum of white-collar crime to involve cybercrime this is the crime committed through e-platforms, health-care fraud, and intellectual property abuses, in addition to more traditional crimes like embezzlement, bribery, corruption, obstruction of justice, perjury, money laundering, antitrust breaches, tax offenses, and regulatory violations.

KEY TAKEAWAYS:

1) White-collar crime is non-violent wrongdoing that financially enriches its perpetrators.

2) This crime includes misrepresentation, fraud and Insider trading, etc.

3) A host of other offenses involve fraudulent investment opportunities in which potential returns are exaggerated, and risks are portrayed as minimal or non-existent.

4) White-collar crime is very much diverse; most of them have many characteristics in common. The first is that they involve concealment and deceit, rather than the application of force or violence, for the illegitimate gain of money, service, or property. "A" a defendant convicted of making false statements to obtain a government contract, for example, is considered a white-collar criminal.

5) The type of crime committed is a function of what the prospective offender can get. Thus, people employed in comparatively unqualified environments have fewer resources to leverage than those operating in conditions where significant financial transfers are taking place. It is also estimated that a very great deal of white-collar crimes around the world remains undetected or, in any case, get detected; it is not reported.