What do people understand when we say "white collar crime"?
White Collar crimes are non- violent type of crime. It is usually motivated by financial gain. There are various types of it like fraud,embezzlement and money laundering are all examples of White collar crimes.
By white crime collar, people mean crime that is committed in a professional setting. This might include fraud and embezzlement.
Some stats are useful. These are for the UK and point out the estimated cost:
"The most recent white-collar crime uk statistics show that the UK is losing around £190 billion to fraud per year. This includes:
£140 billion for the private sector
£40 billion for the public sector
£10 billion for individuals"