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Yes I think you could look at it that way, a robbery-holdup is seen as a blue collar crime, whereas embezzlement, or insider trading of stock account funds is seen as a white collar crime.
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∙ 12y ago
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Is embezzlement a white collar crime?
Yes, embezzlement is considered a white-collar crime. White-collar crime is a term used to describe nonviolent crimes committed by individuals or organizations, typically motivated by financial gain. These crimes often involve deception, manipulation, and abuse of trust, and are typically committed by professionals or individuals in positions of power or authority. Embezzlement is a type of white-collar crime that involves the fraudulent appropriation of property by an individual in a position of trust or responsibility. This can include employees misappropriating funds from their employers, managers stealing from their companies, or financial advisors stealing from their clients. Embezzlement typically involves a breach of trust, as the perpetrator has access to the funds or property that they are stealing. This makes it a particularly insidious form of white-collar crime, as the victim often does not realize that they are being defrauded until it is too late. White-collar crimes like embezzlement can have serious consequences for the victim, including financial loss, damage to their reputation, and emotional trauma. In addition, these crimes can have far-reaching effects on society as a whole, as they undermine the trust that individuals and organizations have in each other. To combat white-collar crime, law enforcement agencies and regulatory bodies have implemented a range of measures, including increased scrutiny of financial transactions, stricter regulations on the handling of financial information, and tougher penalties for those found guilty of embezzlement and other white-collar crimes.
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