White-collar crime is a broad term that refers to any criminal act perpetrated by commercial and government employees in the course of their jobs. White-collar crime encompasses a wide range of misdeeds, from antitrust infractions to environmental violations to health-care fraud. Individuals, communities, and society all suffer huge financial, physical, and social consequences as a result of these sorts of crime. They represent a difficulty for law enforcement and regulatory bodies who control them because of the unique qualities and strategies they employ. White-collar crime appears to be ubiquitous, pervasive, and on the rise, according to the evidence.
In the 1930s, American sociologist Edwin H. Sutherland coined the term “white-collar crime.” Sutherland said that respectable upper-class people engaged in a large number of detrimental illegal activities in their employment. According to Sutherland, the government and the general public ignored upper-class crimes committed by business and government because the culprits did not match the stereotype of a criminal. He worked to shed light on a topic that lacked regulation and control.
White-collar crime can have devastating financial, physical, and social consequences. It’s impossible to calculate the exact amount of money lost to white-collar crime, but it’s evident that it far outnumbers the losses caused by conventional street crime. Traditional property crimes such as larceny, burglary, auto theft, and robbery, for example, accounted for an estimated $17.6 billion in losses in 2006, according to the Federal Bureau of Investigation (FBI, 2007), compared to the FBI’s estimated yearly losses of $300 billion in white-collar crimes.
White-collar crime exists across a wide range of sectors, occupations, and professions. As a result, it comes in a wide range of shapes and styles. White-collar crimes, on the other hand, have some characteristics and are committed in comparable ways. White-collar crime differs from most forms of traditional street crime because of these qualities and approaches.
Aishwarya Says:
I have always been against Glorifying Over Work and therefore, in the year 2021, I have decided to launch this campaign “Balancing Life”and talk about this wrong practice, that we have been following since last few years. I will be talking to and interviewing around 1 lakh people in the coming 2021 and publish their interview regarding their opinion on glamourising Over Work.
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We also have a Facebook Group Restarter Moms for Mothers or Women who would like to rejoin their careers post a career break or women who are enterpreneurs.
We are also running a series Inspirational Women from January 2021 to March 31,2021, featuring around 1000 stories about Indian Women, who changed the world. #choosetochallenge