Every now and then white collar crime becomes a national spectacle. When a corporation or high-profile individual commits white collar crime, you may seem them on the forefront of the news. White collar crime is crime committed by individuals as a part of their job. White collar crime includes embezzlement, fraud, cybercrime, money laundering and more.
This type of criminal behavior normally involves high-ranking individuals and is nonviolent. It can still uproot a person’s career and life. Forbes explains the thoughts behind some individuals to take part in white collar crime.
White Collar Crime Is Victimless
The perception that white collar crime is victimless is what gets a lot of businesspeople in trouble. You may not personally witness those who end up cheated out of money. As you put deals together, you may simply believe you are doing your job.
White Collar Crime Is Common
Ethics aside, you may think that everyone commits fraud, insider trading or bribery at some point in their career. If everyone is doing it, does it matter if you do it too? You may see these as slightly unethical practices that matter very little in the grand scheme of things. Besides, if it were a one-time thing, would it matter? The answer is that it does matter and that it is not only unethical but illegal.
White Collar Crime Achieves Goals
In the business world, it is not uncommon for the goals to be above what it takes to reach those goals. You may be too focused on achieving your company’s goals through any means necessary.