White--collar Crime

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A variety of illegal acts committed by peoplein the course of their employment, for personal gain, are known as white-collar crime. Theft, embezzlement and trading securities on the basis of insider infomation are common forms. The majority of cases involve low-level workers who steal because they are under temporary financial stress. Many plan to return the money as soon as possible but may never do so . Their crimes are usually never discovered because the amounts of money are small, no one notice the loss. However, there are some large scale white--collar crime, such as multimillion-dollar stock market or banking scams which take long time to discover. White--collar crime is not confined to business. Government employment also provides opportunities to line one's pockets. Although white-collar crime is less violent than street crime, it involves far more money and hrm to the public than crimes committed by street criminals. Very likely tht there are more criminals in offices than in the streets ! As the economy shifts from manufacturing to services and electronic commerce, chances for such crime will double or triple.