White-collar crime is defined as illegal acts committed while working in a government or professional capacity.
Insider trading, identity theft, embezzlement and financial fraud by bankers are examples of white-collar crimes.
A crime, as fraud, embezzlement, etc., committed by a person in business, government, or a profession in the course of occupational activities.
A phrase denoting a variety of nonviolent crimes and commercial offenses committed by business people, public officials, and con artists. Consumer fraud, bribery, stock manipulation, and embezzlement are among the improprieties in this category.
Origin of white-collar-crime
- From the color of dress shirts worn by professional and clerical workers, as opposed to the rugged denim and chambray shirts normally worn by manual workers.