White collar crimes

What are White collar crimes?

White collar crimes are crimes committed by generally people of high respectability and high social status in the course of their occupation. But now a days it can be seen that many white collar criminals are not of high social status and many are not respected people. It can also be defined as "an illegal act or series of illegal acts committed by non physical means and by concealment or guile, to obtain money or property or to obtain business or personal advantage". The characteristics of white collar crime are