Government Fight against White Collar Crime Define white collar crime, give examples, and explain how the government fights to control it.
White-collar crime is a nonviolent crime committed for financial gain. Securities fraud, embezzlement, corporate fraud and money laundering are examples of white-collar crime, and these acts are usually investigated by the FBI, the Securities and Exchange Commission (SEC) and the National Association of Securities Dealers (NASD). Some high-profile individuals convicted of white-collar crimes include Kenneth Lay, Bernard Madoff and Bernard Ebbers. White-collar crime gets its name from the types of individuals who typically commit financial fraud, including business managers, fund managers and executives.
