- White-collar crimes are generally non-violent crimes committed for financial gain.
- White-collar crimes often employ complicated tactics that either obscure operations entirely or make them appear legal.
- The FBI estimates that white-collar crimes cost its victims $300 billion each year.
A low-ball estimate of the impact of white-collar crime on its victims places damages at $300 billion annually, compared to the $16 billion that street crime costs. With technological advancements in the finance world, such as decentralized finance (DeFi) and the adoption of cryptocurrency, fighting white-collar crime becomes increasingly difficult.
What is white-collar crime?
White-collar crime describes crimes that relate to money. White-collar crimes are…
