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White Collar Crimes: What You Need to Know

White-collar crimes are a type of crime that is usually financially motivated. The perpetrator has power and influence over people, and they use their position in society to commit the act. In other words, white-collar criminals are typically people who have money or power, and this can be financial (such as theft or fraud) or political (such as bribery or corruption).

Both individuals and organizations can commit white-collar crimes, for example, an employee might steal company secrets for personal gain while working at a government office, an investor could bribe politicians to get his way with legislation, an employee who embezzles funds from his employer will likely face the consequences if caught red-handed committing such an act.

In this article, centralchamberslaw.com will talk about the different types of collar crimes and what you may need to know about them.

Money Laundering 

Money laundering is the process of disguising the source of money obtained illegally. It involves converting ill-gotten gains into a form that appears to have come from legitimate sources and making it appear as if those funds are legitimate income.

Money laundering is a crime, which means you can be charged with it by federal law enforcement agencies if you commit an offense in this area. The term “money” refers to cash and other currency (e.g., checks). If someone tries to use your identity or access your bank account without permission, they may make illegal transactions using your name and information, this could constitute money laundering even if they were trying to buy things online with stolen credit cards.

It’s important not only because it protects consumer privacy but also because disrupting these operations helps keep our economy running smoothly, and keeps us safe from criminals who want nothing more than chaos so they can line their pockets while everyone else suffers.

Securities and Commodities Fraud

This type of white-collar crime involves the improper marketing, sale, or purchase of securities or commodities. Securities fraud can take place in multiple ways:

  • Fraudulent investment advice to investors who need to be more sophisticated to understand their investments.
  • Manipulating prices through false statements about supply and demand, such as “this stock is going down, so buy now.” This type of manipulation is illegal under securities law because it deceives investors into believing that someone else’s financial interest is more important than theirs.

The consequences for committing this type of fraud vary depending on how much money was stolen (if any) but typically include prison time and fines ranging from tens of thousands to hundreds of millions each year. It’s important to note that there are different types within this category, some people may only be charged with conspiracy, while others might face additional criminal charges based on whether they acted alone or worked together with others.

Mortgage and Financial Institution Fraud

Mortgage and financial institution fraud is a more serious form of white-collar crime since it involves the illegal use of people’s bank accounts or credit cards.

An example of this fraud can be Fraudulent mortgage loans: If you’re thinking about buying a house but don’t have the money to do so, you should know that there are many scams out there that target people who need homes but can’t afford them. These scams trick you into believing you’ll get rich quickly by purchasing real estate at low prices (and then reselling it for profit). 

The problem with these schemes is that they often involve mortgages that don’t exist, they’re just made up on paper by con artists who claim they’ll give borrowers money back if they pay upfront fees upfront before closing on their homes. 

It’s important for homeowners looking into this kind of thing not only because it could cost them dearly if caught doing something illegal, but also because these kinds of crimes might lead those involved toward other types, such as identity theft or tax evasion, later down the line when things go south.

Intellectual Property Theft

Intellectual property theft is illegally copying or using someone else’s intellectual property. There are different kinds of intellectual property thefts.

  1. Trade secret theft occurs when someone uses a trade secret without permission or knowledge. This can happen through the unauthorized disclosure of information to another party or by using the information in an unauthorized manner. In some cases, companies will work with employees to ensure they don’t disclose information they shouldn’t be sharing with others.
  1. Copyright infringement occurs when someone uses a copyrighted work without authorization, this includes music, films and photos, books (even if it’s just for personal use), and other forms of media. Companies often have agreements with authors and publishers that give them control over how their works can be used, if someone violates these agreements, it could be considered copyright infringement.
  1. Trademark infringement occurs when someone uses a trademarked name or logo without authorization from its owner, this could mean using your company name in connection with something you don’t own the rights to (such as selling products under another company’s name), or using someone else’s logo

Intellectual property theft is an extremely serious crime and can have serious consequences for the offender, their employer, and the victim. 

The UK’s penalty for intellectual property theft can be up to 5 years in prison, an unlimited fine, or both.


While we’ve discussed these terms and what they mean here today, we encourage you to explore more about them by exploring our website.

And even then, if you have more questions, feel free to contact us at centralchamberslaw.com and set a free appointment and meet our lawyers to help you out in case you find yourself in any situation like this.

We hope this article has been helpful for those who haven’t heard of these types of offenses before. Still, even if it hasn’t been enough, hopefully, it gives some insight into how white-collar crime affects our society today and how serious it can be.