Theoretical Perspective On White Collar & Economic Crimes
- IJLLR Journal
- Sep 8
- 1 min read
Noor Sarpal, Vivekananda Institute of Professional Studies
“The financial cost of white-collar crime is several times as great as the financial cost of all the crimes which are customarily regarded as the crime problem.”
- Edwin H. Sutherland
ABSTRACT
White-collar crime and economic crime have long presented complex challenges for legal systems and societies. These offences stem from Edwin Sutherland’s classic definition, which describes crimes committed by individuals of high social status during their work. They range from corporate fraud to financial manipulation and cause more economic harm than typical street crimes. This study addresses the problem of underestimating the scale and impact of these crimes, despite their broad consequences.
The objectives are to examine the theoretical bases of white-collar and economic crimes, look at corporate fraud as a case study, and evaluate their social and legal effects. The methodology used is doctrinal research, along with a comparative analysis of statutes, case law, and academic literature. Key findings show that these crimes weaken trust in institutions, distort markets, and often avoid strict punishment. The conclusion highlights the need for stronger regulatory frameworks and enforcement measures.
Keywords: White-Collar Crime, Economic Crime, Sutherland, Corporate Fraud
