White Collar Crimes: An Analysis

Jivesh Arora, IMS Law College, Noida

ABSTRACT

A significant social problem with many effects is crime. Every year, it costs a society a lot of money. Millions of dollars must be spent annually by nations to sustain their criminal justice systems (courts, police, jails, healthcare facilities, insurance companies, etc.). Victims of crimes also face personal costs. The phrase "white collar crime" refers to non-violent crimes committed by people or groups for financial benefit. These crimes frequently involve deceit, fraud, or corruption and are committed by people in positions of trust or power. White-collar crime can have a disastrous effect, leading to financial losses and a decline in public confidence. This summary gives a general overview of white-collar crime, covering its numerous manifestations, causes, and societal and legal repercussions.

This abstract also examines some of the difficulties in prosecuting white- collar crime, as well as how technology might aid in the facilitation and avertance of such crimes. In order to prevent white collar crime and safeguard the public from its negative impacts, the abstract emphasises the need for constant vigilance and regulatory monitoring.

Additionally, everyone has a unique perception of crime based on well- known murder cases and perpetrators as well as personal experiences. What motivates criminals to commit crimes is the obvious question that arises in this situation. This research paper will explain and analyse white-collar crime through the prism of criminology. We'll look at white-collar crime's causes, effects, and prevention tactics.

Keywords: Crime, White Collar, Money, People, Committed, Government