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white collar crime |
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white collar crime n. a generic term for crimes involving commercial fraud, cheating consumers, swindles, insider trading on the stock market, embezzlement and other forms of dishonest business schemes. The term comes from the out of date assumption that business executives wear white shirts and ties. It also theoretically distinguishes these crimes and criminals from physical crimes, supposedly likely to be committed by "blue collar" workers. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Source: The National White Collar Crime Center and the FBI, www. Attorney in criminal fraud and special prosecutions, Handzlik is also chairman of the American Bar Association's White Collar Crime Committee, which consists of 700 to 800 prosecutors and defense attorneys of white-collar crime. But the director of the National White Collar Crime Center asserts that agencies across the country might have very serious problems without realizing it. |
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