Whether you realize it or not, you probably know of some white collar criminals. Many of them are celebrities or high-profile political figures. Think Martha Stewart, Lori Laughlin, Charles Ponzi (the namesake of the well-known "Ponzi scheme") and Bernie Madoff, just to name a few. As evidenced by these cases, white collar crime is almost always financially motivated, and manifests by way of deceit, bribery, and manipulation. In this post, we identify four of the most prominent examples of this type of criminal activity.
Embezzlement is a crime in which a person is entrusted with money or property and then fails to give it back, or uses it for unauthorized purposes. It comes up most commonly in the employment setting, when an employee entrusted with funds secretly keeps some of the money.