Were one to ask people in Mount Plesant to define "white collar crime," the responses would likely be reflections of the sophisticated hijinks they see portrayed in movies or on TV. This comes from the various interpretations of the term. According to the U.S. Department of Justice, the term was first used in 1939 by sociologist Edwin H. Sutherland. He described it as "a crime committed by a person of respectability and high social status in the course of his occupation." From this definition comes two assumptions: that all white collar criminals greedy, already well-off vagabonds, and that their criminal activities are only directed at large businesses and organizations.
Popular media often portrays white collar crime as being the sophisticated (almost glamorous) actions of intellectual masterminds aimed as stealing millions from large corporations. In actuality, however, white collar crime can involve activities that most would classify as mundane. In fact, many come to us here at the Stirling & O'Connell law office completely shocked that others viewed their actions as being fraudulent. If you find yourself in the same situation, then you no doubt will want to know whether a financial loss or injury is all that is needed as proof of fraudulent activity.
Of all the threats that face your business, employee theft is one of the most challenging to contend with. Often referred to as embezzlement, internal theft may go on for years and have a lasting financial impact on a small business and its owner. To ensure you can protect your enterprise from unscrupulous employees, The Balance offers the following information.