There is a wide range of white collar crime and it can include fraud, embezzlement, bribery. Ponzi schemes and money laundering. In 1939, Edward Sutherland first used the term white collar crime “a crime committed by a person of respectability and high social status in the course of his occupation”. White Collar crime can be traced back to the 15th Century and has been growing more prevalent since. White Collar Crime can be explained by the criminological theories of general strain theory and institutional anomie theory. Going further, money laundering, a type of white collar crime, has been explain by rational choice theory. Case studies show that money laundering has been used by terrorist and crime organizations and thus can be explained by rational choice theory
There is a wide range of white collar crime and it can include fraud, embezzlement, bribery. Ponzi schemes and money laundering. In 1939, Edward Sutherland first used the term white collar crime “a crime committed by a person of respectability and high social status in the course of his occupation”. White Collar crime can be traced back to the 15th Century and has been growing more prevalent since. White Collar Crime can be explained by the criminological theories of general strain theory and institutional anomie theory. Going further, money laundering, a type of white collar crime, has been explain by rational choice theory. Case studies show that money laundering has been used by terrorist and crime organizations and thus can be explained by rational choice theory