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 EXECUTIVE STRATEGIC DEFENSE SERVICE
The phrase "white collar crime" was coined in 1939 during a speech given by Edwin Sutherland to the American Sociological Society. Sutherland defined the term as "crime committed by a person of respectability and high social status in the course of his occupation." Although there has been some debate as to what qualifies as a white color crime, the term today generally encompasses a variety of nonviolent crimes usually committed in commercial situations for financial gain. Many white collar crimes are especially difficulty to prosecute because the perpetrators are sophisticated criminals who have attempted to conceal their activities through a series of complex transactions. The most common white collar offenses include: Antitrust Violations: Price fixing, monopolies and other infractions of the Sherman Act and the Clayton Act. Securities Fraud: Includes insider trading and theft through market manipulation. Insider Trading: Insider trading occurs when someone makes an investment decision based on information that is not available to the general public. It requires a breach of a "fiduciary duty" to the company or results in personal gain based on non-public information. (return to Services page) |