White-collar crime refers to several types of fraud that are committed by business professionals. These crimes are not violent; instead, perpetrators rely upon deceit and concealment to divert funds and other assets for their personal gain, or to avoid the loss of assets. Examples of white-collar crimes are as follows:
Embezzlement. Involves the theft of assets that have been entrusted to a person.
Forgery. The creation of a fake legal document or the alteration of an existing one.
Insurance fraud. The use of deception to gain a payment from an insurance provider.
Intentional misstatement of financial statements. When the financial statements are altered to present an image of the financial results or position of a business that is incorrect.
Money laundering. The process of obscuring the origins of cash, so that it appears to be legitimate.
Nigerian scam. Emails are sent that request assistance in transferring a substantial amount of money.
Securities fraud. The purchase or sale of securities that is based on the issuance of false information or the withholding of material information.
The "white-collar crime" name comes from the types of individuals who usually engage in it - executives, managers, staff employees (such as accountants), and so forth.