... lying, cheating and stealing. The term was reportedly coined in 1939 and is synonymous with a full range of Frauds committed by business and government professionals. White collar crime is not a victimless crime; a single scam can destroy a company and devastate vulnerable families by wiping out their life savings, or cost investors billions of dollars. Today's Ponzi frauds have become more sophisticated than ... before. Edwin Sutherland initially coined the term 'white-collar crime'. White collar crime refers to crimes that are committed by respectable business people during the c...

• Word Count: 1193
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School