Washington, DC asked in White Collar Crime for District of Columbia

Q: Is there any difference between a white collar and a corporate crime or are they the same thing?

Related Topics:
1 Lawyer Answer
Bernard Crane
Bernard Crane
  • White Collar Crime Lawyer
  • Washington, DC
  • Licensed in District of Columbia

A: Pretty much the same, but not entirely. Its like that scene in Seinfield, where Newman is trying to impress a girl with his postal knowledge and smugly looks at her and says, "All certified mail is registered, but not all registered mail is certified."

All corporate crime is white collar, but not all white collar crime is corporate.

White collar crime refers to financially motivated, nonviolent crime, usually committed by business or government professionals. Corporate crime refers to crime committed in, through, by or against a corporation. But whereas white collar crime frequently involves a corporation or a limited liability company, it doesn't have to. For example, if J. Worthington Foulfellow IV is a private financial adviser and he swindles you into giving him all your hard-earned money to invest, and instead he buys himself the Trump Princess yacht and sails off to Tahiti, that is considered a white collar crime.

Is it financially motivated? Yes.

Is it non-violent? Yes.

Is there a corporation involved? No.

Conversely, if Donald Duck finds out Scrooge McDuck is stealing from McDuck Inc. and threatens to go to Deputy Dog and blow the whistle, and Scrooge McDuck directs his security detail Huey, Duey and Louey to take Donald for a ride out to the swamp and plant him so deep he can't ever fly away again, and he is not found until the NEXT president actually DOES drains the swamp, what is the situation?

It would clearly have been committed in furtherance of the corporate crime of theft and fraud against the shareholders.

Is there a corporation involved? You bet.

Is it a corporate crime? Yes sir.

But is it non-violent? No.

This would NOT be considered a white collar crime, although it WOULD be corporate crime (at least SOME of the charges).

Has this helped?

1 user found this answer helpful

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.