What characterizes a white-collar crime?

A white-collar crime is characterized primarily by its nature of financial gain achieved through deceitful or fraudulent means without causing physical harm to individuals or property. It typically involves individuals in business or professional settings who exploit their position to commit crimes that can include fraud, insider trading, embezzlement, and money laundering, among others.

This definition underscores the difference between white-collar crime and other forms of criminal activity that may involve violence, physical goods, or be motivated by political reasons. The focus on financial gain rather than physical injury aligns with the essence of what constitutes a white-collar crime, making it distinct from other crime categories that may rely on aggression or the trafficking of tangible items.