Is White Collar Crime Less of a Crime?
No. White-collar crime, or corporate crime, concerns financially motivated, nonviolent crimes committed by business and government professionals.
White-collar crime such as embezzlement and stock manipulation is far more costly, financially, to society than blue-collar or street crime such as robbery. According to the FBI, it costs $15 billion a year to combat ordinary street crime compared to nearly $1 trillion for white-collar crime. White-collar and elite criminals benefit from institutionalized non-enforcement practices, regulatory policies, and legal representation not available to lowly street criminals. As a result, white-collar criminals are extremely difficult to apprehend and prosecute, even when they do tremendous harm to society.