Among the most common types of white collar crimes are bank fraud, embezzlement, and cybercrime.
Bank Fraud—Bank fraud is usually committed with the intent of financial gain. For bank fraud to occur, there must be intentional deception, pretense, or use of false information to steal from a bank, financial institution, or bank depositors.
Embezzlement—When a person, typically the employee of an organization, is in a position of authority where they have access to corporate funds, corporate credit cards, or property and uses their authority to steal from an organization purposefully, it is considered a case of embezzlement. Common examples of embezzlement can be seen through politicians and campaign officials misappropriating campaign funds to cover personal expenses or through an employee endorsing client checks and keeping the cash for themselves.
Cybercrime—With the increase in modern-day internet access, it is no surprise that cybercrime is one of the most common types of white collar crimes. Because cybercrime encompasses such a wide variety of offenses, including crimes against people, crimes against property, and crimes against the government, each offense has its own punishment and penalties depending on the circumstances.