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White-Collar Crime Consequences and Punishments

Chad Kluemper

· White-Collar Crime
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A Peoria, Arizona resident, Chad Kluemper graduated from Gonzaga University, where he obtained a master of arts in organizational leadership. Chad Kluemper served as an investigative analyst, where he investigated potential financial crimes.

White-collar crime is a term used for many financial crimes and frauds of businesses or official authorities. The goal of white-collar crimes is for the perpetrators and deceivers to obtain as much money as possible through law violation.

White-collar crimes can also aim to avoid losing money or obtain an important advantage in business over another firm. They can involve various frauds, including securities frauds or money laundering. A white-collar crime has huge consequences, as it can drain all the money from a person’s savings or drive a company into turmoil.

Perpetrators who commit white-collar crimes can be treated as harshly as those who commit violent crimes. However, those who commit white-collar crimes typically end up in minimum-security prisons, unlike those who commit violent crimes in maximum security.