An illustration showing documents and financial records symbolizing corporate fraud and white-collar crime.

White-Collar Crime: Understanding Its Impact on Society

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Introduction: What is White-Collar Crime? White-collar crime refers to non-violent crimes that are committed by individuals in positions of trust and authority, often in the corporate or professional world. Unlike street crime, which involves physical harm or property damage, white-collar crimes typically involve deceit, fraud, or breach of trust. These crimes are usually financially motivated…

A corporate executive signing legal documents, representing fiduciary duty in business

Is Breach of Fiduciary Duty a Crime? Legal Consequences & Case Studies

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Introduction Fiduciary duty is a legal obligation that binds an individual or entity to act in the best interests of another party. This duty typically arises in relationships involving trust, such as between attorneys and clients, corporate officers and shareholders, trustees and beneficiaries, and financial advisors and their clients. When a fiduciary fails to uphold…