When anyone hears the word crime
immediately he/she think of something such as robbery, assault, murder, drugs,
etc. but people have found a way to commit a crime which does not require a
gun, knife or fighting, a way to abuse their position as well as status to gain
a large amount of other people’s money without being known as thieves or
criminals. These crimes typically involves some form of deceit, man oeuvre or
the abuse of a position of trust that distinguishes them from the common theft
or robbery and this type of crime does not involve violent, drug related or
visible illegal activities.
They have serious and long term impacts on
their victims and these crimes that are conducted through a variety of
mechanisms are continually evolving as well as vary in levels of
sophistication. They also involve activities that defraud people of their money but
robbery involves the threat of violence, crimes of financial fraud tend to be
stealthy and nonviolent. They are often known as white collar crimes and although
these crimes donor cause physical harm but they are still serious and carry
penalties. They also affect private individuals, companies and organizations
and have a negative effect on the entire economic as well as social system
through the considerable loss of money incurred.
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