...another crime category defined:


"...white-collar crime should be defined by the type of offense committed i.e., fraud, counterfeiting, forgery, embezzlement, bribery, larceny, price fixing, racketeering, computer fraud, obstruction of justice, and perjury. Mixed in with these offenses is the increasingly popular securities fraud as typified by the recent cases of Bernard Madoff and New Jersey fund manager James Nicholson. Madoff allegedly confessed to his employees that he perpetuated a massive fraud scheme which could cost investors an unbelievable amount in excess of $50 billion. Forty-two year old James Nicholson is accused of defrauding his investors of as much as $900 million since 2004...

In the years 1997 through 1999, white-collar crime accounted for less than 4.0 percent of the incidents reported to the FBI. The majority of those offenses were frauds, counterfeiting, and forgery...of those reported only 21% made it into the hands of a law enforcement agency."


{shortened by me}