By Khadija L. on July 09, 2018
First defined in 1939, white-collar crimes refer to crimes which are non-violent, financially motivated and usually committed by people who are business and government professionals. These people are said to come from very respectable occupations and are of high social standing.
There are different types of white-collar crimes including forgery, racketeering, insider trading, bribery, fraud, embezzlement, identity theft, money laundering and cyber crime.
It can take the FBI years and in some cases decades, to gain enough evidence against these people, and by the time they do, most of the money has been spent on extravagant parties, homes and vehicles as well as to fund various politicians campaigns.
Some of the most famous names include Charles Ponzi, a man who the "Ponzi scheme" was named after; Bernard Madoff, who scammed over $64 billion from his victims, Bernard Ebbers, a man who defrauded investors over $11 billion and Martha Stewart, a television personality who lied about her stock sale a day before the company turned belly up.
If you were images of these criminals, would you be able to identify them because 95% of the population can't. Take it to see how well you know some of the most notorious white-collar criminals of our time!