In what context does white-collar crime typically occur?

White-collar crime typically occurs in business or professional settings, where individuals in positions of power and trust commit crimes for financial gain without physical violence. This type of crime often involves deceit and can include activities such as fraud, embezzlement, insider trading, and identity theft. The perpetrators are usually well-respected professionals, such as corporate executives, government officials, and managers, who exploit their positions to commit illegal acts.

The nature of white-collar crime makes it distinct from other types of crime, which often occur in more public settings or involve direct confrontation. In a business environment, the crimes can be concealed within complex financial paperwork or through manipulative business practices, making them challenging to detect and prosecute. This context highlights the significant impact that white-collar crimes can have on economies, businesses, and individuals, often resulting in substantial financial loss and a breach of trust.