Q: Difference between White collar crime and Blue collar crime ?

Ans: Blue collar crimes are the crimes of people from a lower social class whereas white collar crimes are the crimes of people of higher social class. . There is use of threat in blue collar crimes whereas there is no threat or violence in white collar crimes.

The examples of blue collar crimes are Armed Robbery, Sexual Assault, Burgalary, etc which are committed by low class like farmers, electricians, mechanics ,etc . The examples of white collar crimes are Wage theft, misappropriation, copyright infringement,  etc by high class like doctors, lawyers, etc. 

Comments

Post a Comment

Popular posts from this blog

Q: Explain 2G Scam case of white collar crime ?

Ans: 2G Scam Case :  The 2G Scam included the fixed-price sale of 2G spectrum licences. Politicians and private personnel of the United Progressive Alliance coalition government in India (UPA) were allegedly associated in the sale or allocation of 122 2G spectrum licences, which sparked a political issue. Applicants who weren't even qualified received licences. It was an amalgamation of three cases, two registered by the CBI and one filed by the Enforcement Directorate. According to the CAG investigation, 2G licenses—or those for mobile networks' second generation—were distributed at irrelevant prices rather than through open and transparent bidding processes. A Raja was detained in 2011 on suspicion of cheating, falsification, and conspiracy but denied all charges, claiming that Prime Minister Manmohan Singh had granted of this decision. India's CAG published a report on their criminal activity in 2010. Additionally, because the offence was so heinous, the charge sheet was...
Read more

Q: What are White collar Crimes by the development countries ?

Ans: As far as White Collar Crimes are concerned, India is a developing country and white collar crimes are becoming a major cause for its under development along with poverty, health, etc. The trend of white collar crimes in India poses a threat to the economic development of the country. These crimes require immediate intervention by the government by not only making strict laws but also ensuring its proper implementation.
Read more

Q: What is Ponzi scam ?

Ans: Ponzi scam is also known as pyramid scam is a type of affinity scam in which the scammer would through emails and advertisements offer the people to earn huge profits only by investing a certain amount of money and they have to sit comfortably in their room. The scammers also give exciting offers like early bird offer that would be able to make more profits. After investing their money in such schemes,  people land up having nothing in their hand, as the scammer runs away with the money leaving behind and no clue of their existence so as to track them. The cases of ponzi scheme in India are as follow :  In November, 2018, Gaylen Rust of Utah was accused by the Government for running ponzi scheme and they generate huge wealth, like that if 25-40% per year,which is about 47 to 200 million of money. It was observed that more than 200 people had become a victim of this scheme.  In the same year,  when Gaylen ruth was found guilty, in the month of September, a person...
Read more