ECONOMIC COST OF WHITE-COLLAR CRIME

Knowing the actual economic cost of white-collar crime enables us to understand their actual impact on the economy. The FBI, through a report on ‘Crime in the United States’, established that the costs of robbery and theft were approximately $5 billion per year, whereas the cost of white-collar crimes is roughly $300 billion a year. White collar crimes can rapidly destroy shareholders assets worth billions of dollars as demonstrated by the collapse of giant companies such as Enron.

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