Enron scandal
Former employees of Enron sitting with their belongings after being laid off, December 3, 2001.
white-collar crime
criminology
Also known as: business crime, commercial crime
white-collar crime, crime committed by persons who, often by virtue of their occupations, exploit social, economic, or technological power for personal or corporate gain. The term, coined in 1939 by the American criminologist Edwin Sutherland, drew attention to the typical attire of the perpetrators, who were generally businesspeople, high-ranking professionals, and politicians. Since Sutherland’s time, however, such crimes have ceased to be the exclusive domain of these groups. Moreover, developments in commerce and technology have...