Select One Type of White-Collar Crime and Define It

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The Answer is One type of white-collar crime is embezzlement, which involves the theft or misappropriation of funds or assets by a person entrusted with them. This can occur in a variety of settings, such as corporate finance, government agencies, or non-profit organizations.

Risk factors for embezzlement include access to financial resources, lack of oversight or internal controls, and financial pressure or opportunity. For example, an employee with access to company funds and minimal oversight may be more likely to commit embezzlement if they are experiencing financial difficulties or feel they can get away with it.

These risk factors provide the opportunity for victimization to occur because they create an environment where an individual can exploit their position of trust and access to funds without detection. Without proper oversight and internal controls, it becomes easier for someone to manipulate financial records and divert funds for their own benefit. Additionally, financial pressure or opportunity can lead individuals to rationalize their actions and justify the theft of funds as a means to alleviate their own financial stress.

Overall, the risk factors for embezzlement create an environment where individuals can take advantage of their access to funds and lack of oversight, leading to the victimization of the organization and its stakeholders. Implementing strong internal controls, regular audits, and promoting a culture of transparency and accountability can help mitigate these risk factors and reduce the opportunity for embezzlement to occur.

Select One Type of White-Collar Crime and Define It

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