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Legal Environment of Business: White Collar Crimes

Fraud related crimes

Bribery / Foreign Corrupt Practices Act


Bank fraud and embezzlement

White Collar Crime

"T Markus Funk Sketch with Frank Calabrese" by Amosgalils - Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons.

The Fraudster Who Faked His Own Death

When a federal judge recently sentenced Aubrey Lee Price to 30 years in prison for bank fraud, embezzlement, and other crimes, it closed a chapter on the once successful businessman’s sensational criminal saga. [read more]

Michigan Psychotherapy Clinic Owner Sentenced to 87 Months in Prison for his Role in $3.3 Million Medicare Fraud Scheme

Gerald R. Funderburg Jr., 35, of Syracuse, New York, was sentenced by U.S. District Judge Stephen J. Murphy III in the Eastern District of Michigan.  In addition to his prison term, Funderburg was ordered to pay $1,453,064.59 in restitution.  [read more]

Oklahoma Pastor Embezzlement 

In January 2015, Jones, a pastor of a church in Oklahoma, was sentenced to time in jail for embezzling nearly one million dollars. Jones started to raise money to build a community center to help the poor neighborhoods, but in reality, he was using the funds raised for himself.

White Collar Crime Overview

The phrase "white-collar crime" was coined in 1939 during a speech given by Edwin Sutherland to the American Sociological Society. Sutherland defined the term as "crime committed by a person of respectability and high social status in the course of his occupation." [read more

What we investigate - An overview of white collar crime by the FBI, including falsifying financial information, corporate insider trading, and fraud of hedge funds. 

White collar crime at Enron - charges of fraud, insider trading, and conspiracy

Misdemeanor vs. felony