In 2015, Daniel is arrested for running a Ponzi scheme in which he swindled nearly $2 million from investors. This crime would be considered a _______.

Question

Quizplus · Accepted Answer

Running a Ponzi scheme and committing fraud for financial gain is a classic example of a white-collar crime. White-collar crimes are typically non-violent offenses that are committed by individuals in high-level positions or businesses. These crimes often involve deceit, deception, and a breach of trust for financial gain, which is exactly what Daniel did in this situation. Blue-collar crimes generally refer to crimes committed by individuals who work in manual labor or low-wage jobs, while green-collar crimes refer to environmental offenses.

In 2015, Daniel Is Arrested for Running a Ponzi Scheme