The economic cost of white collar crime is roughly _____ times greater than that of conventional crime.

Question

Quizplus · Accepted Answer

According to various studies and reports, the economic cost of white collar crime is estimated to be 10 to 50 times greater than the cost of conventional crime. White collar crimes involve large sums of money, financial fraud, embezzlement, insider trading, and other illegal activities that can cause widespread damage to the economy and individuals. The impact of these crimes is not just limited to financial losses but also affects public trust, consumer confidence, and the future of business and investment. Therefore, it is crucial to prevent and prosecute white collar crimes to save the economy from significant harm.

The Economic Cost of White Collar Crime Is Roughly _____