White-collar crime is one of the least understood and arguably most consequential of all crime types. This review highlights and assesses recent (primarily during the past decade) contributions to white-collar crime theory (with special emphasis on critical, choice, and organizational theories of offending), new evidence regarding the sentencing and punishment of white-collar offenders, and controversies surrounding crime prevention and control policies. Several promising new directions for white-collar crime research are identified, as are methodological and data deficiencies that limit progress. White-collar crime is a nonviolent crime often characterized by deceit or concealment to obtain or avoid losing money or property, or to gain a personal or business advantage."Examples of white-collar crimes include securities fraud, embezzlement, corporate fraud, and money laundering. Entities that investigate white-collar crime include the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD), the Federal Bureau of Investigation (FBI), and state authorities. The researcher in this paper made an attempt to brief the causes of white collar crimes and emphasize on the effects of such crimes on the society and its economy.

White collar crime, Corruption, Bribe, Cyber crimes, Insider trading, Scams , Frauds, identity theft,