white-collar crime

phrase

: crime that typically involves stealing money from a company and that is done by people who have important positions in the company : crime committed by white-collar workers

Embezzlement is a white-collar crime.

Legal Definition

white-collar crime

noun

white-col·​lar crime

ˈhwīt-ˈkä-lər-

: crime that is committed by salaried professional workers or persons in business and that usually involves a form of financial theft or fraud (as in securities dealing)