Insurance fraud, mortgage fraud, embezzlement and income tax evasion are different forms of white-collar crime. white-collar crimes charges involve some form of deception, but violence is generally not used to carry them out.
Fraud is probably the most common white-collar crime. Unlike a theft crime in which money or personal property is physically removed from the possession of a victim, a fraud victim loses the money or property a result of a lie, trick or deception. For example, someone running a Ponzi scheme tricks investors into parting with their money by promising them extremely high returns on an investment that does not exist.