Although there is no definitive, universal definition for white collar crime, it is generally identified as nonviolent crimes that public officials and business people commit predominantly for their own personal gain. This subset of criminal law includes virtual laundry list of offenses and acts of fraud.
According to the Federal Bureau of Investigation, white collar crime is estimated to cost the United States more than $300 billion annually. The government can charge individuals as well as has the power to sanction corporations for these offenses. Any defenses available to non-white collar defendants in criminal court are also available to those accused of white collar crimes with a common refrain is the defense of entrapment.