Characteristics of White Collar Victims
Prone to financial Loss
Unaware of the malpractices
Most of the victims of white collar crimes are employees, employers, banks, tax authorities, customers and shareholders. They are prone to extended financial loss as most of them might be unaware of the subtle accounting malpractices (Gottschalk, 2013). In the aftermath of the Bernard Madoff, most of the victims including businesses and individuals suffered significant financial losses.