18:19
that's at least $300
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Simple English definitions for legal terms
occupational crime
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A quick definition of occupational crime:
Occupational crime is when someone commits a crime while they are at work or using their job position to commit a crime. This can include things like embezzlement, fraud, or stealing from their employer. It is against the law and can result in punishment.A more thorough explanation:
Occupational crime is a type of crime that is committed by individuals in the course of their employment or profession. It involves breaking the law for personal gain or to benefit the company they work for. This can include embezzlement, fraud, insider trading, and bribery.
For example, a financial advisor who uses their position to make trades for their own benefit, rather than their client's, is committing occupational crime. Similarly, a construction company that cuts corners on safety regulations to save money is also committing occupational crime.
Occupational crime can have serious consequences for both individuals and society as a whole. It undermines trust in institutions and can lead to financial losses for individuals and companies.