“The practitioners of evil, hoarders, the profiteers, the black marketeers, and speculators are the worst enemy of our society. They have to be dealt with sternly. However well placed important and influential they maybe, if we acquiesce in wrongdoing, people will lose faith in us.”                         -Dr. S. Radhakrishnan

White-Collar Crime, a term coined in the year 1939 by one of the most influential criminologists, Edwin Hardin Sutherland, is a non-violent crime and is synonymous with a full range of frauds generally committed by business and government professionals. He defined white collar crimes as “crimes committed by people who enjoy the high social status, great repute, and respectability in their occupation”. Broadly speaking white-collar crimes mainly have five types:

• Corporate Fraud 
• Embezzlement
• Ponzi Schemes
• Extortion
• Bankruptcy Fraud

Financial crime is a critical issue that requires quick response because it impacts individuals, business, government agencies, ultimately affecting the economic well-being of the people. Generally, in these types of crimes individuals use their high position for personal gain through the illegal path. Mostly on the graphic representation, white-collar crime impacts mainly the economy. However, the white-collar investigation is mandatory to process because its consequences are costlier than that of any ordinary crime. 

Taking cognizance of such crimes, a dedicated organisation has been constituted under the aegis of the Ministry of Corporate Affairs (MCA). The Serious Fraud Investigation Office (SFIO) takes-up investigation and prosecution of white-collar crimes in India. 

These White Collar crimes result in a severe disturbance in the global financial system. White Collar crime can also threaten the security of employees, through the following:

• Fraudulent condition
• Unstable working conditions
• Threaten consumers security
• Dangerous products
• Health hazardous product
• Cause pollution problems for a community.

Nevertheless, through the process, they harm the victim indirectly by physical harm, financial loss, and strike damage to the community. It is the type of crime motivated for financial increase by indirectly non-violent crimes subjectivity for one’s own personal benefit. However, white-collar crimes overlap with globalization and the corporate world. It is hazardous to the community as these crimes are committed by individuals with high ranks. Those who are supposed to set an example for the welfare of the community.

Some of the White Collar crimes are listed below:

• Misuse of the funds
• Tax evasion fraud
• Larceny
• Wage theft
• Economic crime
• Cybercrime
• Fraud
• Bribery
• Ponzi schemes
• Insider trading
• Labour racketeering 
• Embezzlement
• Copyright violation
• Money laundering
• Identity theft
• Forgery.

Some of the tools listed below are produced by Pelorus and their partners:

ACCESS DATA LAB:

Access Data Lab is likewise referred to as AD Lab. This investigation platform allows to distribute the workload by function, collectively together. However, simplifying the investigation process, it can help in the white-collar defence & investigation process. With a centralised architecture AD Lab works collaboratively for the following:

• Division of labour
• Collaborative analysis
• Web-based review and analysis
• Evaluation
• Cooperative case management
• Web-based investigation 

It stimulates work more effectively by circulating data to all the investigation specialists, as per their expertise. This increases processing & resolution speed.

BELKASOFT EVIDENCE CENTER X:  

Belkasoft Evidence Center X is a tightly integrated solution which can easily be incorporated into the customer’s work centre to work effectively. It can acquire, examine, analyze, and present digital evidence from major sources—computers, mobile devices, RAM and cloud services—in a forensically sound manner. This software is user-friendly.

• It analyses the data
• Examine the files
• Accurate Evaluation
• Provides digital evidence 
• Free-of-charge portable Evidence Reader to share the case information.

ELCOMSOFT DESKTOP FORENSIC BUNDLE:

A software tool incorporated for password recovery in a forensically sound manner. Enabling corporate and government agencies to unlock documents, decrypt archives, break into encrypted containers. It is the fastest password recovery tool, and works 25 to 250 times faster with hardware acceleration using conventional video cards for GPU acceleration. Not only is it easy to use, but customer-friendly too.

FORENSIC EXPLORER (FEX):

A forensic tool for the analysis and presentation of electronic evidence is meant both for the experienced as well as the new investigators. It combines a flexible graphic user interface (GUI) with advanced sorting, filtering, searching, previewing and scripting technology. A Forensic Explorer license is a perpetual license and enables the following process:

• Promptly process large amounts of data
• Access and examine all available data, including hidden and system files, deleted files, file and disk slack and unallocated clusters
• Automated complex investigation 
• Document a case and produce detailed reports
• Boost productivity & efficiency.

CONTACT US:

Get your examination & evaluation software tools today and request a demo from Pelorus and partners. We offer the best digital solution through their products for the welfare of the community. We help you in analysing, data detection & evaluation process. Let’s come together & stop these white-collar crimes.