Can companies be charged with white-collar crime?

The correct understanding of whether companies can be charged with white-collar crime involves recognizing that corporations can be held liable for criminal activities. While it is true that individuals commit crimes, companies, as legal entities, can also be charged and found liable for their actions.

When we talk about corporate liability, it stems from the principle that corporations can commit wrongful acts through their employees and can be prosecuted for those acts if they fall under statutory definitions of white-collar crimes, such as fraud or embezzlement. Not only can companies face fines and penalties, but they may also endure reputational damage and other consequences that can impact their operations.

Collective liability laws exist to hold corporations accountable, meaning that if a corporation engages in illegal activities, it can be charged just like any individual. Regulatory bodies can pursue action against companies suspected of white-collar crimes regardless of whether individual culpability is demonstrated.

The notion that only individuals can be held accountable does not reflect the legal realities of corporate criminal liability, which recognizes that companies can act unlawfully and bear responsibility accordingly. Therefore, the idea that companies cannot be charged is not aligned with current legal standards.