When it comes to whote collar crimes, there is a world full of masterminds and people with a façade of gold. However, these people have committed atroctities against institutions, like banks. Or have brought ruin to people from the highest class to the lowest. White collar crimes, different from any other criminal activity as it is usually an accountant that siphons money from an employer and proceeds to cook the books to hide the discrepancy, are much harder to identify than "blue collar" crimes, i.e. murder, kidnapping, and robberies.
1. The Bhopal Disaester
In 1969, a chemical manufacturer UCC built a plant in Madhya Pradesh State Governement to produce a pesticide called Sevin, which was widely used in Asia.
Though this plant was meant to create thousands of jobs and improve the economy of Bhopal, the city chosen for the Sevin manufacturing plant, it instead caused thousands upon thousands of deaths in the beginning days of December 1984.
Because of the company wanting to slash costs, it started producing raw products for Sevin (a process more dangerous than making pesticides with chemicals made elsewhere) in Bhopal, a town designed for commerce and light industry. So, when a harsh wind blew through the town, it blew a poisonous gas plume with it too, choking the town and making victims die with eyes and throat burned, still foaming from the mouth and vomit latticing their lips. The disaester reached U.S. UCC headquarters, making the Executive Officer Warren Anderson travel to Bhopal, now a city littered with human and animal corpses, and he was immediatly arrested on the count of the white collar crime known as corporate negligence.
The crime of corporate negligence was further supported with the fact that the toxic gas was made from chemicals meant to clean interior pipes with 40 tons of methyl isocyanate, two chemicals that shouldn't have met hadn't the pipes been moved -- the logical result was sabotage.
2. Bernard Madoff
In 1960, Madoff founded Bernard L. Madoff Investment Securities LLC., a company that soon created the biggest Ponzi scheme in history, but started with a few, but elite investors that poured thousands of dollars on the promise of a steady return. Because of the few investors, it managed to avoid the scrutinity of the SEC, and continued with its operations, growing bigger and bigger, until the economy started to collapse in 2008, causing the downfall of Bernie Madoff's Ponzi scheme.
Though the SEC was warned by Harry Markopolos that Madoff's numbers were mathematically impossible to achieve, they ignored it and only did an incompetent examanition of Madoff's firm, evading the law successfully for the nth time in the decades that Madoff Investment Securities was running. In fact, Madoff never got caught but he confessed to the crime in 2008, after the economy betrayed his Ponzi scheme and he got sentenced to 150 years of prison. In his second year of jail, his son Mark hanged himself in his apartment, a tragic conclusion to the biggest Ponzi scheme in history.
3. The Siemens Scandal
White collar crime, a term coined in 1936 by American sociologist Edwin Sutherland, when he chose to study the financially motivated, non-violent crimes committed by professional businessmen that were more likely to get away with their crimes than their blue collar counterparts, still permeate society and most likely will forever as loopholes exist.