Although there’s no single definition, white-collar crime generally involves the nonviolent exploitation of a significant position of power for illegal gain, causing financial and even physical harm to its victims. There’s also no definitive list of white-collar offenses. Typically such prosecutions involve mail and wire fraud, securities fraud, racketeering, perjury and false statements, obstruction of justice, money laundering, and tax violations.

I.   Federal and State...