Which statement best describes white-collar and corporate crimes?

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They are offenses typically carried out by financially well-off individuals, often during business operations.They tend to incur lower financial losses compared to other types of crimes.These crimes are less commonly encountered by the general public than street-level offenses.Those found guilty usually face harsh penalties.

Explanation

White-collar and corporate crimes are generally perpetrated by individuals with considerable financial means, frequently within the context of their professional or business activities. Contrary to some beliefs, these crimes often involve significant financial damage. They are less likely to be experienced by the average person compared to street crimes, and punishments are not always severe.