Some estimates indicate that corporate crime may cost society more than $389 billion dollars each year.

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The statement "Some estimates indicate that corporate crime may cost society more than $389 billion dollars each year." is true.

Corporate crime is another form of white-collar crime. Whereas occupational crime is committed by individuals for their own profit, corporate crimes are crimes committed by a company or employees of the company working on behalf of the company. In other words, the company or business, rather than individuals, benefit from corporate crimes. For example, a company may sell items that they know are dangerous or defective. Some estimates indicate that corporate crime may cost society more than $389 billion dollars each year.