Many people consider white collar crimes to be a less serious offense than crimes that involve violence or assault, but in reality, these offenses can also lead to extensive jail time and other penalties. White collar offenders may do hard time if convicted, and New York individuals facing accusations or those who are currently under investigation would be wise to take their situation seriously.
White collar crime is a term used to describe offenses not necessarily characterized by violence or threat of violence, but rather involves actions related to fraud, deceit, concealment, violation of trust and more. Money and financial grain is the motivation behind white collar crimes.
Common types of white collar crimes
Corporate fraud cases are some of the most prevalent types of white collar crime cases investigated and pursued by the FBI. Elements of corporation fraud cases and other related types of white collar crimes can include the following:
- Schemes designed to defraud investors
- Falsification of financial information
- Self-dealing by corporate insiders
- Fraud in connection with hedge funds
These types of cases are one of the highest priorities in the Federal Bureau of Investigation, and those guilty of these crimes will likely face penalties associated with felony charges. Some of the most specific types of white collar charges include:
- Money laundering
- Credit card theft
- Identity theft
- Internet financial crimes
These cases often involve extensive and complex paper trails, and an appropriate defense is crucial in order to confront these complicated accusations.
What is at risk?
If you are facing accusations or believe that you are under investigation for any type of white collar crime activity, there is much at stake. In addition to the risk of jail time, you are also facing the following potential consequences:
- Loss of career
- Significant financial penalties
- Loss of reputation
- Loss of other personal freedoms
There is much at risk, including years of your life if you end up in prison. You would be wise not to assume that there is no evidence or that you did nothing wrong. Proactively securing legal help as early as possible in the process is a crucial element in protecting your future interests and personal freedom.
In these types of cases, experience matters. Your legal ally needs experience and specific knowledge into investigative methods and criminal law. You have the right to legal representation at any point in the criminal law process, regardless of whether you have any charges pending against you at the time.