Have you been charged with a white collar crime? If so, you understand the charges are serious, and you could be facing significant penalties. That is why you need to put up a vigorous defense. First, you need to understand what people are talking about when they mention a white collar crime.
What type of crime is this, and what are the options you have available? Learn more about white-collar crimes below, and remember to reach out to a local attorney who can represent you.
You may be wondering how white collar crimes got their name? White collar crimes are named as such because the people who commit them are usually more educated. Instead of wearing blue-collar shirts in the mills and factories, those who work in the business world usually wear a white shirt and tie, thus the name white collar crime.
Even though the exact definition of a white collar crime can vary, this usually refers to a financial crime that is non-violent in nature. In contrast, violent crimes include charges such as murder and rape. White collar crimes are usually committed for financial gain. Usually, these crimes include concealment, deceit, or a violation of trust. Usually, the people who commit them are trying to obtain money or property, or are trying to prevent losing money or property. Other people commit these crimes to gain an advantage in the business world.
While white collar crimes are non-violent in nature, they can still be extremely serious. White collar crimes have the potential to destroy the lives of not only the person who commits them but also his or her victims. Therefore, it is important to understand a few common examples of white collar crimes and what your options are if you have been accused of one.
There are numerous examples of white-collar crimes. These include:
These are just a few of the most common examples of financial crimes and white collar criminal acts. In general, any financial crime that is based on deceit or concealment is usually considered a white collar crime.
There are several regulatory agencies that are responsible for investigating white collar crimes. In general, arrests are handled by the FBI; however, crimes can also be investigated by the Securities and Exchange Commission (the SEC). The Internal Revenue Service, or IRS, can also be involved in these investigations. The National Association of Securities Dealers, or NASD, can also be involved. Even though a lot of financial crimes are investigated on the federal level, there are situations where state authorities could be involved.
Similar to other types of crimes, the penalties for a white collar crime conviction can vary significantly depending on the size and nature of the offense. In a lot of cases, the penalty is directly proportional to the size of the financial crime.
Of course, someone is usually required to give back all the money they made illegally. Then, an individual usually faces additional punitive fines or sanctions. There are some situations where the entire company may be penalized as well. The individuals who are personally responsible may have to spend a significant amount of time in jail.
The penalties for a white-collar crime can be serious even though they are non-violent in nature. That is why it is important for everyone to rely on an experienced attorney to help them.
Being charged with a white collar crime is serious, and a conviction will follow you for the rest of your life. Therefore, you need to mount a vigorous defense if you have been charged with such an offense.
At Aaron Delgado and Associates, we have a significant amount of experience working with individuals who have been charged with a white-collar crime. We can investigate the circumstances of the charge in-depth, making sure we defend your rights and always act in your best interests. We may be able to negotiate a deal on your behalf, and we may get the case dropped completely. Contact us today for a case evaluation.