IMPORTANT TO NOTE: While we will remain open to meeting in person, in response to COVID-19, we are offering clients the ability to connect via telephone or video conference should they prefer. Please call the office to discuss your options further.

Assertive Representation In State & Federal Court

Accusations of white collar crime may leave you seeing red

| May 15, 2017 | Uncategorized

Many individuals have financially driven goals. This motivation can often result in parties achieving business success or other monetary gains throughout their lives by working hard and understanding when to make lucrative decisions. However, as someone with this type of drive, you may have found yourself accused of making financial decisions that some people find questionable, and as a result, you may find yourself facing charges for a white-collar crime.

White-collar crimes involve violations and offenses that individuals allegedly commit in hopes of obtaining financial gain. A variety of activities could fall into this category, and many of types of fraud typically first come to mind when considering white-collar crimes.

Fraudulent activity

Fraud usually involves a person carrying out deceitful acts in an effort to gain some type of monetary benefit. Fraudulent actions could affect anyone, and individuals or companies could face substantial losses if a person or entity defrauds them. Some common types of fraud include:

  • Securities fraud — This type of fraud revolves around the buying and selling of securities, like stocks. If someone has insider knowledge about a company and chooses to use that knowledge to trade stocks, that action could constitute fraud in the form of insider trading. Securities fraud could also involve individuals providing false information about a company in hopes of gaining investors.
  • Insurance fraud — Attempting to defraud insurance companies happens relatively often. Individuals may provide false information on applications in hopes of gaining favorable coverage or lying about illnesses, injuries or accidents in hopes of obtaining compensation.
  • Ponzi scheme— This particular fraudulent act also deals with investors. Rather than paying returns to investors out of profits made by the company, the company owners or operators pay returns out of money gained from other investors. Essentially, individuals defraud other parties by having investors pay investors rather than the company paying investors.

Embezzlement

You could also face accusations of embezzlement when it comes to white-collar crime. This endeavor involves stealing money from a business operation. An employee could attempt to embezzle money from his or her employer, or a company operator could try to embezzle money from the company itself. Improper use of funds could also constitute embezzlement.

Criminal defense

Accusations of white-collar crimes can bring you considerable difficulties, including damaging your career and reputation. Therefore, you will undoubtedly want to ensure that you explore your options for creating a meaningful criminal defense. Working with an experienced Cincinnati attorney could help you better understand how to handle allegations of fraud, embezzlement or other related offenses.