If someone is facing white-collar criminal charges, they may find themselves not only defending their rights but also their reputation. An arrest alone can raise suspicions about one's character, even if the charges are dropped at a later date. A conviction has far-reaching consequences-imprisonment, which can lead to a loss of income and jeopardize future employment prospects and driving licensures can be revoked and fines levied, straining tight finances.
Despite the assurances from many insurance companies they will take care of their customers when the need arises, dealing with the filing of an insurance claim can be a frustrating experience.
Exploiting price discrepancies in different markets of an identical or similar asset is not an illegal practice, contrary to what many Ohio residents think. This practice often generates low profits at low risks-the seller is simply buying in one market while simultaneously selling in the other. For example, a stock may be trading at $10 in one market and $10.10 in another. A trader would buy it at $10 and sell it at a higher price in the other market. This type of low profit sale is actually encouraged in some markets to erase market inefficiencies.
Sometimes, one mistake snowballs into another and without realizing it, someone can turn a bad situation into a worse one. An example of this is running away from the scene of the crime or accident that one might be accused of partaking in. This is perhaps the predicament a 39-year-old man in Ohio finds himself in, as he faces multiple charges associated with bringing drugs into a jail after getting arrested. These charges are in addition to the original ones he is facing, relating to the crimes he was arrested for.
In order to charge someone with a crime, police must have some evidence. Often that evidence includes forensics such as fingerprints or DNA, but it can also include the accounts of witnesses who actually saw the person commit the crime. What makes a case even stronger is when the witness is a police officer. This is why law enforcement often uses undercover officers to catch someone in the act. However, police must walk a delicate line to avoid entrapment.
Many people believe that white-collar crimes are victimless. Unlike theft or robbery, where the victim is identifiable, embezzlement or money laundering doesn't target a specific person. This is Ohio residents may think the penalties associated with it are lenient, but this is not the case. White-collar crimes are treated very seriously by the authorities and often give rise to monetary fines and imprisonment.