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Assertive Representation In State & Federal Court

What counts as a white collar crime?

| May 27, 2020 | Uncategorized

White collar crimes are criminal activities that involve using some type of deception in order to achieve financial gain. Facing allegations of some type of financial crime may not seem that serious as there was no element of violence in what happened, and it may even appear to be a victimless crime. However, this is not the case. White collar crimes are quite serious, and they are prosecuted to the fullest extent of the law.

If you are facing charges of a white collar crime, it’s in your interests to approach your situation in the right way. You will find it beneficial to have experienced defense guidance as you navigate the Ohio criminal justice system and fight for your future interests. There is a lot at stake, but it is possible to confront these charges in a manner that allows you to possibly avoid a conviction or mitigate the potential penalties you are facing.

Types of white collar crime

Generally speaking, any type of financial crime could count as white collar crime. They include scams, various types of theft and fraudulent activities. Some examples of white collar crime include: 

  • Insurance fraud – This is when an individual initiates a scheme intended to collect money from the insurance company through a fraudulent claim.
  • Securities fraud – This type of crime involves what many refer to as insider trading. It happens when an individual takes inside information on a business or investment and uses it for some type of financial gain.
  • Tax evasion – Tax evasion involves using various schemes to avoid paying taxes. It can include withholding certain information on important documents in order to reduce tax obligations.
  • Embezzlement – This type of white collar crime involves taking money from someone to whom is owed a certain duty. For example, a financial planner using client information to access and take money is embezzlement.

White collar criminal activity violates both state and federal laws, and the potential penalties include extended time behind bars.

Where should you start?

If you are facing charges of white collar criminal activity or you are under investigation for it, the time to act to preserve your interests is now. An assessment of your case can help you understand what defense strategy is optimal for your unique situation. While the stakes are high, it is possible to effectively fight back and keep your long-term well-being intact.