Posted on 1/27/20

White-collar crimes are non-violent crimes with economic motives, and they are usually committed by people in business environments or in government organizations who have access to large sums of money or funds. Whistleblowers play a vital part in prosecuting this type of crime. White-collar crimes are typically prosecuted at the federal level, which means that those facing charges will likely be up against entities with more resources and more experienced prosecutors.

Types of White-Collar Crimes

Charges for white-collar crimes can put your reputation and career in danger. The term “white-collar crimes” covers a wide range of possible crimes, including, but not limited to, the following:

  • Fraudulent schemes

  • Mortgage fraud

  • Organized crime

  • Illegal address of a company

  • Money laundering

  • Bank fraud, by mail or email

  • Possession of counterfeit device

  • Checks without funds

  • Extortion

  • Falsification

  • Conspiracy

  • Postal fraud

It could be that you were unprepared and did not know that what you were doing was illegal. It could be that one day you were running a successful business and the next day you found yourself behind bars. In addition, you may not even realize the seriousness of a conviction for white-collar crimes. Even the accusations can be devastating and upset your entire life.

A conviction for a financial crime can have serious consequences, such as significant fines and time in jail. The result can forever stain your background and reputation for years. With so much at stake, it is important that you contact a lawyer who knows the Texas justice system well.

White-Collar Criminals

White-collar criminals are people who, from their desks, engage in unethical behavior and use their physical appearance and knowledge to steal money or extract money fraudulently from their employers. This type of behavior can be avoided with a correct ethical business and business culture. A business should support those who want to come forward to report crimes by providing a channel through which they can be heard.

Are White Collar Crimes Federal or State Charges?

In most situations, those facing white-collar crimes will be prosecuted at the federal level. This is because these crimes generally involve large sums of stolen money, as well as computer-related tactics used in various states to complete these crimes. It should be noted that federal law enforcement officials will have more resources and a higher level of experience in prosecuting financial crimes of this nature.

However, there are certain types of circumstances in which a white-collar crime may be handled at the state level or even at both the state and federal levels.

Penalties for White Collar Crimes

The legal sanction for a white-collar conviction depends on several factors, such as the suspect’s criminal record, the type of crime committed, and the amount of pecuniary damage. If an individual is found guilty of a white-collar crime, he or she may receive significant penalties including restitution, imprisonment, significant fines, probation, community service, and attorney fees. In addition, the person will endure a damaged professional reputation, along with a criminal offense that could remain in record forever.

Hiring a Lawyer for White-Collar Crimes

If you are accused of a white-collar crime, you have the right to consult with a qualified lawyer. Remember, each person is innocent until proven guilty. Contact the attorneys at Abel Law Firm today to schedule a consultation.

Flower Mound Office

Phone: 972.584.7837

Denton Office