White-collar crimes are generally committed in the business sector. Many white-collar crimes involve fraud or deceit. Contrary to popular belief, these offenses are serious and often penalized by lengthy prison sentences and costly fines. Further, certain white-collar offenses may be prosecuted on the state or federal level. The following list contains information on some of the most common white-collar crimes:
Fraud — Fraud involves using deception or misrepresentation to obtain monetary gain. The many different types of fraud include credit card fraud, bank fraud, computer fraud and securities fraud. Fraud cases are typically investigated for weeks, months or longer. If you believe you are the suspect of a white-collar crime investigation, consult with a skilled lawyer immediately.
Embezzlement — Embezzlement occurs when a person steals money that he or she was entrusted to safeguard.
Tax evasion — Individuals or business can be charged with tax evasion. You may be arrested for tax evasion if you fill out tax forms with false information or if you rely on schemes to avoid tax obligations.
Money laundering — Money laundering is the act of hiding the source of illegal income. First, money is deposited into a bank. Next, the money’s true origins are disguised by many complex transactions. Lastly, the money is mixed with legally obtained money.
White-collar crimes are not victimless. The state and federal government make examples out of white-collar criminals on a regular basis.