Types Of White Collar Crimes

White collar crimes cover a broad range of non-violent offenses, usually involving money, fraud, or misrepresentation. These charges often arise in professional settings and can carry serious penalties, including fines, restitution, and prison time. Attorneys like our colleagues at Tuttle Larsen, P.A. can attest to how serious these allegations can be, especially when the charges involve complex financial transactions or long-term schemes. If you have been charged with a white collar crime, it is important to contact a lawyer to discuss your case as soon as possible.

Fraud

Fraud covers a wide range of conduct, from wire and mail fraud to health care and mortgage fraud. At its core, fraud involves intentionally deceiving someone to gain something of value, typically money. Federal and state laws address various forms of fraud, and the penalties can be significant, especially when large sums or multiple victims are involved. In some circumstances, fraud may lead to civil suits as well, which can necessitate the assistance of an experienced commercial litigation lawyer.

Embezzlement

Embezzlement happens when someone entrusted with managing or monitoring someone else’s property or funds uses them for personal gain. This often involves employees or executives who divert company funds for their own use. Unlike theft, embezzlement typically involves a breach of trust in a formal relationship.

Insider Trading

When someone with access to confidential, non-public information uses that knowledge to buy or sell stocks or other securities, it may qualify as insider trading. This can apply to corporate executives, employees, or even friends and family who receive tips. Regulatory agencies take insider trading seriously and may pursue both civil and criminal penalties, making the assistance of a good lawyer crucial for those facing these charges.

Money Laundering

Money laundering is the process of concealing the origins of illegally obtained money by moving it through multiple financial transactions to make it appear legitimate. It often involves shell companies, overseas accounts, or complicated wire transfers. Prosecutors may add money laundering charges to cases involving drugs, fraud, or organized crime.

Bribery And Kickbacks

Bribery involves offering or accepting something of value to influence the actions of a public official or someone in a position of power. Kickbacks are similar but usually refer to payments made in return for business favors or contracts. These offenses can arise in both public and private sectors and often involve corporate decision-makers, contractors, or government employees.

Identity Theft

White collar identity theft involves using someone else’s personal information—like Social Security numbers or bank details—for financial gain. This can occur through phishing scams, data breaches, or misuse of access in workplaces like banks or medical offices. Identity theft is often linked to larger fraud schemes, especially when used to open credit accounts or file false tax returns. A criminal defense lawyer can fight to protect those charged with crimes such as identity theft from harsh penalties.

Contact A Lawyer Today

White collar charges can disrupt careers, reputations, and financial stability. It’s important to work with a lawyer who understands the laws and how these cases are handled in court. If you or someone you know is facing a white collar crime investigation, seeking legal guidance quickly can make a difference.