When many think of a white collar crime, they think of directors in large multinational corporations or organized crime. However, white collar crime laws impact small business owners, other professionals that work with money, or even those making insurance claims. A conviction for a white collar crime can carry serious consequences and those charged. The accused must understand their specific charge and should know their options regarding defending their claim and possible consequences.
What is white collar crime?
White collar crime is a non-violent crime committed by businesses or professionals with the intent to obtain financial gain through deceit, concealment, or abuse of trust. There are various types of white collar crimes, including:
- Fraud (deception for personal gain)
- Forgery (the action of producing a copy of a document, signature, banknote, or work of art)
- Counterfeiting (a fraudulent imitation of something else)
- embezzlement (theft or misappropriation of funds placed in one’s trust, including pension fund crimes)
- bribery (offering payment for the criminal act or omission of another)
- computer crimes (crime that involves a computer or network)
- RICO crime (criminal acts related to organized crime)
What are the consequences?
Consequences vary based on the specific charge and exacerbating or mitigating circumstances. However, the crimes may involve significant fines, payments of restitution, or even jail time. An experienced attorney can help the accused in defending against the elements of the crime or get reduced fines or jail time.
Michael Mitchell is an attorney who practices in the areas of DUI & criminal law and founder of the Mitchell Law Group. He is a member of the National Association of Criminal Defense Lawyers, California Lawyers Association and the National College for DUI Defense. Visit his website at www.fresnoscriminallawyer.com.