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Theft
White Collar

Impact of White-Collar Theft Charges

Although there is no fixed definition of "white-collar crime," the term generally describes nonviolent crimes that are based on cheating or dishonesty, such as embezzlement, perjury, fraud, money-laundering, wire fraud, RICO claims, bankruptcy fraud theft, forgery, credit card fraud, counterfeiting, extortion, Internet fraud, insurance fraud and computer hacking. Professionals or entrepreneurs under the cover of a legitimate business activity typically commit these crimes.

White-collar crimes are usually quite complex. Although they traditionally carried lesser penalties than other crimes because they were not associated with violence, there is a recent trend toward stricter punishment for white-collar crimes as people recognize the financial damage white-collar criminals inflict on society. Consequently, defendants convicted of white-collar crimes may incur enormous fines, be ordered to pay restitution, or spend significant time in jail or prison. Being convicted of a white-collar crime frequently also destroys the person's livelihood and career, and accuseds should contact an experienced advocate.

Embezzlement

Embezzlement means taking another's money and property through the abuse of an official job or position of trust. Embezzlement can take many forms. For example, an accountant or bank employee might falsify records and skim profits. If you are accused of embezzlement, engaging an experienced criminal defense firm is critical because your career and livelihood are at stake.

What Do I Do If White-Collar Crime Charges Are Brought Against Me?

Because white-collar crimes are associated with businesses, the accused is a businessperson, and the crime is not one of violence, a person accused of a white-collar crime may not feel like a criminal. However, given the present legal climate, the possibility of prison and loss of freedom is as much a reality for an embezzler as for a violent offender.

If white-collar crime charges are brought against you, you should appear at court on the date indicated on the notice. It is important to bring an attorney competent in defending white-collar crimes to represent you in court.

You should not discuss your case with anyone other than your attorney while charges are pending. If the charge against you involves your job, your employers or their corporate counsel will attempt to question you about the loss. If you realize you are the target of an investigation by your employer, you should immediately retain counsel and have your attorney present during any questioning. Generally, any information that you supply in such a situation is likely to be turned over to the police. Therefore, you should tell your employer that you do not intend to talk to them until after you have consulted with your attorney.

Conclusion

Being charged with a white-collar crime can have a devastating effect on a person's career. Engaging an expert defense team is important if you are charged with a white-collar crime, even if you believe it is based on false allegations.

DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.