What Is a White Collar Crime?Published: Nov 18, 2019 by Erika Valcarcel
A white collar crime is one of the most serious crimes you can commit. It refers to a criminal act that often takes place in a business setting and is committed for the purpose of financial gain. If you are convicted of a white collar crime, you may face consequences that can take a toll on your reputation, career, and finances.
If you’re under investigation for a white collar crime, consult our experienced Sarasota theft lawyers at Erika Valcarcel, Criminal Defense Lawyer, P.A.. We can perform a thorough investigation and may be able to get your charges reduced or even dismissed altogether. Contact us at (941) 363-7900 today.
The Definition of a White Collar Crime
A white collar crime is a serious crime that is usually committed by a professional for the purpose of illegal monetary gain. Unlike many other crimes, white collar crimes are non-violent in nature and financially driven. Most white collar crimes are federal and involve comprehensive federal investigations.
Types of White Collar Crimes
There are a variety of white collar crimes that one can commit including:
- Identity theft: Identity theft refers to stealing someone else’s identity. It is a common crime in today’s digital world.
- Forgery: Forgery occurs when an individual creates a fake document or makes changes to a genuine one in an effort to defraud someone.
- Mortgage fraud: Inflating a home value, stating false facts on a mortgage application, and accepting a seller kickback are a few examples of mortgage fraud.
- Tax fraud: Tax fraud can arise when an individual does not make their estimated tax payments, hides assets, or overestimates tax deductions.
- RICO: RICO stands for the Racketeer Influenced and Corrupt Organizations Act and penalizes individuals in organized criminal associations. A RICO violation is a white collar crime.
- Money laundering: Money laundering is the act of hiding the true source of money that is earned in an illegal manner.
- Counterfeiting: Counterfeiting is when goods are manufactured or distributed under someone else’s name without their permission.
- Perjury: Perjury is the act of purposely making false statements in sworn testimony. It can be committed orally or in written form.
- Embezzlement: Embezzlement is the theft of assets, which can be money or property by a person who has trust or responsibility over them.
Why Seek Legal Representation
If you are being charged with a white collar crime, you should take your charge very seriously. Upon conviction, you may be left with life-changing consequences such as hefty fines, prison time, probation, the forfeiture of property, and community service. In addition to a permanent criminal record, these consequences can make it difficult for you to land a job, find a place to live, and obtain custody of your children. They can also cause you to lose your professional license and hurt your career.
With skilled legal representation by your side, you can increase your chances of a favorable case outcome and avoid serious ramifications that can hinder your current life and future. At Erika Valcarcel, Criminal Defense Lawyer, P.A., our lawyers are well-versed in how federal prosecutors and federal courts handle white collar crimes. They can conduct a thorough investigation of your case and construct a strong defense strategy on your behalf.
Contact Erika Valcarcel, Criminal Defense Lawyer, P.A. Today
If you’re under investigation for a white collar crime, it is in your best interest to consult Erika Valcarcel, Criminal Defense Lawyer, P.A. today. We are experienced in all types of white collar crimes and can ensure your rights are protected. Contact us at (941) 363-7900 today.