You may have heard the phrase white collar crime and wondered what it refers to and what types of crimes it applies to. White collar crimes are typically financial crimes that involve misleading, concealing or deceit to accomplish. Examples of white collar crimes can include fraud, embezzlement, tax evasion or money laundering. Specifically, white collar financial crimes can include Ponzi schemes, insurance fraud, tax evasion and securities fraud including insider trading.
Many white collar crimes involve fraud which refers to using deceitful methods for monetary gain. White collar crimes can result in serious penalties and consequences for those accused of committing white collar crimes. Embezzlement is a fairly common type of white collar crime that can result in incarceration and other possible penalties. Embezzlement occurs when the accused individual improperly takes money from a party they owe a duty to. One typical example is when an employee improperly takes money from the company they work for.
Fraud crimes, including embezzlement, and white collar crimes can occur in a variety of circumstances. It is important for individuals accused of committing fraud-related crimes to understand their criminal defense options and rights. Based on certain situations and circumstances, it is possible to challenge evidence being used against an accused individual in different ways. A strong criminal defense strategy may be able to help reduce or eliminate charges, penalties and consequences the accused individual is facing.
Facing fraud charges of any type may be overwhelming and even frightening for the accused party. As a result, it is helpful for them to be familiar with the criminal defense protections available to them and how to use those protections when facing the uncertainty and fear of criminal charges.
Source: Criminal.findlaw.com, "White Collar Crime," Accessed July 31, 2017