Business and government professionals can commit a range of frauds that are commonly referred to as “white-collar” crimes. Although these crimes are not violent, they are not without victims. A violation of trust, an act of deceit and concealment, may constitute a white-collar crime.
Standard motivation behind white-collar crime
The motivation behind a white-collar crime is always financial. Illegal actions taken to gain business or personal advantage, secure a service, obtain money, or prevent the loss of money all constitute a white-collar crime.
Some of the worst white-collar crimes in history have brought down companies, erased family savings, and small businesses, and cost rich investors billions. Many of these crimes go unpunished for a long time, which is why the FBI takes a particular interest in them.
What to do if accused of committing a white-collar crime
The first thing you should do if you ever find yourself accused of a financially motivated, nonviolent crime is to seek the services of a Houston white collar lawyer. This type of accusation is not something you should ever take lightly. The earlier you retain a lawyer well-versed in these cases, the higher your chances of being acquitted or getting a lower penalty. Remember, your freedom and your future — along with your family’s future — might be riding on how you choose to handle the case against you.
Common types of white-collar crime
To give you a better idea of what could get you in trouble with the law, here are some of the most common types of crimes that are considered white-collar in nature.
- Falsifying financial information such as in accounting and taxes, trying to inflate profits, and avoiding regulation through illegal means
- Insider trading and self-dealing
- Not declaring accurate list of assets
Most perpetrators of white-collar crime are aware of how their actions may impact families and communities and even the country. The U.S. government doesn’t take too kindly on this; take your case seriously because the courts definitely will.