Understanding White Collar Crimes and the Need for Legal Representation
White collar crime is defined as any non-violent crime typically motivated by financial gain. It's committed by those in the government sector or the business industry. When a person is accused of a white-collar crime, there are various motives, reasons, and punishments that might be extended to satisfy the scope of the law in Manhattan. It's imperative you call an attorney if you are involved in or accused of being involved in a white-collar crime. The disciplinary actions taken against those who are found guilty of white collar crimes are significant, and they are punishable by law.
Common Types of White Collar Crimes
What many people don't know is what precisely constitutes a white-collar crime. While there are dozens of offenses that fall into the white-collar crime category, some are more common than others:
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- Securities and investment fraud
- Theft
- Embezzlement
- Property crimes
- Forfeiture
- Consumer fraud
- Health care fraud
- Mortgage and banking fraud
- Tax offenses
- Insurance fraud
- DWI
- Computer crimes
- Intellectual property crimes
When you are accused of committing a crime like this, the best thing you can do is say nothing until you've called one of our experienced attorneys. Your future depends on what we can do for you in a court of law.
Punishments for White Collar Crimes
The discipline for a white-collar crime is severe, even though there is no violence associated with the crime. It's considered one of two different categories in a court of law - either a Category B Felony or a Category C Felony, both of which are serious offenses. What this means for anyone found guilty is the potential to spend anywhere from one year to 20 years in prison, and a fine of up to $100,000.
The future you face, even with a light sentence, is difficult. It's not easy for a person accused and convicted of a white-collar crime to find employment following their sentence, even if it was short. There are no easy ways to get out of a crime like this without it affecting your entire future, which is why you must have a reputable attorney to help you if accused.
Consequences Vary Case-by-Case
Being accused of a white-collar crime means different things for each person. Some convicted may be offered a light sentence in exchange for information about larger crime rings. Some aren't even aware they're involved in a white-collar crime ring. Others are convicted to the fullest extent. Some trials are fast, others can drag on for years.
Hiring a White-Collar Crime Attorney in NYC
Hiring an attorney is not an option, it's a necessity if you want the best defense when accused of a white-collar crime. The best thing is to hire an attorney in Manhattan with experience in the financial sector. An attorney without this knowledge can miss critical aspects of your case.
White-collar crimes are not victimless despite the lack of a visible victim. You need to understand the potential restitution, fines and prison sentence you could face. Call an experienced white-collar crime attorney in NYC today.