White collar crime is defined as any crime that’s nonviolent and 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 a white-collar crime or accused of being involved in one. The disciplinary actions taken against those who are found guilty of white collar crimes are significant, and they are punishable by law.
White Collar Crimes
What many people don’t know is what precisely a white-collar crime consists of. While there are dozens of offenses that fall into the white-collar crime family, there are some that are more common than others.
– Securities and investment fraud
– Property crimes
– Consumer fraud
– Health care fraud
– Mortgage and banking fraud
– Tax offenses
– Insurance fraud
– 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. It can be a Category B Felony or a Category C Felony, both of which are serious offenses. What this means for anyone found guilty of these crimes is a chance to spend anywhere from one year to 20 years in prison, and it can be a fine of as much as $100,000.
The future you carry even with a light sentence is destitute. It’s not easy for a person accused and convicted of a white-collar crime to find a job following their sentence, even if it was a short one. 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 good, reputable attorney to help you in case you are accused.
Being accused of a white-collar crime is different for each person, and it means many things. Some people convicted of a crime like this might be offered a very light sentence and little punishment in exchange for information about larger white-collar crime rings. Some aren’t even aware they’re in the middle of a white-collar crime ring, and they’ll be asked for information regarding this. Others are convicted to the fullest extent of the law. Some trials are fast and easy, and others can drag out for years without any result.
Hiring a White-Collar Crime Attorney
This is not something you do because you want to, you do it because you must. It’s not an option if you want the best defense when you commit a crime or are accused of committing a crime. The best thing you can do for yourself is hire an attorney in Manhattan who has experience, who has the means, and who understands the financial sector. An attorney without this knowledge can miss things in your case, miss out on ways to minimize your punishment, and miss ways to get you out of trouble for your issues.
White-collar crimes are not victimless despite the lack of a visible victim, and that’s the mistake many people make in assuming they can get away with something like this. Now is the time to understand the restitution and other fines you might pay, as well as the prison sentence you could be sentenced to. Call an attorney.