The word “crime” is often associated with violent actions. However, this is not always the case, as there are many criminal activities that are not of a violent nature. While this is true, they are still very serious crimes. This includes white-collar crimes. For a long time, these crimes rarely had any consequences, as they were seen as victimless. This notion has changed over time. Someone convicted of a white-collar crime faces possible jail and high fines. Those who are facing a conviction for a white-collar crime should retain the services of an experienced attorney.
Common White Collar Crimes
White-collar crimes are committed by high-profile individuals. It is because of this that they are often seen by those in professions such as business, finance, or government. The most common white-collar crimes can include the following:
- Ponzi schemes: A form of fraud in which people pay into a nonexistent enterprise with the belief that it will succeed and they will receive quick returns on their investment.
- Extortion: When one party threatens another to give them money. The two most common types of extortion are blackmail and business extortion.
- Embezzlement: When an individual misappropriates assets that are entrusted to them.
- Corporate fraud: When information is falsified in order for a company to save or make money.
- Bankruptcy fraud: If an individual or business faces debts that they are unable to pay, they may file for bankruptcy. In the event that certain documents and information are hidden from the bankruptcy court, it is considered fraud.
When a person is charged with a white-collar crime, the case is generally heard in Federal Court. It is because of this that potential offenders can face federal sentencing guidelines if they are found guilty and convicted. Federal sentencing guidelines were established by the United States Sentencing Commission in order to ensure consistency in sentencing decisions made by different judges. This ensures that a sentence is systematic and alike for simiarly-situated offenders. The guidelines determine the offender’s penalty based upon their criminal history and the nature of the white-collar crime for which they are convicted. There are 43 offense levels, 6 criminal history categories, and 4 sentencing zones that determine federal punishment. If convicted, offenders may be sentenced to imprisonment, restitution, home detention, forfeitures, heavy fines, and more.
Contact our Firm
If you or someone you know was charged with a white-collar crime and wishes to speak with an experienced attorney, contact REM Katcher Law Group P.C. today.