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White collar criminal charges are serious

On Behalf of | Jun 19, 2020 | Firm News

White collar crime generally refers to a category of fraud crimes. Serious penalties can be associated with white collar crimes which is why accused individuals need to be prepared to defend themselves against the charges they are facing.

To begin with, it is important to be familiar with what types of charges white collar crime refers to. White collar crimes are typically fraud crimes which refers to a category or crime in which deceptive practices are used for monetary gain. There are a variety of different types of white collar crime which can include embezzlement, securities fraud, tax evasion, money laundering and even identity theft. An example of securities fraud can include insider trading. Another example of white collar crime is running a Ponzi scheme to defraud investors. These types of criminal allegations can come with serious consequences.

One of the most well known types of white collar crime is embezzlement. Embezzlement refers to the misappropriation of funds. In situations of alleged embezzlement, the accused individual is lawfully in possession of the property but may use it for a purpose they are not lawfully permitted to use it for. One example of embezzlement is an employee who misappropriates funds from their employer.

White collar criminal charges require a strong criminal defense strategy. Knowledge of criminal defense options and criminal defense rights, and how to assert them, are equally important for accused individuals to be familiar with when they are facing accusations of white collar crime such as stealing from their employer or insider trading.