According to the Justice Department, in January 2016 alone, the government reported 325 new white collar crime prosecutions. There’s no denying the tough stance law enforcement officials are taking here.
White-collar crimes include all sorts of criminal activities carried out by government and corporate professionals in a non-violent manner. These crimes are typically committed for substantial financial gains.
In the complex economy today, financial crimes come in various different forms. Therefore, it is important to detect the first signs of unlawful behavior, to save your time, money and status.
Here are a few things you need to know about white-collar crimes:
Definition Of White-Collar Crime In California
According to the state of California, white-collar crimes are characterized by the following:
- Abuse of trust
These crimes are not characterized by use of physical force or violence or threats.
The Various Types Of White-Collar Crimes
The growing integration of technology in business and the economy becoming more complicated every day means white-collar crimes now come in all shapes and sizes. The most common types are:
- Pension fund crimes
- Digital crimes
- Environmental crimes
What Penalties Could Individuals Face For White-Collar Crimes?
If you or any other individual becomes a part of white-collar crimes, you could be subjected to the following penalties:
- Prison time
- Community confinement
- Home detention
However, as most of these crimes are non-violent, penalties can be reduced with the cooperation of the defendant.
Legal Defenses Used Against White-Collar Crimes
An individual who commits two or more felonies, a prominent element of which is white-collar crime and involves a consistent pattern of related felony conduct, that results in the loss of another entity or person amounting to more than $100,000, shall be punished upon conviction of two or more than two related felonies in one criminal proceeding.
A ‘pattern’ of related felony conduct means two or more felonies that have a similar purpose, consequence, approach, channels and victims. These activities could also be interrelated by distinct characteristics that also show they are not isolated events.
If the individuals two more convictions in a series of charges like embezzlement, fraud and forgery, they could be sentenced to an additional punishment of 2 to 5 years in prison.
We understand that, at times, a defendant might be innocent and may be accused of committing a crime by complete mistake. Whatever it is, you deserve your best shot at justice. Contact us to get in touch with our white-collar crime attorney in Torrance and allow us to protect your rights.