White Collar Crimes

A white collar crime is a serious charge that may result in severe punishment for offenders. Review the following frequently asked questions to learn more about white collar crime.

Is white collar crime a federal or state crime?

White collar crime can be a federal or state crime. Both federal and individual state governments have laws regarding prosecution of white collar crime. Often federal law enforcement agencies investigate white collar crimes because they tend to be far-reaching across state or international boundaries beyond the jurisdiction of individual states.

What are examples of white collar crimes?

A white collar crime is a crime committed by a high-ranking official or individual with high social standing, usually to achieve some type of financial gain. Examples of white collar crimes include tax evasion, embezzlement, blackmail, money laundering, and intellectual property fraud.

If I am convicted, will I go to jail?

Sentences for white collar crimes vary. Typically, punishment may include imprisonment, fines, and orders for restitution and forfeiture of assets gained through the criminal activity. 

Am I allowed to plea-bargain?

In certain circumstances, a defendant in a white collar crime lawsuit may be permitted to plea-bargain. For instance, if the prosecution decides evidence is required from a participant in the crime to gain conviction against those with higher culpability, that individual may be offered a plea-bargain opportunity.

Are victims allowed to sue me too?

Yes, victims are permitted to bring civil lawsuits against those involved in white collar crimes for repayment of their financial losses. A criminal conviction beforehand may not be necessary for the victims to be successful as the burden of proof in a civil lawsuit is less onerous that of a criminal case.

If you are charged with a white collar crime, it is best to contact a criminal defense attorney as soon as possible.