What are white collar crimes?
Are you under investigation for a white collar crime in Minneapolis? White collar crimes are unique, set apart from other types of crime. These crimes are never violent in nature but instead they are committed solely for personal financial gain. Edwin Sutherland was the man who first defined white collar crimes in the realm of criminology. It was first coined back in 1939, officially explaining a “crime committed by a person of respectability and high social status in the course of his occupations.” These are not your everyday, average criminals; they have very different motives and aspirations.
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Crime exists everywhere, even in high society and studies show that many white-collar criminals don’t get caught, simply because people would never even suspect it. Blue-collar criminals however, are typically poor and come from and underprivileged background. These people are the majority of criminals that fill up our jails. Their crimes more likely consisted of assault, theft, rape, drugs or murder charges, whereas white collar criminals are more likely to commit forgery, fraud, embezzlement, or money laundering of some sort. White collar crime is very similar to corporate crime where the entire corporation is made up of white collar criminals and the business entity as a whole is condoning illegal activity.
When studying white collar criminals, it is easy to see why they are harder to track down and catch in the act. These people are highly educated, confident, and socially prominent figures in society and they have a level of affluence. Typically with white collar jobs, individuals are left responsible for high sums of money, so it is easy to see why these crimes are financially motivated for personal gain. White collar criminals are also highly respected and esteemed individuals, making it easier for society to turn a blind eye and justify their illegal activity.
Types of White Collar Crimes
The overall category of white collar crimes would most likely fall under some form of fraud. White collar crimes may include:
- Fraud (Credit card, mortgage, insurance, computer, internet, tax)
- Identity theft
- Insider trading
- Stock market crimes
- Ponzi schemes
- Tax evasion
- Money laundering
- Price fixing
With crimes of this nature, it usually means that the victim of the crime never came into contact or was ever in physical danger or harm. White collar crimes are usually commissioned through schematic plans that occurred over time and went on virtually unnoticed by surrounding people. If you have been accused of a white collar crime, that means that someone has found evidence against you, has caught onto the scheme and is now feeling the financial effects of this crime. It is vital that you obtain an experience and qualified attorney to evaluate the evidence against you and formulate a compelling defense case on your behalf.
What are the penalties?
These crimes can be charged as a misdemeanor or a felony offense, all depending on the severity of the crime, the amount of money that has been defrauded, the number of people that were financially harmed, and if the defendant(s) had any prior convictions. If you are convicted, you could be facing years in jail or prison, steep monetary fines and payments of recompense to the crime victims. These crimes may seem harmless to some, but they are not to be underestimated. The law is known to be harsh and unforgiving on white collar offenders and these crimes can carry heavy sentences. The courts are cracking down on this kind of theft and since 2007, they have reinforced the penalties to make them more severe. Today, if a white collar crime results in a $35,000 loss or more, the perpetrator could be looking at 20 years behind bars and a monetary fine of $100,000. That is why you need a hard-hitting defender on your side to help protect your rights and defend your best interests.
Need an attorney for a white collar crimes case in Minneapolis?
When going up against tough prosecution, it is imperative that you obtain even tougher criminal defense. Your choice of legal representation could mean the difference between freedom and incarceration. Looking for a lawyer for a white collar crime case in Minneapolis?
At Martin Law Offices, they provide fierce and dedicated legal counsel and they are willing to go the distance for their clients. The lead attorney, Matthew Martin, offers unsurpassed criminal defense and he will do everything in his power to have your charges reduced or discharged completely. When it comes to your future, your reputation, your career and your future, don’t leave anything to chance. Need a lawyer for a white collar crime case in Minneapolis, MN? Enlist tried and true defense and contact the Minneapolis firm today!