White collar criminal offenses are committed every year. In some cases the wrongdoer is found. Other times, such actions go unnoticed. In other cases, the defendant may be targeted by someone who actually committed the crime and is trying to avoid detection.
When an individual is discovered taking part in white collar criminal activities, she or he might have to deal with a range of state or federal charges. Numerous such charges are classified as serious felonies.
Origin of White Collar Crime Classifications
Professor Edwin Hardin Sutherland coined the term "white collar crime" in 1939. Professor Sutherland said that white collar crime was a crime that is committed by a person who is usually in a reputable position in society and typically has a high social status based upon his/her occupation.
Today's Definition
Today, white collar criminal offenses encompass a broad spectrum of criminal habits that are frequently used to acquire some financial gain. These criminal activities are considered nonviolent in nature. With today's brand-new innovation, many white collar criminal activities are perpetrated by utilizing computer and other technology, frequently to gain access to private financial details.
Common Types of White Collar Crimes
Insider trading, securities fraud, hedge fund scams and stock manipulation are white collar criminal activities that may be perpetrated when stocks or bonds are involved. Computer scams, wire fraud and mail fraud might likewise be the result of white collar criminal offenses. These crimes are some of the most common types of white collar criminal activities.
Unique Characteristics of White Collar Crimes
white collar crimes might go unnoticed for several years. This permits white collar lawbreakers to benefit off of prohibited techniques for a significant amount of time. Typically, when these criminal activities are done, it is because of being a crime of chance. These criminal offenses often involve people who have special knowledge that gives them the opportunity to perform intricate transactions that law enforcement or regulators might find problem to track.
Result of White Collar Crimes
While some individuals think that white collar bad guys must not be punished as harshly as other crooks due to violence not being included, the results of white collar crimes might be extreme and long-lasting. Sometimes a person's whole life savings is erased. In other cases, widespread tactics cause hundreds or thousands of individuals to lose hard-earned cash. Companies might submit personal bankruptcy due to the effect of an unscrupulous lawbreaker. The yearly toll of white collar crimes is more than $3 billion.
Prosecution of White Collar Crimes
Due to the substantial impacts of white collar criminal activities, numerous regulations have been enacted to curtail such events. This distinct particular ways that the criminal activities may be prosecuted in state or federal court.
Being under federal examination is typically an unfavorable experience for defendants who find the full blast and disposal of resources that the federal government can use. Frequently in white collar offenses, federal agents invest months into comprehensive investigations. They might obtain digital proof and other info through a detailed computer forensics examination.
Legal Assistance
Individuals who are being examined for a clerical offense may decide to get in touch with a criminal defense attorney knowledgeable about white collar criminal activities. He or she can help an individual recognize the potential charges that an accused might be under based on the situations and possible methods to defend against them. It might even be essential for a person to work with a criminal defense lawyer even if she or he is innocent of a crime but his/her colleagues or associates are since he or she might really easily be caught up in the investigation.
About Yampolsky & Margolis Attorneys at Law
Las Vegas, Nevada lawyer, Mace Yampolsky, has been helping people with criminal law learn more related issues including Murder, Drugs, DUI, Domestic Violence, Fraud, Theft, Child Abuse, Sex Crimes, Juvenile Criminal Law and Criminal Appeals since 1981.
For more information contact:
Yampolsky & Margolis Attorneys at Law
625 S 6th St
Las Vegas, NV 89101
(702) 385-9777
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