White collar crimes are some of the most highly publicized offenses. Everyone from the executives at Enron to Martha Stewart have been found at fault and sentenced for their white collar crimes.
White collar crime cases are often met with the full force of both state and federal law. It is estimated that white collar crimes cost the United States more than $300 billion each year. Consequently, the U.S. government takes these crimes very seriously by actively and aggressively pursuing offenders. If convicted, offenders can face serious fines, imprisonment, and damages to their professional reputation. The only way to minimize damages is by hiring a professional and experienced attorney who will vigorously fight on your behalf.
A white collar crime is a financially motivated, nonviolent crime, generally committed through the course of a person’s business. The offender typically uses deception rather than force or violence to achieve their goals. White collar crimes can be charged on either the federal or state level, depending on the crime. There is a vast variety of white collar crimes, some of the most common white collar crimes are listed below.
Mortgage fraud is when a borrower commits an intentional misstatement, misrepresentation, or omission of information on a mortgage application so that they can be approved for a loan. This generally involves falsifying earnings and assets as to deceive a lender.
Securities fraud includes stock manipulation, misstatements on a company’s public financial reports, abusive short selling, lying to corporate auditors, Ponzi schemes, insider trading, or creating dummy corporations used to mislead investors.
Health Care Fraud
Health care fraud generally involves billing patients for services never rendered, filing duplicate claims, altering the dates and descriptions of services rendered, using unlicensed staff, or prescribing unnecessary treatment to maximize payments.
Business fraud often includes stealing from one’s own business and includes theft, embezzlement, accounting fraud and telemarketing fraud.
Any unlawful identity change or unlawfully using another person or non-existing person’s identity classifies as identity fraud. This crime has become increasingly rampant recently with the use of others’ social security numbers and identifications to file fraudulent tax returns, for the benefit of the accused.
Money laundering occurs when a person or business tries to conceal the origins of illegally obtained money, generally by using a “front business” or transferring funds to foreign banks.
These are only a few examples of the many different kinds of white collar crimes that individuals and companies can be charged with. With such a large variety of white collar crimes, it is vital to have an experienced attorney who is familiar with the processes associated with white collar cases as well as with the Florida laws.
White collar crime punishments can be harsh, depending on the severity of the crime, and whether the crime is committed on a state or federal level. Offenders are most likely facing felony charges. Punishments for white collar crimes include:
– An impact on the ability to gain future employment or government benefits
– Loss of professional licensing
– Loss of employment or military service status
– Jail or prison time
– Significant amounts of restitution
– Permanent criminal record
Many times, those prosecuted for white collar crimes were not aware of their own involvement in any illegal activities. No matter the reason you were charged, the most important thing to do is hire an experienced and knowledgeable federal crime lawyer to be there by your side. These offenses often involve elaborate financial matters and a large amount of documentation, which takes a skilled and organized team to defend. At the Khonsari Law Group, we are committed to helping you build the best defense against your charges. Contact us today for your free consultation or call us at: (727) 269-5300.
“Mr. Khonsari worked tirelessly preparing the best possible defense in order to achieve the best possible outcome, which he did. He clearly explained each step of the process, and discussed our options openly and honestly with us. He was never too busy to take a phone call, or to discuss any concerns that we had. He managed to make a situation that was frightening and stressful less so because of his compassion and empathy. I would highly recommend Mr. Khonsari to anyone in need of legal assistance.”