When facing white collar criminal charges, it is important for accused individuals to be familiar with the different types of white collar criminal charges. White collar crime refers to a category of crimes that carry serious potential penalties and consequences which is why accused individuals should be aware of the different types of white collar crime. Penalties those accused of white collar criminal charges may be facing including incarceration and fines.
In common, white collar crimes typically involve the use of deceit and are motivated by financial gain. White collar crimes include fraud, securities fraud, such as insider trading, embezzlement, tax evasion, money laundering and ponzi schemes. Fraud crimes generally involve deceiving another party for monetary gain. Securities fraud is a common type of white collar crime.
Securities fraud occurs when an individual with inside information trades on that information when investing in violation of some duty or obligation. Securities fraud also occurs when a party seeks an investment based on a knowing misstatement of the financial health of a company or the prospects of the company. Embezzlement occurs when a party is accused of taking money from someone they owe a duty to such as an employee taking money from an employer.
White collar criminal charges are taken serious by the criminal justice system, which is why accused individuals need to know how to protect themselves from white collar criminal charges, allegations and accusations. Criminal defense legal protections can help accused individuals defend themselves against the potentially harsh consequences associated with white collar criminal charges.