Different Types of White Collar Crimes
White collar crimes are the growing concern for the US law enforcers. They have tried to control this type of crime by making stricter laws and better surveillance. This crime refers to the non violent crimes which involves lying, cheating or stealing. Most of the times, this offense occurs in large corporate sectors. There are different types of white collar crime. Embezzling, money laundering, tax evasion, fraud and other types of non violent yet severe crimes are considered as white collar crime.
Embezzling – Embezzling is stealing money or taking possession of wealth for which the perpetrator has been entrusted. This offense occurs often enough and this is also very critical. If you do not have any idea about this offense, you may get involved without your awareness. The penalty regarding embezzling is pretty harsh and you will not be spared even if you are innocent.
Money laundering – Money laundering is a process which enables the launderer to turn illicit money into legally obtain money. There is three stages of money laundering – placement, layering and integration. The launderer first obtains the money by illegal means, like blackmailing or kidnapping. Then the launderer places the money into some financial institution like bank. After this the launderer sends the money out of the country to create distance between the source and the money. In the last stage, the launderer brings the money back to the source and makes it look like legal money. Like embezzlement, money laundering is also a punishable offense.
Tax evasion – Tax evasion is a severe offense. This one refers to failure to file tax return. Also when someone lies while filing tax return, the person can be charged with tax evasion. This is a severe offense. If you are arrested for this offense, you will face huge fine and even imprisonment.
If you are charged with any one of the above mentioned offenses, you should seek immediate legal help. Get in touch with an experienced white collar crime attorney. He/she will prepare the defense for you. Do not think that the prosecutor will go easy on you, because you are innocent. They have no idea that you have been framed. Therefore, to their eyes, you are guilty and you will be prosecuted as severely as any other criminal.
Before you hire someone, make sure to research the background of the attorney. Do not neglect this as having the right attorney is important for your lawsuit.
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