Common Myths Regarding White-Collar Crime 

 Posted on December 06, 2022 in Criminal Law

You are likely aware of the term “white-collar crime.” Generally speaking, white-collar crime refers to financially motivated crimes such as mail fraud, wire fraud, insurance fraud, forgery, embezzlement, and more. Many people do not know that while white-collar crimes are not violent, they are very serious and can be exceedingly complex. Just because a crime is not violent does not make it a non-serious offense. 

White-collar crimes can bring with them hefty fines and lengthy prison sentences. This blog will look at common myths associated with white-collar offenses and how to avoid falling victim to common misconceptions. At the outset, we cannot stress enough that if you have been charged with a white-collar crime, it is critical that you contact an attorney at once to put yourself in the best position possible to pursue a positive result in your favor.

Two Common White Collar-Crime Myths

White-collar cases can be just as, if not more complex than, violent offenses. As a result, various myths are thrown around regarding white-collar crime. These myths may include the following:

• White-collar offenders are always wealthy – This is entirely false. While it may be true that many white-collar crimes can involve people working in the financial sector trying to defraud companies or investors for large sums of money, this is not always the case. For instance, if a cashier skims the register for cash after a shift, this is considered a white-collar crime.  

• White-collar offenders do not go to prison – This is false. White-collar offenders are frequently subjected to prison time. Sentences can range from one year to three years, all the way to multiple decades behind bars. Sometimes, an individual may face federal charges for committing a white-collar crime. In such situations, the accused will face time in federal prison. When it comes to prison time, the court will likely consider how many people were affected by the alleged fraud and the amount of money involved in the crime. The more people affected and the higher the dollar amount, the more severe the penalty will be.

Contact an Orland Park White-Collar Crimes Attorney

As stated previously, white-collar crimes can be highly complex. If you have been charged with a white-collar crime and are interested in putting yourself in the best position possible for a positive outcome in your favor, consult with an experienced Orland Park white-collar crime lawyer Khaled Issa. With many years of experience, he will work to defend you and your rights aggressively. Call Issa Law, LLC at 708-966-2408 for a free consultation.

Source:

https://www.washingtonpost.com/outlook/five-myths/five-myths-about-white-collar-crime/2017/11/03/5793fb3a-be6e-11e7-97d9-bdab5a0ab381_story.html