We FIGHT For Your Future
A boxer is in a fighting stance
  1. Home
  2.  » 
  3. White Collar Crimes
  4.  » What are the categories of white collar crime?

What are the categories of white collar crime?

On Behalf of | Sep 12, 2014 | White Collar Crimes |

Do you know the types of crimes that are considered “white-collar” violations? In most situations, white collar crimes involve financial misdeeds that are often attributed to those with larger personal resources. However, this category of crime comprises a wide variety of violations for North Carolina defendants. Today, we learn more about the most common types of white collar crime.

Many white collar crimes fall under the category of fraud. Securities fraud is one of the most common — consider Martha Stewart’s conviction for insider trading, for example. Executives who provide advantageous earnings information to interested parties may be violating the law. Securities fraud also occurs when company representatives knowingly misstate key facts about the company in order to lure in investors. Mortgage fraud and insurance fraud also fall under this umbrella.

Did you know that tax evasion is considered a white collar crime? Although many people who avoid paying taxes may not be considered rich, they are still committing a serious violation. Criminal tax evasion occurs when a defendant is accused of avoiding taxes that would otherwise be owed. This can include filing documents with false information and illegally transferring property. Individuals and businesses can both be accused of tax evasion.

What other types of white collar crimes exist? Embezzlement is also considered a white collar crime. Someone accused of embezzlement is thought to have improperly taken money from someone with which there is a professional relationship. Workers who take money from their employers may be accused of embezzlement.

All of these white collar crimes can lead to serious penalties, up to and including jail time. Without the assistance of an experienced legal team, defendants may find themselves facing significant consequences. Defendants who are accused of white collar crime deserve to have their legal rights protected in court by an experienced team of professionals.

Source: FindLaw, “White Collar Crime” Sep. 09, 2014

Archives

FindLaw Network
More than 50 years of combined experience

110+
years of combined experience

AV | Martindale Hubbell | Preeminent | Peer Rated For Highest Level Of professional Excellence | 2021

5
lawyers rated Preeminent through Martindale-Hubbell*

Martindale-Hubbell-client-champion-platinum-2021

4
years our founder has received the Client Champion – Platinum award by Martindale-Hubbell*

Let Us Help You

Put our team of criminal defense lawyers on your side today. You are one phone call or email away from getting your questions answered by an experienced defense attorney.

Call us at 877-880-5753 to set up a free consultation or send us an email.

Fill out the form below for a Free Consultation.