White Collar Crime

Most people believe in the old adage, “If you do the crime, you should pay the time.” However, when people quote this adage, they usually have a blue collar worker in mind, if the person even has a job at all. The world fails to realize that someone in a tailored suit can commit far greater crimes and these crimes usually affect more than one person. People fail to recognize white collar crimes because white collar criminals do not look like “typical” criminals. However, white collar crimes happen at a far greater rate than people believe, and if you have been charged with a white collar crime, obtaining an experienced San Diego white collar criminal attorney to help with your case is important.

What is a White Collar Crime?

White collar crime refers to financially motivated nonviolent crimes committed by business and government professionals or a crime committed by a person of respectability and high social status in the course of his occupation. During June 2015, the government reported 592 new white collar crime prosecutions. Though this number may seem considerable, this number is down by 19.9 percent in more recent years.

What are the Different Forms of White Collar Crime?

White collar crimes typically include:

  • Fraud is deliberate deception to secure unfair or unlawful gain.
  • Bribery is the act of giving money, goods, or other forms of recompense to a recipient in exchange for an alteration of their behavior that would otherwise not alter.
  • Ponzi schemes are fraudulent investment operations where the operator, an individual or organization, pays returns to its investors from a new capital paid to the operators by new investors, rather than from profit earned by the operator.
  • Insider trading is the trading of a public company’s stock or other securities by individuals with access to nonpublic information about the company.
  • Embezzlment is an act of dishonestly withholding assets for the purpose of conversion (theft) of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes.
  • Cyber Crime is computer crime or any crime that involves a computer and a network.
  • Copyright infringement is the use of works protected by copyright law without permission, infringing certain exclusive rights granted to the copyright holder, such as the right to reproduce, distribute, display, or perform the protected work, or to make derivative works.
  • Money laundering is the process of transforming the proceeds of crime into ostensibly legitimate money or other assets.
  • Identity theft is a form of stealing someone’s identity in which someone pretends to be someone else’s by assuming that person’s identity, usually as a method to gain access to resources or obtain credit and other benefits in that person’s name.
  • Forgery is the process of making, adapting, or imitating objects, statistics, or documents with the intent to deceive or earn profit by selling the forged item.

For each of these crimes, the burden is on the prosecution to prove intent and the elements of the crimes beyond a reasonable doubt. Though the consequences vary depending on the crime, the offenses vary from imprisonment to considerable crimes.

Need Legal Advice?

If you are a loved have been charged with a white collar crime it is important to seek legal advice. Obtaining an experienced San Diego white collar crime attorney at Ozols Law Firm can be beneficial to your case. We are here to look into your case to determine the best course of action to take. Contact us today for your free consultation.