White-collar crimes are often committed by the prospect of financial gain, usually at the expense of another’s ignorance or through the offender’s position in a workplace or another role. These crimes can occur through the misuse of electronics, communication devices, the federal mailing system or another related means. Common white-collar crimes are:
· Tax evasion
· Money laundering
· Securities fraud like insider trading or investor fraud
· Insurance fraud
· Ponzi schemes
· General business scams
These crimes often involve transferring funds or assets electronically or over state lines and, consequently, this sort of transaction turns what may be a state crime into both a state and federal crime.
If you face charges for a white-collar crime, the odds are good that you may see time in a federal court. In fact, the federal government actually has the constitutional authority to regulate and legislate white-collar crimes.
Note also that defenses in which a person charged with a non-white-collar crime may use may also be used by those charged with white-collar crimes. For example, intent to defraud or take advantage of another may come into play in your defense argument.
Consequences and complications
Each white-collar criminal case is unique. Some may involve an entire organization. Others may involve a single person. The crime may start door-to-door and then move to a digital means of communication. The potential for a complex paper trail and ensuing damages is vast.
Basically, issues of misconduct can be difficult to evaluate with white-collar crimes. The issues may become especially more complicated if the government is the victim, which is not uncommon in white-collar cases, rather than an individual or business. As a result, federal courts will likely approach these crimes on a case by case basis.