White collar crimes are committed by a person of respectability and high social status in the course of his occupation.” A white collar criminal therefore is a socially and economically sound person who violates the criminal laws in due course of his performing professional qualities. White-collar crime, therefore, overlaps with corporate crime because the opportunity for fraud, bribery, elaborate ponzi schemes, insider trading, embezzlement, computer crime, copyright infringement, money laundering, identity theft, and forgery are more available to white-collar employees. It’s not a victimless crime. A single scam can destroy a company; devastate families by wiping out their life savings, or cost investors billions of dollars.
Types of white collar crimes- Bank fraud
- Blackmail
- Bribery
- Cellular phone fraud
- Computer fraud
- Counterfeiting
- Credit card fraud
- Currency schemes
- Embezz1ement
- Environmental Schemes
- Extortion
- Forgery
- Health Care Fraud
- Insider Trading
- Insurance Fraud
- Investment Schemes
- Kickback
- Larceny/Theft
- Money Laundering
- Racketeering
- Securities Fraud
- Tax Evasion
- Telemarketing Fraud
- Welfare Fraud
- Weights and Measures
The penalties depends upon the crime done by the people, because most of the time it will be a monetary fine, a prison sentence or both. It may go upto the maximum penalties which are quite severe nowadays. Most defendants, however, receive less than the maximum sentence. Courts often follow sentencing guidelines, which may vary depending on the jurisdiction. Defendants without a significant criminal record may be sentenced to probation, a suspended jail sentence or a jail sentence far shorter than the maximum. They may have fines levied against them, and may be required to forfeit any profits or pay restitution to their victims.
In addition to criminal and civil penalties, a person who is convicted of a white collar crime may have difficulty finding employment and face social stigma. Because so many white collar crimes involve deceit or dishonesty, employers may be reluctant to hire an individual who has been convicted of such a crime. In addition, a criminal conviction may prevent a person from obtaining a professional license or be cause for losing such a license.
Because of the consequences of the theft conviction, it is crucial to hire a Houston criminal defense lawyer. Neal has experience and expertise in these types of cases. Many times, he has prevented theft offenses from being charged or has gotten them dismissed or reduced. He is one of the best Houston tx criminal attorneys from the Houston criminal lawyer
