Different types of criminal offenses come with different types of consequences. For example, white-collar crimes lack an element of violence, but they are still federal-level crimes. This means that a conviction could lead to detrimental consequences that may impact the rest of a Michigan defendant’s life. Federal crimes typically come with the potential for more serious penalties, such as time behind bars, expensive fines and more.
If you are facing accusations of white-collar criminal activities, or you are under investigation for this type of crime, you will benefit from learning more about what you are up against. There is no one-size-fits-all strategy for effectively confronting criminal charges, and it will help you to have an understanding of the charges against you. There is much at stake for you, but you do not have to face it alone.
Understanding white-collar crime
White-collar crimes include offenses committed with the intent of some type of financial gain. In order to accomplish this, one can use different tactics, including fraud, identity theft and more, as a way to access sensitive information or funds. These cases are difficult to investigate and prosecute, and the burden lies with the prosecution to prove the allegations beyond a reasonable doubt. The most common types of white-collar crime include:
- Money laundering — Money laundering is a process that hides the origins of illegally obtained money. Money laundering often has a connection to other types of criminal activities.
- Fraud — Fraud is the use of different types of deceit to seek financial gain. Types of fraud include mail fraud, health care fraud, wire fraud and more. It also includes crimes such as tax evasion.
- Identity theft — This involves taking the personal information of another person without his or her consent or knowledge and using it to access funds, open credit cards and more.
White-collar crime may not seem serious, but it can come with serious consequences. If you are under investigation or facing formal charges, you will benefit from taking immediate action to seek an understanding of your defense options. You are facing the potential for years behind bars, and with so much at stake, it is in your interests to take your situation seriously. Speaking with a legal professional can help you develop an effective defense plan against any type of white-collar criminal allegation.