23rd Nov 2018
A criminal defense attorney in Broward County can explain that a white-collar crime is usually a non-violent offense that involves property and professionals. Business professionals and elected officials are often charged with these crimes. A criminal defense attorney in Broward County can explain common white-collar offenses and how he or she can help you.
Fraud is one of the most commonly charged white-collar crimes. It involves deceiving someone for financial gain. Fraud may include identity theft, internet crimes, ponzi schemes or other offenses. There are various types of fraud, such as:
- Securities fraud – Securities fraud is fraud related to stocks and bonds. It includes insider trading in which someone with confidential information about a company makes investments based on this information in violation of the law. Securities fraud can also be committed by making false statements about a business in order to get an investment.
- Insurance fraud – Insurance fraud occurs when a person makes a false claim for insurance coverage, such as removing something from a home and then claiming it was stolen or committing arson to collect insurance proceeds.
- Mortgage fraud – Mortgage fraud is committed when a person makes a false statement or omission on application or other mortgage documents in order to obtain a benefit from the mortgage process.
Embezzlement involves taking money or misusing funds in their trust. This crime is commonly committed by a person taking money off the top of a business and using it for their personal use. Business managers, employees, elected officials or others may be charged with this offense.
Another common white-collar crime is tax evasion. In this offense, the individual tries to avoid paying taxes, minimizes tax liability or tries to get more in a refund to which he or she is legally entitled. This may be done by filing tax returns claiming dependents improperly, exaggerating expenses or claiming deductions to which the filer is not entitled.
Money laundering involves concealing the source of illegally-obtained funds, such as by placing it in a bank account or using it to support a business.