What are the Consequences of a White-Collar Crime?

Oftentimes, people associate criminal activity with violence. However, there are many crimes that do not involve violence. This includes what are known as white-collar crimes. While these crimes were previously seen as victimless and held few consequences, they can now result in jail time and fines. Continue reading below to learn more and contact an experienced New Jersey criminal defense attorney for help with your case.

What are Common White Collar Crimes?

White-collar crimes tend to be committed by high-profile individuals. These actions are often committed in business, finance, or government professions. The most common white-collar crimes include the following:

• Ponzi schemes: A form of fraud where people pay into a nonexistent enterprise, believing it will succeed and they will receive quick returns on their investment.
• Extortion: When one party threatens another to give them money. 
• Embezzlement: When an individual misappropriates assets they are trusted with.
• Corporate fraud: When information is falsified so a company can save or make money.
• Bankruptcy fraud: When individuals or businesses can face debts they are unable to pay it can lead them to file for bankruptcy. If certain documents and information are hidden from the bankruptcy court during this time, it is considered fraud. 

What is Federal Sentencing?

Generally, white-collar crimes are heard in Federal Court. This means the individuals facing these charges can also face federal sentencing guidelines if they are convicted. Established by the United States Sentencing Commission, these guidelines exist to ensure consistency in sentencing decisions that are made by different judges. The penalties chosen are based upon their criminal history and the nature of the crime they committed. It is important to know there are 43 offense levels, 6 criminal history categories, and 4 sentencing zones that determine federal punishment. If a person is convicted, they may face consequences such as imprisonment, restitution, home detention, forfeitures, heavy fines, and more.

Contact our Firm

Kevin T. Conway is an experienced Bergen County criminal attorney handling DUI, DWI, traffic violations, violent crimes, sex crimes, illegal gun possession, shoplifting, and juvenile crimes. Attorney Conway is also experienced in commercial law matters, zoning law, and estate planning. If you need an aggressive criminal lawyer, contact The Law Office of Kevin T. Conway for a free consultation.