The term “white collar crime" was coined back in 1939 by Professor Edwin Hardin Sutherland. He explained that white collar crime was committed by a person of respectability and high social status in the course of their occupation. Today, white collar crime covers a broad spectrum of criminal activities, especially considering the advent of new computer technology and the amount of access people have to privy financial information.
In essence, white collar crime is a form of “non-violent" crimes and commercial offenses typically committed by business people, public officials, and con-artists. Common white collar crimes would include: fraud, bribery, stock manipulation, embezzlement, securities fraud, computer fraud, extortion, Medicaid fraud, hedge fund fraud, and mortgage broker fraud among others. White collar crimes can also involve bribery, money laundering and tax evasion. White collar crimes are committed for the purpose of economic or financial gain, and can go undetected for years.
White collar crime is a major problem costing American taxpayers in excess of three billion each year. Due to this fact, numerous regulations have been enacted by both the state and federal government. Now that there are more laws in place, there have been more prosecutions and subsequent convictions. Although many white collar crimes can be committed by someone in the privacy of their own home, many white collar crimes are a “crime of opportunity," meaning they are committed by people who have specialized knowledge that allows them to perform complex and detailed transactions that can be difficult for law enforcement to track.
In nearly all cases, white collar crimes are committed for financial gain. These crimes can be illegal on a state of a federal level, which means they can be prosecuted in the state or federal courts. In fact, if you are under investigation for a white collar crime, you could have a large government entity such as the Federal Bureau of Investigation working on your case. They have access to all types of records and they can obtain digital evidence through a computer forensics investigation.
If you are being investigated for a white collar crime, you should seek legal assistance from a criminal defense attorney immediately. Since there are a wide range of white collar crimes, a lawyer will be able to help you identify what you may be under investigation for, and how to dispute it. Even if you aren’t guilty, but the people who you work with are, you will still need to hire your own attorney. The last thing you would want is for your fellow employees to sink, while taking you down with them. A criminal conviction for a white collar crime could very easily be charged as a felony offense, meaning your personal and professional reputation can be destroyed permanently. You could be facing incarceration, restitution (which could cost millions), fines, and much more. So please, do yourself a huge favor by contacting a seasoned New York criminal defense lawyer as soon as possible so you can have the best chances of overcoming any current or future charges against you!