A conviction for federal white collar crimes can have harsh consequences. Whether you face accusations of fraud, money laundering, embezzlement, or other crimes, you could face years in federal prison, high fines, and restitution orders. If you become aware that you are the subject of a federal criminal investigation, you may wish to consult with a Dallas white collar crime lawyer immediately.

Federal government officials aggressively pursue these offenses due to the widespread damage that they can do to the economy. A skilled criminal defense attorney may be able to explore the legal options that are available to you and advise you of the potential penalties you could face if convicted.

Common Examples of White-Collar Crimes

White-collar crimes are generally financially-motivated actions by higher-class individuals. These offenses usually occur when business people, professionals, businesses, or persons otherwise in positions of trust use deceit to carry out a scheme for financial gain. Although these crimes do not usually involve an element of violence, they do have the capacity to result in harsh penalties under federal law.

Some common examples of offenses classified as white-collar crimes include:

  • Embezzlement and conspiracy
  • Mail and wire fraud
  • Money laundering
  • Cybercrimes and identity theft

Other white-collar criminal offenses include bank fraud, health care fraud, mortgage fraud, and tax fraud. Although these crimes could fall under either state or federal law, prosecution often occurs in federal court due to the interstate nature of many offenses. The U.S. Sentencing Guidelines may recommend harsh punishments for persons convicted of federal white-collar crimes.

Potential Penalties

The potential penalties for federal white-collar crimes vary from one case to the next, based on the circumstances, prior criminal history, and the value of the funds or property involved. Generally, people convicted of white-collar crimes may face:

  • Incarceration
  • Fines for restitution
  • Court costs

Additionally, there may be serious collateral consequences. For example, professionals may lose their licenses and thus the ability to work in their chosen industry in the future. Convictions also create a permanent criminal record that can appear on background checks by prospective employers, landlords, and more.

When the offense involves a large sum of money, white-collar criminal charges may be felonies. Felony convictions can strip individuals of some civil rights, such as the right to possess a firearm or ammunition. For help minimizing the severity of these penalties, individuals may wish to contact a white collar lawyer in Dallas at their earliest convenience.

Federal Investigations

Government regulatory agents or criminal investigators may contact individuals suspected of committing white-collar crimes. While it may seem like a good idea to sit down with investigators, answer their questions, and provide them with information, it may actually be a mistake. To avoid self-incrimination, communication with authorities is best conducted through an experienced Dallas white collar attorney.

The financial nature of most white-collar crimes can make these investigations extremely complex, and suspects may feel overwhelmed and unsure how to proceed. Obtaining legal representation as early as possible in the investigation may be a positive step towards a swift resolution.

Enlist the Help of a Dallas White Collar Attorney

White collar crimes are often serious felony offenses under federal law, which means the potential penalties can be extremely damaging to your family, your reputation, and your job prospects in the future. Consulting with a Dallas white collar lawyer at the onset of your case could make a substantial difference in the outcome.

Facing accusations of involvement in complicated financial schemes can be overwhelming and intimidating, especially when the federal government is involved. Taking a calculated, proactive approach to any ongoing federal investigations with the help of experienced legal counsel may be the best way to resolve your case positively.

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