The term “white collar crimes” tends to bring up thoughts of Ponzi schemes, insider trading, and embezzlement. However, there are many other types of white-collar offenses, such as mortgage fraud, bankruptcy fraud, even insurance fraud. An El Paso white collar lawyer could provide you with legal counsel and representation if you face criminal charges.
It is possible to be charged with a white-collar crime even if you had no intention of breaking the law. For example, you could be charged with insurance fraud based on discrepancies in a claim, even if it was merely a mistake. Fortunately, an experienced criminal attorney could prepare a legal defense in such a situation and help you fight the charges.
Common Types of White-Collar Crimes in El Paso
Many different types of criminal offenses are categorized as white-collar crimes. Some of the most common examples include:
- Mortgage fraud
- Bankruptcy fraud
- Insurance fraud
- Corporate fraud
- Money laundering
- Tax evasion
No matter what type of criminal charges a person might be facing, an El Paso white collar attorney could protect their legal rights and fight for a positive outcome.
Federal Versus State Prosecution
White-collar crimes could be prosecuted at the state or federal level, depending on the circumstances. Many of these offenses cross state lines or are direct violations of federal laws, so they are prosecuted at the federal level rather than the state.
For example, Ponzi schemes and other types of corporate or investment fraud are typically prosecuted at the federal level, as are offenses involving various other types of fraud. A white collar lawyer in El Paso could represent individuals facing state or federal prosecution.
Potential Penalties Upon Conviction
The United States Code: Crimes and Criminal Procedure specifies the penalties associated with convictions for different types of white-collar offenses. For example, bankruptcy fraud is punishable by up to five years in prison, a fine, or both. Certain types of mortgage fraud are punishable by incarceration for up to one year, a fine, or both.
Embezzlement of more than $1,000 by a bank employee is punishable by up to 30 years in prison and a fine of up to $1,000,000. If the amount allegedly embezzled was less than $1,000, then the penalty is incarceration for up to one year and a $1,000 fine. A white-collar attorney in El Paso could explain the potential penalties associated with a particular charge.
Speak with an El Paso White Collar Attorney
Being charged with a white collar crime is often unexpected, and the experience can be overwhelming. Federal prosecutors often fight tirelessly for a conviction, and they may have significantly more resources available than state attorneys. The best thing to do in such a situation is to contact an El Paso white collar lawyer as soon as possible.
A criminal defense attorney could provide critical legal advice and help determine what steps to take next. At every step of the process, they could stand by your side and fight for a positive resolution. Call today to set up a consultation.