Federal white-collar crimes usually involve businesses and fraud, and these cases tend to be complicated because of the nature of the alleged acts. There may be mountains of evidence to sift through or complicated financial transactions to unravel. If the government is investigating you, you may find that you need an experienced, detail-oriented attorney on your side.
A Fort Worth white collar lawyer could provide valuable legal advice and guidance through the federal case process. With an experienced representative by your side, you could build a strong defense and fight to protect your interests.
What are White Collar Crimes?
Typically, white collar crimes are nonviolent offenses motivated by financial gain and committed by those in business or government. Some common offenses include:
- Unauthorized use of company assets
- Money laundering
- Copyright infringement
- Insider trading
- Identity theft
These actions may be federal or state crimes, depending on the facts surrounding the act, where it took place, or what statute was at issue.
Potential Penalties and Long-Term Consequences
Prison and Fines
If a court convicts a person of a white-collar crime, they may be at risk for lengthy jail sentences and huge fines, especially if the federal government prosecutes the offense.
On top of jail and fines, a person may also need to make restitution. As noted in 18 USC §3663, this means the target of the fraud or their estate may receive money for their losses. Costs can include medical expenses, the value of the destroyed property, or actual loss suffered by the victim.
If the government accuses an alleged actor of embezzling money or misappropriating company property, the court may order that person to forfeit any items used in the commission of a crime. This means that if a person made money through fraud, the government could seize that money upon conviction.
It may be difficult to obtain employment after the government convicts a person of a white collar crime. Most white collar crimes involve dishonesty and fraud, and many employers do not want to hire someone who committed an act of moral turpitude. Some jobs cannot be performed by someone who has a fraud conviction on their record, and sometimes companies must disclose to shareholders that an employee has a criminal record. Additionally, certain professional licensing organizations will not grant admission to a convicted person.
Get More Information from a Fort Worth White Collar Attorney
Federal white-collar charges are often preceded by a long period of investigation. If you suspect that the FBI or police are investigating you, you may wish to enlist the help of a knowledgeable attorney as soon as possible. Depending on the facts of your case, a defense attorney may be able to approach the government first and resolve the situation before the police file charges.
A Fort Worth white collar lawyer could also help you develop an aggressive defense plan and give you information about any possible charges and penalties. With advice from a seasoned federal criminal attorney, you could make an informed decision about how to proceed. Call today for more information.