Types of White-Collar Crimes
"White-collar crime" refers to a wide variety of crimes, but they all usually involve crime committed through deceit and motivated by financial gain. Various types of fraud, embezzlement, money laundering, and tax evasion all fall under this category. Scams such as Ponzi schemes and insider trading are also white-collar crimes. Here’s a list of typical crimes that could be committed by business or government professionals, thus deeming them to be ‘white-collar’ (which are different from crimes involving physical force such as robbery or assault):
- Anti-Trust Violations
- Ponzi Schemes
- Insurance Fraud
- Operation of Illegal Businesses
- Money Laundering
- Tax Evasion
- Identity Theft
White-collar crime is becoming more common. If you learn that you are accused of such a crime, it is important to notify an experienced law firm of the details of your case as soon as possible. Time is of the essence. The sooner your attorneys can safeguard exculpatory evidence, enter into plea negotiations with prosecutors, or prepare your case at trial, the better off you and your business will be. At Harrison & Matsuoka in Honolulu, HI, skilled practitioners approach each case with proactive attention to detail and a willingness to fight for you — with the hope that you won’t need to go to trial.
What is Fraud?
Before ever stepping foot in a courtroom, so much needs to happen behind the scenes. When you approach your attorney at the start of this process, it’s important to have a grasp of the basic idea of fraud.
Fraud, broadly defined, refers to acts intended to deceive someone for monetary or personal gain. Thousands of people each year fall victim to it. With fraud, there will be a false statement, misrepresentation, or deceitful conduct of some kind. The purpose of fraud is to gain something of value (usually money) by misleading someone into believing something that the perpetrator knows to be untrue. It’s a serious allegation.
In criminal cases like white-collar crime, it is possible for a person who is accused of committing fraud to be both criminally prosecuted and sued in a civil action. Don’t wait for your situation to escalate to that point. Schedule a free consultation today with Harrison & Matsuoka if you are wondering about white-collar crime and how it might affect you and your business.