White Collar Crimes Lawyers

White Collar Crime

Most people associate crime with acts of violence, but there are actually many types of criminal behavior that happen without physically threatening anyone. Though these types of crimes might seem victimless, the reality is that they are very serious. Since white collar crime can lead to major fines and jail time, it is important to understand what it is and how penalties for it work.

What Is White Collar Crime?

White collar crime is a little unusual because it does not have a strict legal definition. Unlike crimes like burglary or murder, white collar crime is not a specific type of criminal action. Instead, it is a broad category of criminal activity. Any sort of crime that is non-violent and focused on financial gain may count as a white collar crime.

Typically, white collar crime is only a crime that happens in some sort of commercial situation. Nonviolent crimes, like using an unlocked door to steal a person’s television, do not count as white collar crime. Instead, white collar crimes involve places of business and financial transactions. It most often occurs in offices, businesses, and corporations. This type of crime is mostly associated with activities like embezzlement and fraud. It often happens in industries like banking, investing, stock trading, and real estate.

Examples of White Collar Crime

Since white collar crime is such a broad category, it can be tricky to understand what counts as white collar crime. Taking a look at some examples can help you figure out how white collar criminal charges work.

Corporate Fraud

The most common example of white collar crime is corporate fraud. Corporate fraud happens whenever a company uses false information to deceive their investors or auditors. This can encompass a variety of activities, such as misleading investors, embezzling money, insider trading, using corporate property for personal use, or misrepresenting profit.

Money Laundering

Money laundering is another common type of white collar crime. This is a process where criminals convert their illegally-gotten funds into legitimate money. For example, a criminal may write false pay stubs and claim that the profits of a robbery were actually wages they got at work. Money laundering involves a variety of tax evasion, financial misrepresentation, and other issues.

Securities Fraud

This is another type of fraud that involves a lot of white collar crimes. Instead of being corporations misleading others, securities fraud involves a group of individuals misleading people. Things like Ponzi schemes and pyramid schemes are common examples of securities fraud. Securities fraud can also occur when a person is manipulating the stock market, running a fake lottery, or selling misrepresented items.

Christine Twomey

2024-03-21

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2024-03-18

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Guerline Menard

2024-03-18

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2024-03-15

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2024-03-15

I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence. Thank you team!

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2024-03-12

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2024-03-12

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2024-02-28

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divesh patel

2024-02-24

I can't recommend Alex Zhik and Spodek Law Firm highly enough for their exceptional legal representation and personal mentorship. From the moment I engaged their services in October 2022, Alex took the time to understand my case thoroughly and provided guidance every step of the way. Alex's dedication to my case went above and beyond my expectations. His expertise, attention to detail, and commitment to achieving the best possible outcome were evident throughout the entire process. He took the time to mentor me, ensuring I understood the legal complexities involved to make informed decisions. Alex is the kind of guy you would want to have a beer with and has made a meaningful impact on me. I also want to acknowledge Todd Spodek, the leader of the firm, who played a crucial role in my case. His leadership and support bolstered the efforts of Alex, and his involvement highlighted the firm's commitment to excellence. Thanks to Alex Zhik and Todd Spodek, I achieved the outcome I desired, and I am incredibly grateful for their professionalism, expertise, and genuine care. If you're in need of legal representation, look no further than this outstanding team.

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White Collar Crime Is Just As Serious As Other Types of Crime

Due to the name of the crime, many people get the impression that white collar crime is not as serious. In fact, the crime first got its name from the fact that it was committed by supposedly respectable, upper-class, white collar individuals. However, this type of crime causes major issues. Each year, roughly $426 billion is lost due to white collar crime.

Therefore, the government takes these crimes very seriously. Most types of white collar crime are high level crimes that result in felony charges. For example, corporate fraud can result in far more penalties than simple assault. The consequences for white collar crime tend to vary depending on the amount of money involved and the nature of the crime, but they are usually quite severe.

What Are the Punishments for White Collar Crime?

Since white collar crime is typically not violent, punishment often focuses on fines. A person convicted of white collar crime might have to pay punitive fines to the government, give back funds they stole, and potentially provide compensation for other ways their acts damaged someone. This can result in massive payments that cause the perpetrator to lose their home or declare bankruptcy.

White collar crimes also lead to actual jail time. For misdemeanors, a person might face a few months in prison. However, in serious felonies, white collar crime can lead to imprisonment for up to 30 years. The government tends to be especially strict if another person was significantly harmed during the crime. They may look at how much money was lost, whether it was taken from a corporation or an individual, and how much money the victim had left. White collar crime that causes a person to become destitute may result in significant penalties.

Are You Facing White Collar Crime Charges?

Ultimately, being convicted of white collar crime may result in major fines or lengthy jail time. Therefore, it is important to take them very seriously. If you or a loved one is charged with white collar crime, you need a talented criminal defense attorney on your side. At Spodek Law Group, we provide high quality, dedicated defense. Our team can assist you with navigating all the legal complexities of white collar crime charges. Contact us today for a free consultation.