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What makes something a white-collar crime?

On Behalf of | Mar 18, 2021 | Criminal Defense

Some individuals associate criminal charges with violent acts or things to do with illegal substances. There are some crimes that don’t fall under either of those categories. Some crimes have to do with the individual or entity illegally getting financial gains without using violence. These are often committed through acts of deception or fraud.

Typically, white-collar crimes are associated with executives and others who are in a position of fiduciary trust. However, there are also some types of white-collar crimes that are committed by others. For example, a person applying for a mortgage can commit mortgage fraud if they misstate their income on purpose. 

Can a person accidentally commit a white-collar crime?

Most people don’t fully understand what’s meant by white-collar crime. There are many types of white-collar crimes that are possible. Some of these include:

  • Embezzlement
  • Corporate fraud
  • Money laundering
  • Insider trading
  • Securities fraud
  • Ponzi schemes
  • Wire fraud
  • Racketeering

One important point to remember about white-collar crimes is that it’s sometimes possible to face charges for one even if you didn’t knowingly commit it. Sometimes, people get caught up in the workings of larger schemes and honestly don’t know what’s going on. The circumstances surrounding the case must be considered when any defendant is working on developing a defense strategy.

A person who’s facing this type of criminal charge should consult with their attorney about the case. There is often a lengthy paper trail that comes with these crimes. It’s imperative that you discuss the options you have with your attorney right away. Some options might have time limits, so it’s best to review them as quickly as possible.