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White Collar Crime

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At Shrader Law, we have represented many individuals arrested for white collar crime across Florida, both individuals and organizations. Call us now at 813-360-1529 for a free consultation and talk with our white collar criminal attorney.

White-collar crimes are a type of non-violent crimes that are committed in a business or commercial setting for financial gain.

White-collar crimes committed in are prosecuted by the federal agencies and are considered extremely serious. People who commit white-collar crimes are highly placed professionals, highly-skilled executives, and other experts with access to finances.

Both federal and state legislation enumerate the activities that may constitute white-collar criminal offenses. In the United States Constitution, the Commerce Clause grants the federal government authority to prosecute white-collar crimes.

Several federal agencies, including the IRS, FBI and Securities and Exchange Commission, SEC, collectively enforce legislation that pertains to white-collar crimes. Besides, each state hires their agencies to implement white crime legislation at the state level.

Regulations and Penalties

FBI has revealed that white-collar crime costs the U.S. more than 300 billion annually.

Although most criminals charged by the government for white-collar crime are individuals, the government is empowered to charge corporations as well for white-collar crimes. Penalties include fines, community confinement, home detention, forfeitures, and imprisonment.

Examples of White Collar Crimes

  • Insider trading

Those with inside information take a particular advantage and reap benefits in the stock market at the expense of the typical investor.

  • Anti-trust violation

This occurs when two companies join forces to dominate a particular market share by sabotaging competition.

  • Healthcare fraud

Fraud occurring in healthcare institutions that constitute kickbacks, billing for false services, billing for unnecessary equipment, or any falsification of records to make more profit.

  • Computer and internet fraud

This includes applying for credit cards online using false names, the unauthorized use of information from a particular computer, and manipulation of files for financial gain.

  • Credit card fraud

This refers to the unauthorized use of a stolen credit for identity theft.

  • Counterfeiting

This entails copying or imitating information without authorization to pass it off as a legitimate source. Counterfeiting usually requires money but can also apply to immigration papers, forced passports, and driver’s licenses.

  • Theft of trade secrets

Trade secrets form the bulk of espionage information. This is anything that can be used in a business to earn more profits. The exposure and tradeoff make the business lose substantial value. A good example is an employee of Pepsi leaking their recipe to Coca-Cola and receiving payment for it.

Others are Ponzi schemes, cybercrime, intellectual property, bribery, embezzlement, racketeering, money laundering, and forgery.

Contact a White Collar Criminal Attorney

We’ve represented thousands of defendants in Florida. Contact a qualified defense lawyer today by calling 813-360-1529 for a free consultation.

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