Lawrenceville White Collar Crime Attorney
What Is a White Collar Crime? Info About Corporate Crimes.
This common phrase was coined by Edwin Sutherland in 1939 to describe nonviolent
crimes that are usually committed by respectable, high-class business
people with substantial social status. Most of the time, a white collar
crime is motivated solely for personal financial gain and commissioned
utilizing illegal resources. This type of crime is closely associated
with corporate crime because it is the white collar business people who
are most likely to commit a crime of this nature during the course of
Edwin Sutherland further explains the term he had created in a speech that
he made in front of the American Sociological Society. He determined that
white collar criminals are a different breed of criminal in that they
have very different motives and reasoning behind their actions. Many white
collar criminals commit these crimes out of greed because they associate
more money with greater social status. There is also a less chance of
getting caught as a white collar business man because no one in their
position would be a suspect for a crime.
The majority of people who get put into prison are blue-collar criminals
that were convicted of
assault, rape, burglary,
murder, theft or arson. Their behavior is often written off as reactionary event
that stemmed from their psychological and lower class background, a result
of their rough history. White-collar criminals on the other hand come
from the higher class, people of opportunity, intelligence and affluence.
These criminals are typically highly educated people who decide to take
advantage of their privileged position in search for more financial gain.
Because white collar crimes are non-violent in nature and do not physical
cause harm to others, Sutherland argued that society generally forgives
these crimes and turn a blind eye to them.
Types of White Collar Crimes
The Federal Bureau of Investigation or the FBI defines white collar crimes
in a nutshell as, "lying, cheating and stealing." The victims
of these crimes are never hurt physically but they definitely take a hit
financially. In serious cases, a white collar crime can bankrupt an entire
company corporation and cost their investors millions or even billions
of dollars. It could also bankruptcy a family's entire life savings,
leaving them with nothing to live on. Fraud is the main crime of choice
committed by these business professionals and their schemes become more
and more sophisticated over time, making them even more difficult to catch.
The most common types of white collar crimes are:
- Copyright infringement
- Identity theft
- Insider trading
- Money laundering
- Ponzi Schemes
Hard-Hitting Defense You can Count on
These white collar crimes are commissioned with a myriad of scamming tactics
that the FBI investigate and pursue. If you are wanted or charged with
a white collar crime you could be facing serious prison time and steep
monetary fines. Not to mention, you will most likely be liable for repaying
the victims' monetary losses. Depending on the severity of the crime
and the amount of money defrauded, you could even face a life sentence
White collar crime punishments have been much more harsh and unforgiving
over the years and they are considered to be their own breed of crimes
because of their long history. Many white collar crime offenders have
had no prior experience with the law and now their entire future is on
the line. If you have been accused of fraud or any other white collar
crime it is imperative that you obtain hard-hitting defense as soon as
possible to ensure that your rights will be protected against the prosecution.
Contact the Law Office of Robert L. Booker today for your
free case evaluation!