Common Types of White Collar Crimes

Not all crimes involve harm to another person. Some crimes affect an individual or a business financially rather than physically. White collar crimes are among those types of crimes. What is a white collar crime and what are the most common types of this crime?

White collar crimes are those that take money from a person or a business by fraud or other non-violent means. A person is guilty of a white collar crime if they take money out of a business account, if they have money sent to them under false pretenses and in many other situations.

Most common types of white collar crimes include:

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·    Embezzlement: This type of crime occurs when an employee of a company transfers funds meant for the business into their own personal accounts and use the money as if it were their own. This is a felony charge.

·    Corporate Fraud: Many types of corporate fraud exist. A person may be guilty of corporate fraud if they falsify documents or conspire to take monies that are not their own.

·    Ponzi Schemes: Ponzi schemes involve investments made with promises of successful business ventures that in reality, have little to no hope of success because they depend on people investing.

·    Bankruptcy Scams: Bankruptcy scams are also common types of white collar scams that may send you to prison for many years. This type of fraud occurs if a person knowingly withholds information on a bankruptcy filing.

If you are charged with any of the crimes above, make sure to hire one of the experienced attorneys boyds md to handle the case. Never attempt to go to court without a lawyer when your life and so much more is on the line.  A lawyer helps get the justice that you want, need, and deserve at this time.