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The United States legal system doesn’t just serve to protect people and their property; there are also laws in place to safeguard against unfair financial and business dealings, from insurance fraud to money laundering. If you’re facing charges of a white collar crime, don’t take them lightly. Some are federal offenses that can result in life imprisonment. 

What You Need to Know About White Collar Crimes

What constitutes a white collar offense?

White collar crimes are generally nonviolent and often fiscally motivated. Common cases include tax or securities fraud, embezzlement, public corruption, bribery, and racketeering violations.

What are examples of such crimes?

federal offenseWhite collar charges aren’t just for CEOs. For instance, say you get into a car crash and file a claim with your insurer, but instead of using the payout to fix your car, you spend it on a fancy holiday; this is insurance fraud. You could also run a food supply service for local restaurants and slip a local eatery owner some cash, so they will use your company instead of the competition; this is a bribe.

How are white collar crimes punished?

A misdemeanor, involving small amounts of money or minor victimless acts, will likely result in a fine and a maximum of one year of incarceration. A felony will mean larger fines and longer prison periods. Federal offenses like tax fraud can carry even more stringent penalties.

What should you do when facing accusations?

An attorney might be able to negotiate a plea deal and secure you lesser charges—or take your case to trial to contest the charges. If your case goes to court, you will have a competent and confident professional to defend you. If you’re facing federal offenses, find someone who has experience with these. No matter what your objective is regarding your charges, you will want to hire an attorney who will thoroughly investigate your case and thoroughly advocate for you at every step of the process.

 

Don’t leave your white collar defense to inexperienced hands. James F. Bogen, Attorney at Law, in Cincinnati, OH, has been helping clients fight both state and federal offenses for over a decade. He is known for his thorough legal knowledge and persistence in protecting his clients’ rights. Once he takes on your case, he will give you his full commitment. Find out more about his white collar work online. He also practices other areas, from juvenile delinquency to criminal offense expungement. To meet with him directly, call (513) 503-7251. 

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