Regarding criminal law, “white collar” isn’t a legal term but a colloquial one. It refers to nonviolent crimes committed for financial gain. As such, virtually all white-collar crimes involve some form of theft, whether directly or indirectly. If enough money is involved, felony charges will inevitably result. Here are some of the most common white-collar crimes that defense attorneys see time and again in their practice. 

What Is a White-Collar Crime?

1. Embezzlement 

Embezzlement typically refers to stealing money from an employer by diverting it in a seemingly undetectable way. As such, those who are accused of embezzlement must have had access to the company’s financials in the first place. If a politician spends campaign funds on personal expenses, that could also be considered embezzlement. 

2. Extortion 

Extortion is the legal term for “blackmail.” It entails coercing an individual or institution to relinquish money, property, or services in exchange for something underhanded, like not releasing information that could destroy the victim’s reputation. 

3. Bankruptcy Fraud

You don’t have to be a financial worker to commit this white-collar crime. As defense attorneys know, virtually anyone can be accused of bankruptcy fraud, which involves hiding assets—or transferring them to loved ones—during the bankruptcy proceedings. 

4. Tax Evasion 

If you watch the news, you’re probably already familiar with tax evasion. As the name implies, tax evasion involves willfully and knowingly paying considerably less than you owe to the state or federal government through fraudulent means. 

If you’ve been charged with committing a white-collar crime, it’s wise to consult a defense attorney as soon as possible. To discuss your situation with a seasoned lawyer, contact James F. Bogen, Attorney at Law. For almost two decades, he has been defending residents of Greater Cincinnati who have found themselves on the wrong side of the law. Whether you’ve been accused of a state or federal offense, this defense attorney is equipped to take the case from arraignment to appeal. To request a consultation and start devising your defense, reach out online or call (513) 503-7251.