What is a White-Collar Crime?

There are various crimes that one can commit, and generally speaking, when we think of crimes, we think of those that involve drugs or violence of some sort. That being said, some of the most heinous crimes do not involve violence at all–those crimes are known as white-collar crimes. In most cases, white-collar crimes involve some sort of theft, particularly from someone who trusted that person. However, despite the fact that white-collar crimes do not involve violence, the truth is, they can come with consequences that are just as serious. If you are someone who has recently been charged with a white-collar crime in New York State, you have a lot on the line, and you have a lot to consider. For this very reason, you must continue reading and speak with our experienced Rockland County criminal defense attorney to learn more about white-collar crimes and how we can help you fight those charges. Here are some of the questions you may have:

How are white-collar crimes defined?

Though there are various types of crimes that fall under the “white-collar crime” blanket, they generally all involve theft. Some of those crimes are as follows:

  • Ponzi schemes: The most widely-known Ponzi scheme is that of Bernie Madoff. Ponzi schemes promise investors too good to be true results, and in turn, they end up stealing investors’ money.
  • Extortion: Extortion involves blackmailing or threatening an individual on the terms that if they do not hand over money, they will publically embarrass or shame them.
  • Embezzlement: This is when an individual that a company trusts with funds misappropriates or underhandedly manages those funds for their own financial gain.
  • Corporate fraud: Companies commit corporate fraud when they falsify information to save or make money.
  • Bankruptcy fraud: This is when an individual lies to the bankruptcy court either by hiding or withholding certain information when filing for bankruptcy.

What are the consequences of a white-collar crime in New York State?

In most cases, white-collar crimes are considered felonies, and they come with very serious consequences. Some of the most common consequences for white-collar crimes in New York State are as follows:

  • Heavy fines
  • Supervised release
  • Imprisonment
  • Forfeitures
  • Restitution
  • Community confinement
  • Home detention

Contact our experienced New York firm

Those facing criminal charges in New York need a strong Rockland County defense attorney who knows the ins and outs of the criminal justice system. Fortunately, our firm is ready to put over 30 years of experience to work for you. Call today or contact The Law Office of Carl Spector online to schedule a free confidential consultation. We are ready to help you go on living life positively, happily, and free from the burdens of a criminal conviction–all you have to do is ask.