White Collar Crime Law
White Collar Crimes In South Carolina
White collar crimes are non-violent crimes committed by business or government professionals who are usually motivated by making money. Individuals or companies can be charged with this type of crime. The consequences of a conviction of a white-collar crime include monetary fines, forfeiture of assets, and court-ordered restitution payments. The South Carolina courts consider many factors when imposing a sentence such as the crime which the defendant is convicted of, the past criminal record of the individual, and any other mitigating factors.
Types Of White-Collar Crimes
This is a specialized area of law that is evolving with each passing day. The procedures that govern these cases are almost the same as other federal criminal cases. Some of the common white-collar crimes include:
○ Bankruptcy Fraud – This happens when a debtor intentionally conceals assets to avoid forfeiture or the same person files multiple bankruptcies.
○ Real Estate Fraud – One party intentionally misinterprets information to gain an undue advantage during a real estate transaction.
○ Health Care Fraud – An individual fraudulently files healthcare forms to obtain a profit.
○ Tax Crimes – When a person intentionally defrauds the government by not paying taxes.
○ Embezzlement – An employee uses company funds for personal use.
Penalties For White-Collar Crimes In SC
The penalty may vary depending on the type of crime you commit. The penalty may include a jail term and/or a fine. In some cases, the defendant might be able to walk away with probation. In case you are convicted of a white-collar crime and sentenced to jail time in SC, you won’t be spending your time in a minimum security jail. Instead, you would be serving hard prison time. Another problem with this type of crime is civil liability. The government or the victim of the crime can bring a civil lawsuit against you in addition to the criminal case you are facing.
White Collar Crimes In Virginia
White-collar crimes are non-violent and financially-motivated crimes committed by professionals in positions of trust in Virginia. Even though these crimes are non-violent in nature, they are still considered criminal offenses in Virginia. They come with the possibility of significant jail time. These charges are complex in nature most of the time. Working with an experienced attorney who can defend white-collar crimes is important when you are charged with this type of crime.
Types Of White-Collar Crimes, Virginia
○ Embezzlement – The use of company funds for personal use. This type of crime is considered a form of larceny conviction.
○ Identity Theft – Virginia law prohibits the use of identifying information of an individual without the consent of that person. Using another person’s name, address, social security number, bank account, credit card, and other personal information is illegal and you will be charged with identity theft if you do so.
The penalties for white-collar crimes can vary depending on the severity of the crime. Many of the penalties in Virginia will lead to job termination, jail time, hefty fines and restitution, and a spoiled reputation. The defendants will have their financial accounts frozen during the course of an investigation. They also could be subjected to criminal and civil forfeiture of assets.
You should choose a reputable and experienced attorney to represent your case.