When people think of the word “crime” they often associate it with violent actions. However, there are many types of criminal actions that can take place that do not involve violence. This can include white-collar crimes. While these crimes previously had very little consequences, this has changed over time. Today, individuals who are convicted of white-collar crimes can face possible jail time as well as hefty fines. Continue reading below to learn more and contact an experienced New York criminal defense attorney for assistance.
What is a White-Collar Crime?
The term “white-collar” crimes encompasses a wide variety of different criminal actions. Generally, they all involve some sort of theft. This can include the following crimes:
- Ponzi schemes: These schemes promise investors results that are too good to be true and end up stealing their money.
- Extortion: This involves blackmailing or threatening a person based on the idea that if they do not give their money, they will suffer public shame or embarrassment.
- Embezzlement: This is when a person that a company trusts with funds misappropriated or underhandedly managed the funds for their own financial gain.
- Corporate fraud: This happens when a company falsifies information to save or make money.
- Bankruptcy fraud: This is when an individual lies to the bankruptcy court by hiding or withholding information when filing for bankruptcy.
What are the Consequences of White-collar Crimes in New York?
Usually, white-collar crimes are considered felonies in New York. It is because of this that they can result in very serious consequences. The following are some of the most common consequences for these crimes within the state:
- Heavy fines
- Supervised release
- Imprisonment
- Forfeitures
- Restitution
- Community confinement
- Home detention
Contact our Firm
Criminal matters can change the course of your life forever. This is why you need an experienced attorney who will aggressively combat your charges to help mitigate their long-term effects. If you are in need of experienced legal counsel for a criminal defense matter on Long Island or throughout New York State, please contact Grunwald & Seman, P.C. to schedule a consultation. We would be happy to assist you.
