Types of White Collar Crimes

Posted By The Law Offices of Jeffrey C. Grass || 3-Jan-2015

People who have been accused of white collar crimes are often pillars of their community, including public officials and businessmen. Frequently, an accusation of a white collar crime is born of being in the wrong place at the wrong time. Despite this, white collar crimes can lead to serious penalties, including substantial fines and a long prison term. It’s imperative to seek the counsel of a criminal defense lawyer who has experience handling these types of cases. Criminal defense attorneys can provide aggressive legal representation for those accused of embezzlement, tax evasion, and other types of white collar crimes.

Embezzlement
Embezzlement refers to the theft of money or property. This accusation is leveled against those who are in a position of responsibility over the assets which that person is accused of stealing. For example, an administrator of a trust, an accountant, or even a cashier may be accused of embezzlement. Individuals who are facing embezzlement charges are often accused of falsifying records, issuing payroll checks to fraudulent employees, and engaging in fraudulent billing practices.

Tax Evasion
The IRS engages in aggressive legal actions against those suspected of committing tax evasion. This type of white collar crime may involve underreporting income, overstating deductions, or otherwise falsifying tax returns. It may also include failing to file income tax returns.

Money Laundering
Money laundering is another type of white collar crime that involves a scheme to conceal the true source of money obtained through illegitimate means. It is also intended to conceal the true destination of that money. Funds subjected to money laundering are frequently used to fuel criminal enterprises. Money laundering involves three primary components. First, the illegal activity results in money being placed under the trust of the money launderer, and then the money is passed through various transactions to conceal the source. Then, the money is returned to the criminal enterprise through indirect means.

The criminal defense team at the Law Offices of Jeffrey C. Grass has experience handling cases involving a variety of white collar crimes, including tax evasion, embezzlement, and many more. Texas residents are invited to schedule a free consultation at our criminal law firm by calling .