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Wednesday, July 20, 2011

What Are White Collar Crimes?


Crimes committed by respectable persons in high status positions in occupation, was once referred to as white collar crimes. Today, some non-violent crimes committed for financial benefits and appropriated gains have been labeled white collar crimes. Those committing white collar crimes have sophisticated methods of concealing these acts.

Some criminal acts which fall under white collar crimes are:

Various fraud crimes, such as: bank, computer, internet, credit card, phone (wire), mail, bankruptcy, healthcare, environmental law violations, insurance, mortgage, government, financial, securities; as well as other crimes such as tax evasion, bribery, insider trading, kickbacks, counterfeiting, money laundering, embezzlement, trade secret theft, perjury, identity theft, severe drug crimes, RICO, public corruption, to list a few. (We saw what perjury did to Bill Clinton, as well as other well-knowns.)

The differences between white collar crimes and blue collar crimes are blue collar are more apt to attract the police, aren't concealed as well, and may employ the use of physical force and/or violence.

White collar crimes charges are not solely placed on individuals, as many corporations have been subjected to penalties for these offenses as well. There may be leniency for the perpetrator who participates in the investigation in his/her sentencing.

White collar crimes are brought to both state and federal courts. The government regulates white collar crimes to its agencies which include the FBI, the IRS, Secret Service, U.S. Customs, EPA, Securities and Exchange Commission. There are various resources to be found to further depict the white collar crime picture.

www.nycriminalfirm.com




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