So-called “white collar” crimes often involve both state and federal law. As such, they require legal representation that understands the intricacies of both and lawyers who can fight for your rights at trial, calling for a reduction in charges whenever possible. If you’re facing white collar crime charges in Florida, contact the attorneys at Fischer Redavid PLLC. Our firm has decades of experience in Hollywood criminal defense law and can help you understand your rights in a complex legal process.
White collar crimes can encompass a wide variety of criminal acts, but most involve illegal means of financial gain. The most common types of white collar crime include fraud, tax evasion, money laundering, and embezzlement. Other crimes such as Ponzi schemes, insider trading, and securities fraud fall under the umbrella of white collar crime.
Fraud refers to a general act that involves deceit for criminal gain. Securities fraud is a common type of white collar crime that involves deceiving someone in the trading of securities, such as stocks or bonds. Insider trading is a type of securities fraud in which a person uses confidential information about the stock market to make illegal trades.
Embezzlement is the act of taking money from a person or entity for which you owe a duty. An employee, for example, may embezzle money from his or her employer by moving funds from a company account into a personal account. An investment banker may commit embezzlement when he or she purposely violates a fiduciary duty to a client.
Tax Evasion refers to when a person takes purposeful steps to avoid paying taxes that he or she would otherwise have to pay. This may include something as simple as putting false information on a tax form, or even creating illegal tax shelters to avoid obligations. Tax evasion may apply to individuals or businesses.
Money laundering refers to the criminal act of filtering illegally obtained money through a series of transactions designed to make it look legitimate. Money laundering may involve depositing the money into a bank or brokerage, separating it from its illegal origins through a set of complex transactions that make it hard to trace. Finally, the perpetrator mixes the money with “clean” or legally obtained assets.
White collar crimes often involve violations of federal law. As such, the possible penalties for white collar crimes are often severe. These may involve jail time, fines, payment of restitution to victims, loss of professional licensure, and more. Defendants with a clean criminal record may only receive probation, while those with multiple offenses may serve the maximum penalty allowed by law.
If convicted of a white-collar crime, defendants may also be civilly liable for any damages that result. This may include payment of economic damages as well as intangible losses sustained by the victims of the crime.
Defendants of white collar crimes may suffer professionally and socially while facing the prospect of jail time, fees, and restitution. When facing charges of this magnitude, it’s imperative to retain the best legal representation possible. The white collar crime defense attorneys at Fischer Redavid PLLC will examine the facts and evidence surrounding the charges against you and will do everything possible to minimize possible charges and sentencing.
If you’re facing charges for a white-collar crime, contact us to schedule a consultation with our firm and explore your legal options. You’re entitled to a defense – make sure it’s the best that Florida has to offer. Contact the Hollywood attorneys at Fischer Redavid PLLC today.