White collar crimes are typically described as crimes committed through the process of deceit and are motivated by financial gains. There’s a wide spectrum related to white collar crimes but the most common ones involve fraud, embezzlement, evasion of tax and also laundering of money. Ponzi schemes and even insider trading related to security fraud are also included in these categories along with different types of scams and fraud. Other more common instances are insurance fraud and tax evasions, to name a few.
Do you think that you have been accused of a white-collar crime? Read on to find out more…
Fraud
Fraud, which is a general type of crime involved the deceit of another party or parties for monetary gains. A common instance of fraud is security fraud which involves trading of valuable information.
Securities Fraud
There are many kinds of security fraud with the most common one being the trading of inside information. In this instance, a person or persons usually share valuable information in regards to the business or company they are working with to another party for the monetary value of their knowledge. This can be considered as insider trading.
Another instance is when a person invites another party to invest in them by giving false information such as prospects, finances, benefits and the like. Providing false information to a potential investor can also be linked to security fraud.
Mortgage/ Insurance Fraud
Frauds involving mortgage and insurance have many facets. One way can be an individual pursuing an insurance scheme to collect money without giving the investor the services they invested in.
Frauds like these can be petty and large scale.
Embezzlement
Embezzlement is the unlawful taking of money from a person in exchange for some sort of duty. A common example of this is siphoning off cash.
Tax Evasion
Criminal tax evasion, from the name itself, is the wakeful avoidance of taxes. It can be as simple as not filing tax forms or not filing it truthful down to avoiding tax obligations through multiple means.
Have you been accused of a white-collar crime? Do you need the best help that you can get to assist you with your predicament? Contact us and we will do our best to help you out in these difficult times. We are experts at defending our clients and providing the best experience despite these unfavorable circumstances.
Roy J. Kahn, with years of legal experience in a wide variety of criminal law, heads a “boutique” firm, which means that your attorney is Roy J.Kahn, not a paralegal. If you have been charged or are about to be charged with a crime—or if you have been contacted to be a witness in a federal grand jury case, you need a qualified defense. You should consult with an attorney immediately and know that you have a right to make no statement until you have consulted with an attorney To contact Mr. Kahn, he can be reached at 305-358-7400.
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