White collar crimes are typically those that are committed through some type of deceit and have a financial gain at the end. Some of the most common types include fraud, embezzlement, tax evasion, and money laundering. At The Law Office of Peter Blair, we specialize in defense of these very serious crimes and try to help bring you justice in your case. Here are a few of the most common, to get a better idea of white collar crimes:
- Fraud: Fraud is very general and could consist of securities fraud or any other type of deceiving for financial gain. In many cases, the defendant was making false statements with the knowledge that they are false.
- Embezzlement: This is when somebody improperly takes another person’s money when they owe them a type of duty, such as lawyers who improperly use a client’s funds or when an employee puts their employer’s money into a personal account for use.
- Tax Evasion: This is where somebody attempts to avoid taxes that they owe. It includes putting false information on tax forms and illegally transferring property to avoid obligations.
- Money Laundering: This is when illegally obtained money is filtered through transactions to make the money appear legitimate.
Serious Sentences and Prison Time
When you have committed a white collar crime, you probably know that it isn’t comparable to a serious, life-threatening crime like assault or murder. You may expect your white collar crime to take the form of a misdemeanor crime, such as one that carries a light penalty, fines, probation, and incarceration for a short period of time. You may also expect felony charges for more serious crimes, such as a year or more in prison, plus extensive fines.
Over the years, many people have become the defendants in these serious crimes that carried extensive sentences. For instance, Bernard Madoff of Ponzi schemes, was convicted of 11 federal felonies and sentenced to 150 years in prison. Chalana McFarland was found guilty of mortgage fraud, identity theft, and wire fraud and was sentenced to 30 years in prison with $12 million in restitution. In California, if you are found guilty of a computer crime, you can face three years in prison as well as a fine of up to $10,000!
Second-degree murder in California is actually sentenced less seriously than white collar crimes. Somebody who committed this crime could expect 15 years in prison, while somebody convicted of a white collar crime could see life. Because the criminal justice system can be difficult to navigate, you should have an attorney on your side who understands what you are going through and can answer all of your questions. Call us today at The Law Office of Peter Blair for more.