Posted in Criminal Defense on April 24, 2022
Nonviolent offenses committed solely for financial gain are cataloged under an encompassing umbrella known as “white-collar crime.” If you watched the 2013 film The Wolf of Wall Street, based on the life of convicted white-collar criminal Jordan Belfort, then you have had a fairly accurate primer on white-collar crime. Belfort was convicted in 1999 of fraud due to his part in running a penny-stock scam and manipulating the stock market.
The term “white-collar criminal” originally came into fashion because of the prevalence of white-collar offenses largely among a particular sector of society—those who work in office jobs, management positions, and the corporate world (as opposed to blue-collar workers who work in the trades, factories, and other skilled labor jobs). Think Bernie Madoff, the one-time NASDAQ chairman who gained infamy for running the largest Ponzi scheme in history—with assets to the tune of nearly $65 billion.
Most white-collar crimes involve a violation of trust, concealment, or deceit, with the perpetrator’s intentions being to obtain money, goods, property, or services and to avoid losing the same or to secure some sort of advantage, either in the defendant’s personal life or their business. If you have been accused of a white-collar offense, you need to reach out to a seasoned Riverside criminal defense attorney right away.
White-collar crime is used as a blanket description for a host of potential offenses. Some of the most common of these charges include:
Individuals often commit white-collar offenses on their own or as a group. This is often the case with fraud schemes, counterfeiting, hacking, and identity theft, among other white-collar crimes. White-collar crime can also occur at the corporate level, such as when an investment firm knows about and allows its employees to share insider information or launder money.
If you have been accused of a white-collar offense, waste no time in reaching out to our Riverside and San Bernardino criminal defense attorney with the Graham Donath Law Offices, APC, for an evaluation of your case.