Understanding White-Collar Crime: FBI’s Definition and Characteristics

White Collar Crime

According to the FBI, white-collar crime is defined as “the full range of frauds committed by business and government professionals.” White-collar crimes are often committed through deceit, and are done in the pursuit of financial gain or advancement. Typically, these crimes are committed by businessmen, government officials, and other professionals looking to move up or advance their standing. White-collar crimes might also be a means to prevent loss of property or to retain services or certain business positions.

Although these types of crimes are typically nonviolent, they can ruin companies and cause significant financial hardship, and therefore come with very steep penalties.

Common white collar crimes include, but are not limited to:

  • Asset forfeiture

  • Bankruptcy fraud

  • Bribery

  • Corporate fraud

  • Embezzlement

  • Financial institution fraud

  • Healthcare fraud

  • Identity theft

  • Market manipulation

  • Money laundering

  • Mortgage fraud

  • Ponzi schemes

  • Tax evasion

  • Theft of intellectual property

More often than ever before, we’re seeing these types of white collar crimes committed within the ever-growing world of technology. These crimes happen online, through hidden technologies, and are very difficult to trace. That said, if you are accused of a white collar crime, it’s possible the charges laid against you were loosely drawn by a supposed cyber trail.

What Can I Do If I’m Facing Charges?

Whatever the case, the penalties for a white collar crime, if convicted, can vary significantly. Depending on the nature of the crime, the consequences can include any variety of legal fines, as well as jail time, community service, and the loss of any applicable professional license.

If you are facing charges for a white collar crime, you need to take swift action to protect your rights and your future.

Call 518-391-2369 today to discuss your case with our Albany white collar crimes attorneys at O’Brien & Eggleston PLLC and schedule a free consultation with our team.

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