What is a White Collar Crime?
The term “white collar” refers to a certain set of financially motivated crimes. White collar are generally non-violent in nature and are commonly committed by members of upper social classes. In many cases, white collar crimes are committed in the workplace or during the course of a business transaction. Certain white collar crimes are especially prevalent in a corporate setting. While these types of crimes are often believed to be victimless since they do not target specific individuals, they can deprive others of money and property and can even threaten the financial stability of a business or the country as a whole. White collar crimes can be prosecuted by both state and federal governments depending on the nature and extent of the crime in question. Moreover, due to the large amounts white collar criminals stand to gain, these crimes are often punished harshly including hefty fines and where appropriate, prison time.
Typical White Collar Crimes
While white collar does not generally refer to a group of specific crimes, certain crimes are commonly considered white collar crimes. White Collar crimes include, but are not limited to:
■Illicit Foreign Currency Transactions
■FINRA Investigations into Options Traders in Pay to Play Charges
■Tax Preparer Fraud Involving Religious and Non Profit Organization
■Government Contractor Overbilling
■Defense Sub-Contractor Fraud
■CFTC (Commodities Futures Trading Commission) Inquiries
■Vendor Fraud Investigations and Non Profits
■DOI Investigations of City Agency Officials
■Shell Entities & Bogus Transactions
■Evasion of Currency Reporting Obligations (CTR Filings)
■Imports and Exports in Violation of the Iranian Transactions Regulations
■Athlete Doping and Steroid Use
■Interstate & International Bulk Cash Smuggling
■Artwork & Artifact Theft
■International Currency Arbitrage Schemes
■US Dept. of Treasury Investigations into Syrian Sanctions
■Secret Service: Counterfeited U.S. currency, Stock Notes and Bonds
■Fraud involved in Electronic Benefits Transfers
■Advance Fee Fraud
■State and Federal Organized Crime Cartel Cases
■Manufacture and Export of Counterfeit Pharmaceuticals & Fake Medicines (INTERPOL)
White collar crime charges usually are not isolated and any one of these charges can carry many more related charges. For example, both conspiracy and mail and wire fraud are often charged in addition to other white collar crimes.
Effective White Collar Defense
The Blanch Law Firm focuses the majority of its practice on white collar crime defense. As a result, our attorneys have extensive experience defending white collar crimes of all kinds. If you have been charged or are being investigated for a white collar crime, it is imperative that you contact us right away. Call 212 736 3900 immediately for a free consultation.