Gillette White Collar Crime Lawyers
The term “white collar crime” was first coined in 1939 and defined as a crime committed by a person of respectability and high social status during his occupation. Today, it is defined as “a nonviolent crime, often characterized by deceit or concealment, to obtain or avoid losing money or property, or to gain a personal or business advantage” by Investopedia.
Our Gillette criminal defense lawyers have extensive experience advocating on behalf of clients facing criminal charges. If you have been charged with a white collar crime, call us to schedule a free case strategy session.
Many different crimes fall under the white collar category. The following are some common examples:
- Fraud: “Wrongful or criminal deception intended to result in financial or personal gain” is a good definition for fraud. It is a crime that can occur in many different forms, and penalties depend on the specific crime. As an example, fraud by check involving a sum of less than $1,000 is a misdemeanor punishable by a jail term of up to six months and/or a fine of up to $750. When it involves more than $1,000, fraud by check is a felony offense that carries penalties including up to ten years in prison, a fine of up to $10,000, or both.
- Embezzlement: This crime can be defined as theft or misappropriation of funds placed in a person’s trust or belonging to his or her employer. Embezzlement is a white collar crime in which a person (or entity) intentionally misappropriates assets placed in his or her trust. It can be charged as a misdemeanor or a felony, depending on the value of the assets involved. Misdemeanor embezzlement, involving money or property worth up to $1,000, is punishable by up to six months in jail, a fine of up to $750, or both. Felony embezzlement, involving assets valued at more than $1,000, carries penalties that may include a prison sentence of up to 10 year and/or a fine of up to $10,000.
- Money laundering: The illegal process of making large sums of money generated by criminal activity appear to have come from a legitimate source is money laundering. It is a serious financial white collar crime designed to make money from drug trafficking and other criminal activities appear clean. In Wyoming, money laundering carries penalties that may include imprisonment for up to 20 years for each count and fines of up to $500,000 or twice the value of the property involved in the transaction, whichever is greater, for each count.
- Insider training: Buying or selling of a publicly traded company’s stock to one’s own advantage through having access to confidential information is the illegal practice of insider trading. It involves access to material information that has not been made available to the public which could substantially impact an investor’s decision to buy or sell. Insider trading is a federal crime, punishable by imprisonment and other criminal penalties. The Securities and Exchange Commission (SEC) can get a court order forcing a person convicted of insider training to return all the profits and pay a fine of up to three times their amount.
White collar crimes carry serious penalties. Your best chance of obtaining the most favorable outcome is to have an experienced Gillette white collar crime defense lawyer handling your case. At Steven Titus & Associates, P.C., we have experience investigating and analyzing complex financial records, working with expert witnesses, and negotiating with prosecutors. If you have been charged with a white collar crime in Campbell County, call us today at (307) 257-7800.
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