Nielsen Legal

Did counting money lead to white collar crime counts against you?

Whether you're native to North Carolina or recently moved here when you landed a new job, you've likely heard the term blue collar associated with people who earn their incomes in the labor industry. If you happen to work in an accounting department or as an entrepreneur or corporate executive, you may also be familiar with the term white collar as it relates to non-labor employment. In the 1930s, people started using the phrase white collar crime to describe non-violent illegal acts perpetrated for financial gain.

You may have heard or used the term a hundred times but never imagined you might one day face criminal charges regarding such offenses. The Federal Bureau of Investigation considers corporate fraud a top area of concern. Therefore, if police arrest you on suspicion of a white collar crime, you'll no doubt have your work cut out for you in your attempt to avoid conviction.

Types of white collar crime FBI often investigates

It's crucial to remember that you do not have to wait for an arrest to take place to seek legal representation to help protect your rights. If you learn you are subject of a federal criminal investigation, you can proactively seek support to begin building a strong defense should prosecutors later decide to file charges. If FBI agents are looking into any of the following issues where you're concerned, it is definitely reason enough to obtain legal support:

  • Mutual hedge fund issues: If the FBI suspects you of late trading, you may wind up facing charges for white collar crime. 
  • Profit and loss deception: Any false trading meant to conceal a loss or inflate profits falls under the white collar crime category as well.
  • Financial misrepresentation: Prosecutors often come down hard on those suspected of falsifying accounting information or otherwise intentionally misrepresenting a company's financial condition.
  • Tax violations: It's no secret that the federal tax system is complicated and often confusing to navigate. The government has often accused people of tax crimes when, in fact, minor clerical errors are later found to have been the source of the problem.

The bottom line is that no matter how many people accuse you of white collar crime, it does not necessarily mean the court will convict you or even that police will arrest you on the suspicion. However, if you work in a field where corporate fraud or other white collar crime issues often arise, you'll do yourself a favor if you make sure you know your rights and where to seek immediate support if you encounter a problem.

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