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What is white collar crime?

On Behalf of | Sep 12, 2015 | Firm News, White Collar Crimes |

White collar crime is not necessarily the most glamorous or interesting area of criminal law, which is probably why it does not feature as heavily in television shows and movies as much as homicide and robbery. However, this does not mean that white collar crime is not a serious criminal offense that can cost those who are convicted years of their life in prison and hundreds of thousands of dollars.

Because white collar crime is not often covered in television, many people may be unfamiliar with the legal area. Some people may not even know what white collar crime is. White collar crime is a fairly broad term that is used to describe criminal acts in which an individual deceives or cheats another person or entity out of money for the purposes of financial gain. The most common types of white collar crime include fraud, embezzlement and tax evasion.

Each of these types of crimes has many different subsets of their own, such as security fraud or insurance fraud. An example of insurance fraud would be creating counterfeit documents to claim insurance benefits to which you are not entitled, such as receiving a payout for an injury that you did not suffer. Another example would be failing to inform your insurance company that stolen property was successfully recovered and accepting a payout to compensate you for the stolen property.

These are just a few of the examples that could encompass white collar crime, and it is important to remember the potential consequences that a white collar crime conviction can bring. If you are convicted of fraud, you will not only be subjected to standard criminal punishment such as jail time, but you will also likely be required to pay back all of the money you were convicted of fraudulently receiving. If you have been accused of a white collar crime in Louisiana, do not hesitate to seek legal assistance to help you build a case for your defense.