What Is White Collar Crime?

If you have been accused of a white collar crime in North Carolina, it is important to understand as much as you can about the nature of the accusation. White collar crime is a very specific area of criminal defense that requires a special approach. According to the FBI, white collar crime refers to in fractions that are normally financial in nature and not violent.

The term “white collar crime” dates back to 1939. Generally, people who are accused of white collar crimes are either working in government or business. There are many different examples of white-collar crime. Some of these include: health care fraud, public corruption, money laundering, tax fraud, briberly, embezzlement, and RICO law violations. All of these mentioned involve subverting the law for financial gain, but some white collar crimes maybe in the pursuit of status rather than of money.

It is important to realize that many white-collar crimes are felonious. Many people believe that since white collar crimes are non-violent in nature and typically do not involve drugs that they are not felonies. However, this is not true. The vast majority of white collar crimes are felonious in nature. However, it is also possible to be charged with a misdemeanor that is a white collar crime if the misappropriation is small enough.

You can indeed go to jail if you are convicted of a white collar crime. It is even possible to receive life in prison. If you are accused of a white collar crime, make sure to understand as much as you can about the accusation and take it seriously.