Most Common Types of White Collar Crime (Part 2)
White collar crime is described as a nonviolent crime that is done for financial gain. White collar crime is an umbrella term that refers to a variety of different types of financial offenses in the Minnesota penal code. Here is some information about the most common types of white collar crime and the types of crimes for which you will need competent legal counsel to defend your case if you are charged with a white collar crime: Federal Defense Attorney Minneapolis MN
Insurance Fraud
Insurance fraud is one of the most common types of white collar crime. Insurance fraud is the act of falsely representing information to an insurance company with the aim of making the insurance company act on this false information in order for the individual to profit financially. This can be done when applying for medical, car, and/or life insurance. And it can also be done by professionals charging for services that have not been utilized or purchased.
Mortgage Fraud
Minnesota law characterizes mortgage fraud as intentionally misrepresenting something vital throughout the mortgage application process when you know the other party is relying on the information that you are providing. It can also include submitting materials that have inaccuracies or allowing the use of materials that contain inaccuracies when the other party requires proper information. There are 2 types of mortgage fraud: 1) profit fraud, which occurs when loan businesses take advantage of their position to gain extra money off of loans, and 2) housing fraud, which happens when people seeking home loans misrepresent themselves in order to obtain a home loan.
Bribery
Bribery is another common type of white collar crime. Bribery refers to the act of bribing someone in a position of authority in order to establish arrangements that benefit the perpetrator or others financially. Bribery most commonly refers to the bribery of public officials, which is the exchange of money or something else of value in exchange for a public official to act in a way that is favorable for the perpetrator.
If you’ve been charged with a white collar crime, you should seek the assistance of an experienced criminal defense attorney in Minneapolis MN, such as Lauren Campoli, to help you with your case.