Most Common Types of White Collar Crime (Part 4)
White collar crime is considered to be a nonviolent crime that is done for financial gain. White collar crime encompasses a wide range of financial crimes. If you think that you might be charged with a white collar crime, the following information will help you understand the most common types of white collar crimes that you can be charged with and the types of violations for which you will need expert legal counsel to defend your case: Federal Crimes Lawyer Minneapolis MN
Bankruptcy Fraud
When a person who has declared bankruptcy conceals assets, files a false claim, makes false statements under penalty of perjury, destroys or conceals financial records relevant to the case, or gives or accepts a bribe, that person has committed bankruptcy fraud, which is a federal crime. Bankruptcy fraud can also be considered a criminal offense as well as a civil offense. The difference between the two is such: criminal fraud necessitates demonstrating that the defendant acted with knowing and dishonest purpose, whereas civil fraud entails less deception and dishonesty.
Bank Fraud
Bank fraud is a criminal offense that entails an individual intentionally and knowingly engaging in a plot to defraud a financial institution. It’s essentially the employment of deceptive methods in order to obtain money, assets, or other property owned and/or controlled by a bank or other type of financial organization. Bank fraud is considered a crime under federal law, which means that these offenses will be investigated and prosecuted under federal criminal law rather than state law.
Conspiracy
Conspiracy is another common type of white collar crime. Conspiracy entails a person, or at least the government believing such, having agreed to commit a crime with another person. When a person is charged with conspiracy, an unusual dynamic emerges since the government does not need to prove that the actual crime was committed, only that there was an agreement to do so. Because of this, the penalties for conspiracy are frequently the same as those for the crime they had agreed to commit. Conspiracy accusations are frequently associated with federal drug crimes or cases involving organized criminal activities.
If you’ve been charged with a white collar crime, then contact an experienced criminal defense attorney in Minneapolis MN like Lauren Campoli to help you with your case.