Most Common Types of White Collar Crimes

 Posted on March 01, 2018 in Uncategorized

White collar crimes are offenses that occur when a person uses some form of deception to produce financial gain. These types of crimes are usually committed by business people who have access to large amounts of money because of their position. It can take months and even years for prosecution to construct a case against someone before charging them with a white collar crime. The five most common types of white collar crimes include:

1. Tax Evasion. Tax evasion occurs when a person fails to file a tax return, fails to pay their taxes, under reports their income, makes false deductions, or claims fraudulent business expenses or losses. It can be a state or federal crime and lead to a lengthy prison sentence upon conviction. Some defenses to tax evasion are that you were given wrong advice by your tax preparer, you had no criminal intent, or you did not understand the tax forms.
2. Credit Card Fraud. Credit card fraud is committed when a person knowingly uses a credit or debit card to make a payment without consent from the cardholder or obtains funds using a card that is not authorized. It can be a form of identity theft and you may be charged for both crimes.
3. Embezzlement. A white collar crime that involves theft from an employer is known as embezzlement. It can occur when a person misuses an expense account, uses company funds to pay for personal expenses, or makes false entries in order to hide improper disbursements. If you are charged with embezzlement, defenses such as you were not the person who diverted the funds or you had permission to spend them may help your case.
4. Insurance Fraud. Several types of insurance fraud include car insurance fraud, property insurance fraud, healthcare fraud, life insurance fraud, and workers' compensation insurance fraud. Reporting false information to an insurance company, submitting a false insurance application, or obtaining money from filing a false claim are all considered insurance fraud.
5. Medicare or Medicaid Fraud. When a person makes dishonest medical or health claims to make a profit, they may be charged with Medicare or Medicaid fraud. This type of fraud can involve changing medical forms or records, illegal billing practices, purposely reporting incorrect diagnoses or procedure for profit, or prescribing unnecessary treatments.

Contact Our Experienced Joliet Criminal Defense Lawyers

If you have been charged with a white collar crime, your future is at stake. To increase your chances of a favorable case outcome, contact our Joliet white collar criminal defense lawyers today. Call us at 815-666-1285 for a consultation.

Source:

https://www.fbi.gov/investigate/white-collar-crime