White-Collar Crimes in Illinois

 Posted on January 14, 2016 in White-Collar Crime

White-collar crime is a term that refers to many different offenses. It is not an official legal category of crime. The term is most often used to refer to non-violent property or financial crimes. There is often a component of fraud or fiscal impropriety to white-collar crimes.

Types of White-Collar Crimes

Because the law does not distinguish between white-collar crimes and other types of crimes, it is not possible to provide a comprehensive list of everything that may be considered a white-collar crime. Additionally, there are both Illinois state crimes and federal crimes that are often considered to be white-collar offenses.

Here are a few crimes that are generally considered to be white-collar crimes:

• Embezzlement;
• Bank fraud;
• Securities fraud;
• Identity theft;
• Bribery;
• Forgery;
• Organized crime or RICO violations;
• Wire fraud;
• Insurance fraud;
• Tax fraud;
• Computer crimes;
• Money laundering; and
• Pyramid or "Ponzi" schemes.

Consequences of Criminal Convictions

While some white-collar crimes are misdemeanors for first-time offenses, because of the dollar amounts involved and the level of trust needed to successfully carry out most of these crimes, the majority of white-collar crimes are felonies punishable by a year or more in prison. Most such crimes also carry large fines and courts almost always order restitution as part of the sentence. However, the consequences of a white-collar crime go far beyond just the sentence imposed.

Conviction of a white-collar crime can lead to humiliation, loss of professional licenses, ruined reputations, and make it almost impossible to find gainful employment.

Defenses to White Collar Crimes

Every case and crime is unique. But, just because you have been charged with something, does not mean you will be convicted. There are often several defenses available for white-collar crimes.

Some common defenses include:

• Ignorance of bad actions of others
• Lack of insider knowledge
• Problems with the way evidence was collected
• Innocent mistake
• Victim of other’s criminal activity

Often white-collar cases are complicated to prosecute and to defend. Often outside experts such as forensic accountants, securities experts, and IT experts are required to help defend against serious criminal charges.

If you have been accused of or charged with a white-collar crime, you need to speak to a tough and experienced Arlington Heights criminal defense lawyer right away. You should not speak to anyone about your case until you have spoken with a lawyer. You should not speak to law enforcement without a lawyer present. Call 847-253-3100 today to schedule a consultation.

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