White collar crimes are non-violent crimes committed in business settings and involve deception, misrepresentation, or dishonesty for financial gain. A partial list of white collar crimes appears below. These cases may be prosecuted in either state or federal court depending on whether a state or federal law is involved.
Whether financial fraud, securities fraud, money laundering or embezzlement was performed by a corporation or individual, the government will put experienced and specially-trained investigators and prosecutors to work. These situations involve complex interactions with the law and require an incredible amount of attention to detail to protect your rights.
Most of the white collar crime prosecutions in state and federal court are for felony cases that require a lot of investigation prior to the filing of charges.
Punishment in state court for white collar crimes is usually determined by the amount of money that is stolen or embezzled. See below.
Statutory Ranges of Punishment
$2500 – $30,000
180 days to 2 years and a fine up to $10,000
$30,000 – $150,000
2 to 10 years and a fine up to $10,000
$150,000 – $300,000
2 to 20 years and a fine up to $10,000
$300,000 or more
5 to 99 years and a fine up to $10,000
Punishment can also include restitution of the stolen funds, forfeiture of any assets obtained with stolen funds, and civil penalties. In federal court, punishment is generally determined by sentencing guidelines that reflect the amount of money stolen or embezzled; probated sentences are rarely given by federal judges.
Types of White Collar Crimes, Fort Worth/Dallas
Antitrust Violations-Abusive practices harming trade and commerce such as price fixing, restraints, price discrimination, monopolization
Computer and Internet Fraud-Using the internet to perpetrate fraud practices by hacking or illegally intercepting electronic transmissions.
Credit Card Fraud-This is a very broad term for theft involving a credit or debit card with the purpose being to obtain goods without paying for them or obtain unauthorized funds from an account.
Phone and Telemarketing Fraud-A scheme in which a criminal communicates via telephone to obtain credit card or identity information, lure victims into advanced fee scams, ask victims to pay money in a pyramid scheme, pose as a charity receiving “donations” or other similar activities.
Bankruptcy Fraud-This may involve concealing assets, intentionally filing false or incomplete forms, or submitting multiple forms with false or real information in multiple states.
Medicare/Medicaid Fraud-Filing dishonest health or medical claims in order to make a profit. This can include illegal billing practices, altering medical forms or records, waiving co-pays, intentionally reporting incorrect diagnoses or procedures for profit, accepting or giving kickbacks for member referrals and prescribing additional or unnecessary treatments.
Violations of Environmental Law-Refusing to comply with environmental regulations and attempting to hide noncompliance. Violations include littering, improper waste disposal, illegal use of pesticides in agriculture, burning garbage, smuggling illegal chemicals into the country, destruction of wetlands, oil spills, and releasing certain particulates in amounts surpassing the regulatory caps.
Insurance Fraud– Common types include premium diversion, fee churning, asset diversion, workers’ compensation fraud, and filing false insurance claims.
Mail Fraud-Using mail and wire communication to fraudulently obtain funds from victims for fictitious or fraudulent services or goods. This includes employment fraud, financial fraud, fraud against older Americans, sweepstakes and lottery fraud, telemarketing fraud, etc.
Government Fraud-Intentionally swindling the government by way of bribery, collusion, false or double billing, false certification of the quality of parts or test results, etc.
Tax Evasion-Illegally and intentionally avoiding paying taxes to the government. Either by falsifying or hiding income, profits and gains, deductions, etc.
Financial Fraud-Intentionally falsifying information during financial transactions. This includes predatory lending, Ponzi schemes, scamming the elderly, and securities fraud.
Securities Fraud-Also known as stock fraud, this practice misleads investors to make bad purchases or sales decisions based on false information.
Insider Trading-When individuals with access to non-public, company stock information, take advantage of their post and reveal, or trade stock information.
Bribery-Intentionally offering goods, services, or other forms of compensation to encourage the recipient of such bribes to benefit the interests of the giver in a way that would not happen otherwise.
Kickbacks-A form of bribery in which the bribe taker is “paid” a commission for his services, or as a quid pro quo.
Counterfeiting-Manufacturing inferior goods, and representing and selling them under a branded name.
Public Corruption-Taking advantage of the trust of the public, or abusing power by those in a federal, state, or local government role.
Embezzlement-Taking advantage of one’s trusted position in the company to manage the funds to misappropriate funds for the purpose of theft.
Economic Espionage and Trade Secret Theft-An international form of espionage, or spying, in which governments gain information about organizations in an unethical manner, such as using bribes, trade secrets, blackmail, and surveillance.
Call Our DFW White Collar Lawyer Today!
If you believe you are under investigation for, or may be implicated in white collar criminal activity in Dallas/Fort Worth you need a local, Fort Worth white collar criminal defense attorney who has experience handling complex cases. Justin Sparks will do so and will take the time to thoroughly research, investigate, and evaluate every detail of the charges against you. The Fort Worth (TX) white collar crime lawyers at the Sparks Law Firm offer free consultation. Once hired, we will use experienced investigators and consultants in our extensive pre-trial preparation.
Justin Sparks has been defending clients across Fort Worth and Dallas for over ten years. Our firm helps you through the criminal process, from investigation to appeals, if need be. Free consultations for all new cases.