White-collar crime is when fraud is committed within an institution, usually a financial entity. Criminals of white-collar crimes make credit unions, banks, and other financial institutions their primary targets. Unsuspecting may become victims of white-collar crime when personal data and accounts are compromised. Another form of white-collar crime involves misapplication and embezzlement of a business’ funds. If you are involved in a white-collar crime, you need assistance from the best white-collar crime attorney.
What Defines a White Collar Crime?
A white-collar crime is a crime that corrupts the public, typically not violent. Some types of white-collar crime include mortgage fraud, money laundering, health care, and securities fraud.
Edwin Sutherland, an American criminologist, first coined the term “white-collar crime” in 1939. It got its name because of the perpetrator’s attire, mostly politicians, high-ranking professionals, and businesspeople. However, white-collar crimes have ceased being in an exclusive group since Sutherland’s statement.
What are the Different Types of White Collar Crime?
There is a wide variety of types of white-collar crime that are committed. These crimes include the following:
- Internet crimes
- Securities and/ or tax violations
- Mortgage fraud
- Employment Theft
- Fraud against health insurance or Medicaid
- Money laundering
- Bank fraud
- SEC violations
- Bank robbery
- Identity theft
- Immigration violations
The bottom line with a white-collar crime is the criminal is aiming for financial gain through fraud and deceit. Attempts to get at another’s money or assets are the motivation behind the white-collar crime. Although white-collar crime is not as violent as common street crimes, it has a greater impact on the economy.
Contact a Professional for the Next Step
If you believe you are involved in a white-collar crime, you will need assistance from the best white-collar crime attorney. Get in touch with the legal professionals at the Brennan Law Office.
When you have the best white-collar crime attorney to back your claim you can be confident the right steps are taken. You need the Brennan Law Office on your side.
Contact the Brennan Law Office at 215-568-1400. Call us today and schedule a free consultation appointment and learn how we can help.