Federal White Collar Crimes
A “white collar” crime is a class of crimes committed by professionals, business people and public officials that generally involves a deliberate attempt to mislead others. Most white collar crimes involve some form of theft or fraudulent representation for the purpose of obtaining money under misleading circumstances.
Most white collar offenders are ordinary people who for a multitude of reasons make rash or uncharacteristically poor decisions. They see their way out of difficulty through illegal and fraudulent means. Often, a good defense can be found for these situations.
Several key considerations come into play in facing white collar charges.
Financial Damages and Restitution
The penalty for a white collar conviction can include enormous amounts of restitution that could keep you indebted for the rest of your life. The restitution amounts depend in large part on the prosecution’s ability to prove damages. Disproving or mitigating these damages must be a top consideration of your defense team.
Sentencing guidelines can dictate a particular amount of prison time for each count or for each X dollars of damage. Judges often have wide latitude in issuing prison sentences in these crimes. The right defense team can have a dramatic outcome on the amount of prison time you serve or whether you even are sentenced to prison at all.
Even if you avoid prison time and severe financial penalties, the conviction on a white collar crime can destroy your professional reputation and career. The mere accusation of misconduct can damage your career. For this reason, white collar accusations should be aggressively defended even when the prosecution’s case appears to be flimsy.
If you or someone you know may be facing white collar criminal charges, do not hesitate to call Madsen & Wright now at (702)-566-1212 or contact us online here . Early intervention is critical to obtaining the best results.