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May 2017 Archives

What is white-collar crime?

If you’re facing a white-collar crime charge in New York, you are no doubt aware of the seriousness of the matter. To this end, comprehending what white-collar crime actually entails is of huge importance to ensure you get the legal assistance you need when faced with severe charges.

What is white collar crime?

You may have heard the term “white collar crime” in the past (particularly given New York City’s association with global financial markets), yet do truly know what it means? Many may believe that it involves sophisticated crimes committed by savvy business people who, if caught, are sent away to resort-style federal prisons. While there may indeed be some grains of truth in that assumption, law enforcement officials take white collar crimes very seriously, often meting out punishments for them that can rival those imposed on violent criminals.

Defendants to be sentenced for embezzlement in August

New York residents who work in roles in which they have access to company or organization funds may find themselves under great scrutiny at times. These types of jobs may well put people at a greater risk of being accused of embezzling or otherwise misappropriating money. When these types of white collar crime charges are levied against a person, the potential consequences may be great.

Woman headed to prison following second embezzling conviction

Accusations of embezzlement in New York City are taken very seriously due to the financial impact that the crime can have on the victims involved. Yet a perception may exist that such activity does not warrant harsh criminal penalties due to the fact that those convicted of it are often sentenced only to probation. However, there may be a reason behind such sentencing. Convicted perpetrators of embezzlement are often made to pay restitution to those that they stole from. Repaying that debt may be next to impossible if one is incarcerated.

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