White-collar crimes may sound like something out of a movie, but the truth is, individuals commit these crimes every day. While these crimes generally don’t involve physical violence, they can still cause serious harm, and in turn, may have serious consequences. Read on to learn more about white-collar crimes in New Jersey and what to do if you are facing charges.
What are Common White Collar Crimes?
Though there are various types of crimes that fall under the category of white-collar crime, these crimes generally all involve theft. Some of the most common examples of white-collar crimes include:
- Ponzi schemes: The most widely-known Ponzi scheme is that of Bernie Madoff. Ponzi schemes promise investors results that are too good to be true and end up stealing investor’s money. This type of crime is also known as a pyramid scheme. This is because it gets many other parties involved and only benefits those at the top.
- Extortion: Extortion involves blackmailing or threatening an individual on the terms that if they do not hand over money, they will be publically embarrassed or shamed.
- Embezzlement: This is when an individual that a company trusts with funds misappropriates or underhandedly manages those funds for their own financial gain.
- Corporate fraud: Companies commit corporate fraud when they falsify information to save or make money.
- Bankruptcy fraud: This is when an individual lies to the bankruptcy court either by hiding or withholding certain information when filing for bankruptcy.
Partaking in any of the above can result in serious consequences.
What do I do if I am Facing Charges for a White-Collar Crime?
Some of the consequences you can face for a white-collar crime include:
- Heavy fines
- Supervised release
- Imprisonment
- Forfeitures
- Restitution
- Community confinement
- Home detention
White-collar crimes are taken very seriously in New Jersey. If you are facing charges for a white-collar crime, you will need to enlist the help of an experienced criminal defense attorney. A skilled attorney will fight to lower your charges. Our firm will work to explore all potential avenues of defense. Do not hesitate. When it comes to a criminal defense case, time is of the essence. Reach out to our firm today.
Contact our Firm
The dedicated and compassionate attorneys at Vigilante Law Firm, P.C. would be happy to provide you with assistance in your case and help you protect your future when so much is on the line. Contact us today to schedule a consultation so we can assess the specific circumstances surrounding your lawsuit.
