White collar crimes are nonviolent, usually financially-oriented theft crimes that are committed in the workplace or using workplace resources. Although they do not directly harm individuals, the repercussions of white collar crimes can seriously damage businesses large and small, as well as the individuals in those businesses. On a large scale, some white collar crimes can even affect the economy as a whole and the government. If you have been charged with a white collar crime, it is important that you retain skilled legal counsel immediately. A Minneapolis, Minnesota criminal defense lawyer can give you more information about the charges levied against you as well as your potential defenses.
Types of white collar crimes include:
Many people believe that because the crimes are nonviolent or “white collar,” that the penalties are not as severe. This could not be farther from the truth. Many white collar crimes are violations of federal law, meaning they are investigated and prosecuted by powerful federal agencies such as the Federal Bureau of Investigation (FBI) and the Securities Exchange Commission (SEC). White collar criminals can be sentenced to decades in state or federal prisons, and it is not uncommon for someone convicted of a white collar crime to have to pay tens of thousands of dollars in fines in addition to repaying the money stolen and restitution to victims.