At its heart, New York white collar crime is a term used to denote a type of non-violent financial crime. But in many ways it encompasses much more than the limited definition applied to it. Those who commit white collar crimes and the schemes employed are of a high level of sophistication and detail. Additionally, the term white collar is in reference to the types of individuals who are generally charged. Potential defendants often times are business owners, business managers, financial planners, fund managers and corporate executives.
Furthermore, the schemes employed are so complex that they some times take years to unearth, if ever. For that reason there are whole departments of the government devoted to investigating these types of financial crimes.
Government Investigative Agencies
Federal Bureau of Investigation (FBI)
Department of Justice (DOJ)
Securities Exchange Commission (SEC)
National Association of Securities Dealers (NASD)
New York’s Criminal Enforcement and Financial Crimes Bureau
It is important to remember that although there are numerous Federal agencies that investigate white collar crimes that cross interstate borders, each of the many states also investigate white collar crime within their jurisdiction. These states implement investigations through their state’s Attorney General's office often monitoring small and medium size companies and their executives/ business managers.