At its heart, 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 takes years to unearth, if ever. For that reason there are whole departments of the government devoted to investigating these types of financial crimes. Some of these government agencies are the:
1. Federal Bureau of Investigation (FBI)
2. Department of Justice (DOJ)
3. Securities Exchange Commission (SEC)
4. National Association of Securities Dealers (NASD)
5. 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 through their state’s Attorney Generals office often investigating small and medium size companies and their executives and business managers.
These Federal and State agencies investigate a wide variety of financial white-collar crimes such as:
1. SEC Violations / Securities Fraud
2. Insider Trading
3. Insurance Fraud
4. Mortgage / Real Estate Fraud
6. Corporate Fraud
7. Money Laundering
9. Mail Fraud
10. Wire Fraud
11. Racketeering and RICO
With this said, one can clearly see that these investigating entities have a vast array of resources from which to draw from in order to prosecute their cases. That is why individuals charged with white-collar crime should take the steps necessary to source experienced legal counsel with the know-how and wherewithal to help navigate and defend against these charges in order to protect the defendant’s constitutional rights. With Years of experience in both State and Federal Courts, The Kushner Law Group is here to protect your company from and your rights against white-collar criminal prosecutions.