The experienced lawyers at Khonsari Law Group are knowledgeable advocates for clients who have been charged with a white-collar crime.
White-collar crime is a term first used in 1939 to define crimes that have to do with a range of frauds. White-collar crimes are characterized by:
- Violation of trust
White-collar crimes are motivated by money, and generally do not depend on threats, physical force, or violence. White-collar offenders are often looking to obtain or avoid losing money, property, or services, to secure an advantage personally or in business.
If you or a loved one are facing criminal charges because of a white-collar crime, speak to a lawyer at Khonsari Law Group and learn if we may be able to help you. Our team of legal professionals is dedicated to giving our clients the strongest defense possible, and working for the best outcomes we can attain in every case. Contact our office at (727) 269-5300 or online to schedule a free consultation.
White-Collar Crime Examples
- Insider trading. Lifestyle mogul Martha Stewart infamously spent five months in a federal prison for insider trading. This crime involves a person buying or selling stock on the basis of non-public information that may have come from someone inside a corporation or the trading industry. In Stewart’s case, a doctor working with a corporation that created a new drug for curing cancer disclosed the drug’s failure to his friends and family before the corporation’s stocks suffered the expected resulting drop. Stewart used that information and sold her stock, making $45,000 in the process. Insider trading is a serious offense, with a range of penalties, including incarceration
- Federal tax evasion. In 2014, Credit Suisse helped United States citizens avoid paying taxes by hiding their incomes from the U.S. Internal Revenue Service. The company was ordered to pay $2.6 billion in penalties.
- Investor fraud. Bernard Madoff, the founder of a successful—but fraudulent—Wall Street investment firm, may be the best-known white-collar criminal in recent history. In 2009, he was convicted of fraud that cost his investors an astounding $65 billion. His Ponzi scheme promised large amounts of money as a return on investments made by his trusting clients. Madoff never invested the funds, and instead pocketed it all. He was sentenced to 150 years in prison.
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White-collar crimes cost the United States government and taxpayers over $300 billion annually, and white-collar offenses may occur anywhere, from a Fortune 500 company to a medical system to a small business. Such offenses may include:
- Insurance fraud
- Internet fraud
- Credit card fraud
- Money laundering
- Healthcare fraud
The lawyers at Khonsari Law Group have experience defending clients charged with white-collar crimes. We know these cases are often complex, sometimes contradictory, and always difficult for clients and their families. Unfortunately, it can be possible to commit a white-collar crime even if the actions were undertaken at someone else’s direction, or the person did not understand or know their actions were in violation of the law. While the facts leading up to the charges cannot be changed, our lawyers will always strive to make the strongest defense for our clients, and work for the best possible outcome for each case.
If you are charged with a white-collar crime in Tampa, speak to a defense attorney as soon as possible. Contact Khonsari Law Group at (727) 269-5300 or online for a free consultation. We will evaluate your case and help you understand your options. Contact us today and learn if we can help you.