Most white collar criminals don’t end up on the cover of the New York Times, but that doesn’t mean they aren’t still a common concern, both for individuals and for businesses.
What counts as white collar crime in South Carolina? What sort of repercussions would someone convicted of white collar crime face?
Let’s take a look.
While there are as many ways to commit white collar crime as there are individuals who make the decision to do so, these cases usually have four important elements in common:
Good examples of a white collar crime would be an accountant “cooking the books” to provide fraudulent information to the federal government on behalf of a business, or an office employee using the company credit card to embezzle funds from their employer.
In the famous cases listed in our first paragraph, the crimes involved fraudulent financial behavior that deeply affected employees and customers of the companies involved.
Most white collar crimes can fall under the umbrella term “fraud”, or misrepresenting the truth to gain financial benefit.
Under that umbrella are several different subcategories, including:
Many people assume that since white collar crimes are by definition nonviolent, that they would involve no truly serious repercussions. Movies and other popular culture have pushed the myth of “easy time”, suggesting that white collar crimes aren’t taken particularly seriously and will involve little, if any, significant penalties.
In fact, white collar cases are categorized as criminal, and many are considered federal crimes committed against the United States government.
If you’re accused of white collar crime in South Carolina, you could be facing a monetary fine, prison sentence, or combination of both. Criminal laws do authorize severe maximum penalties, and many defendants receive less than the maximum sentence, but this isn’t guaranteed.
The sentencing judge may consider certain factors about the case when deciding on the sentence, including the nature of the crime and if the defendant has a prior criminal record.
Someone without a significant criminal record may be sentenced to probation, a “suspended sentence”, or face time in jail. They may be required to pay certain fines, forfeit the profits of their fraud, or pay restitution to the victims affected.
Those facing more severe penalties may face time in prison.
Anyone convicted of one of these crimes could have a difficult time pursuing gainful employment in the future, or deal with financial stress as a result of the imposed penalties or fines.
When accused of white collar crime, it’s essential to have legal representation with experience in the area of Criminal Defense. Our Criminal Defense team has represented individual accused of DUI, drug offenses, property crimes, white collar crimes, and more. Request your free consultation by phone at (803) 779-7599 or contact us online at any time.