If you have ever seen the movie, “The Wolf of Wall Street,” then you have some idea of what white collar crime is. When you hear the word crime, most people think of blood, dead bodies or violence. White collar crime is a type of nonviolent crime that typically does not involve any sort of physical violence. The term white collar crime was coined in 1939 and now encompasses a wide range of crimes, mostly dealing with gaining profits. According to the Federal Bureau of Investigation (FBI), white collar crimes are characterized by deceit, concealment or violation of trust. Though these crimes do not physically hurt people, they are not victimless crimes and they can destroy companies and cost people billions of dollars.

Types of White Collar Crime

There is a large variety of crimes that fall under the white collar crimes umbrella. Crimes that are considered to be white collar crimes include:

• Corporate Fraud: One of the main areas of interest to the FBI is corporate fraud. Corporate fraud includes activities such as falsification of financial information, insider trading and other schemes that were designed to conceal corporate fraud activities and prevent them from being discovered by other governing bodies, like the Securities and Exchange Commission (SEC).
• Money Laundering: Money laundering occurs when an individual or company conceals or disguises their profits from criminal activities to make them look like they came from a legitimate source.
• Embezzlement: This crime occurs when a person takes personal property from someone who entrusted that property with them. Typically, embezzlement involves the misappropriation of funds and can happen in situations like when an employee finds a way to funnel company money into their personal bank account.
• Investment Fraud: Investment fraud typically involves low or no-risk investments, overly consistent and/or guaranteed returns and complex strategies. One of the most famous types of investment frauds is Ponzi schemes. These schemes usually rely on funds from new investors to pay the debts owed to old investors.

A Wheaton, IL White Collar Crime Defense Lawyer Can Help

Among other law enforcement agencies, the FBI is the main investigating body for white collar crimes. This means that you can face federal charges for white collar crimes, which almost always carry sentences that are more strict than state charges. If you are facing charges for any type of white collar crime, a skilled DuPage County white collar crime defense attorney can help. At the Davi Law Group, LLC, we will launch a full investigation into your case so we can provide you with the best defense possible. Call our office today at 630-580-6373 to schedule a free consultation.

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Over the years, there has been a gradual shift in the method consumers use to make their payments. In the beginning, the only option was cash, followed by a shift to checks for the added security of the money that people had. In more recent years, there has been a transition to debit and credit cards as the primary payment option. Still, checks are used as a form of payment for many and also in bill pay options. Occasionally, an automatic check payment is mailed directly from the bank.  

As a payment is scheduled in advance, the account owner may potentially forget that a deduction will occur and by the time the check is withdrawn from the account, there is simply not enough money to cover the funds requested. If this happens even once, the bank will sometimes make the payment and charge additional fees for the inconvenience. Although, consistently writing bad checks can result in significant legal trouble.

The Offense

A consumer may write a check to a bank for money they do not have in the account and also a company can write a bad check to an individual, such as an employee. To knowingly do so is considered to be a deceptive practice, which is illegal. Although the first offense can be prosecuted, evidence of prior knowledge is indeed accumulated by the second and third offenses.

There are several different types of crimes, and white collar crimes are some of the most complicated kinds of cases to defend. Most white-collar crimes are financial crimes. However, contrary to popular belief, they are not crimes committed only by the wealthy and powerful.

Types of White Collar Crimes

White collar crime is not an official crime designation under the law. Generally, the term white-collar crime is used to refer to non-violent property crimes. Often, they have a financial component. The following examples of crimes in Illinois are widely considered to be white-collar crimes:

• Credit card fraud;
• Writing bad checks;
• Embezzlement;
• Identity theft;
• Securities fraud;
• Insurance fraud; and
• Bribery tax fraud.

Common Defenses