When it comes to white collar crime charges, the consequences can be devastating. However, it is important to keep in mind that these types of crimes take many forms and are not limited to incidents that occur within major corporations. In Brooklyn, and across all parts of New York, those who are accused of committing a white collar crime may have their lives upended in various ways. From time behind bars to costly fines and a damaged reputation, being accused of this type of offenses can shatter your life.
According to the Federal Bureau of Investigation, there are a wide variety of white collar crime charges that people face. For example, some people may not realize that piracy and intellectual property theft is considered a white collar crime. Other examples include identity theft, investment fraud, money laundering, embezzlement, market manipulation, health care fraud and mortgage fraud.
Sometimes, people think that certain white collar crimes are victimless and less serious than other offenses. However, these accusations can carry significant penalties. In fact, if you are accused of a white collar crime, you could find your entire life upended. In addition to the penalties you may face, your reputation may be shattered beyond repair. For example, you could struggle in the future when you are trying to apply for a job, or your business could be permanently impacted by the allegations. As a result, it is crucial to make sure that you closely look at all of your legal options and identify the most sensible direction forward.