White-collar crimes are non-violent, but they still carry potentially significant prison sentences and fines. If you are accused of a white-collar crime, you will need a criminal defense attorney in Paterson, NJ, to represent you in court and help to fight for your rights. There are several different types of crime that are considered to be white collar. Here is a closer look at some of the common types of white-collar crime charges.
Embezzlement occurs when a person takes money from another person or organization for whom they perform regular duties. For instance, a person who takes company money for their personal use is committing embezzlement, as are investment brokers who use their clients’ fund improperly. The consequences for embezzlement charges depend on a number of different factors, including the amount of money taken and the wishes of the person who was victimized. A criminal defenses attorney may be able to help a client avoid more serious penalties if he or she is able to repay the money that was stolen.
Money laundering is a serious charge, particularly because it is often tied to other kinds of crime. A person who launders money takes money that is involved in an illegal transaction, such as selling drugs, and then passes it through several transactions to separate it from its illicit source. The goal is to mix money obtained through criminal activities with legally obtained money so that it can be spent without leaving a trail back to the original crime. Money laundering requires a high degree of skill, and cases are often extremely complex. An experienced criminal defense attorney can help clients navigate the charges and build a strong defense.
Tax evasion involves taking steps to avoid paying taxes that are owed to the government. It does not include mistakes that lead to underpayment or failure to pay but instead actively working to avoid known taxes. Both an individual and a corporation can be charged with tax evasion.