White collar crimes are generally financial crimes designed to defraud a person or institution of money. Although white collar crimes may initially seem to be less serious than other criminal offenses, they can be and are punished by lengthy prison sentences. For this reason, it is essential to hire an attorney in Paterson to defend you from charges. Here is a look at some of the most common white collar crime charges and how your criminal lawyer can help.

Fraud is a broad term that encompasses many different types of white collar crimes. Securities fraud, for instance, may involve using insider information about a corporation to make decisions about buying or selling stocks or releasing false information about a company’s financial standing to entice investors. Embezzlement – another type of fraud – occurs when someone takes money that he or she has access to through a special position. For instance, an employee who diverts money from a company to a personal account or a board treasurer who skims off the top of the group’s funds could be charged with embezzlement.

Tax Evasion
Tax evasion is the act of avoiding paying taxes you owe to the government. There are several different ways to commit tax evasion, including intentionally putting false information on your tax forms and performing an illegal property transfer to avoid paying taxes on it. Both individuals and corporations can be charged with tax evasion. A criminal lawyer can help with personal charges, while a business lawyer may be the best option for corporate tax evasion cases.

Money Laundering
The act of putting money gained through illegal means through a series of transactions to obscure its original source is money laundering. Typically, money is deposited into a bank, put through several transactions, and then mixed with legal money to make purchases. Money laundering can violate both state and federal laws, so hire an experience criminal defense attorney if you face these charges.