White Collar Crime

It is a nonviolent crime committed for financial gain. White collar crime was defined in 1939 by Edwin Sutherland as one “committed by the person of respectability and high social status in the course of his occupation”. Because of the complexity and the seductively of white collar accusations, prosecutors often make mistakes. But it takes an experienced Houston criminal defense attorney, with expertise in white collar cases, to uncover these problems.

Examples of white collar crime

• Fraud
• Bribery
• Identity Theft
• Black Mail
• Embezzlement
• Counterfeiting
• Money Laundring
• Computer Crimes
• Perjury
• Forgery

One of the common crimes committed by the white collar workers is embezzlement. This type of offense happens when the particular person dishonestly handles the company money for his or her use. For example: A particular employee takes the money from the bank for his or her personal use.

Causes of white collar crime

Greed and bad economy is one of the main causes of white collar crime because many criminals make good money and that does not stop them from making more. These peoples do not use weapons to pull off their crime. They use their wit. Some get away with it for years without getting caught and some may never get caught. People become much afraid of the future because of the poor economy people decide to take measures to financially protect themselves in illegal ways.

Effects

Financial cost: According to the Cornell Legal Information Institute, it was estimated in 2010 that white collar crime cost the U.S. $300 billion.

Jobs: When the dishonest person gains huge profits from the sales of shares the company will be pushed in to the job loses, where many of these employees will lose the savings from the company

If you found that you are under the investigation of a white collar crime, then it is necessary to hire a Houston criminal lawyer. Keep in mind that you should not talk about the offenses before consulting with the white collar attorney in Houston TX.