Committed by high-ranking officials like government professionals and
entrepreneurs, white collar crimes, in general refers to financially motivated
non-violent crime. Following are some of the white-collar crimes and it
includes:
·
Fraud
·
Bribery
·
Ponzi schemes
·
Insider trading
·
Embezzlement
·
Cybercrime
·
Copyright infringement
·
Money laundering
·
Identity theft and
·
Forgery
To form a pyramid scheme
in Texas, Houston is against the law. Classified
under the category of investment fraud, carried out over a digital medium such
as an e-mail, there are many people who will create forged schemes in order to make
money. The process is to send emails declaring that the recipient will get
massive returns on small investments if they can make a payment to a business
venture. As a result, many people will invest into the proposed business plan
thereby making others invest as well. Based on the number of people recruited, investment
scheme’s amount of money will cultivate. Ultimately, on the other hand, the
entire scheme subsides as the money was not being invested in any firm plan; thereby
leaving all victims with no money.
To create, prepare,
sell, operate, advertise, or promote a pyramid scheme in Texas is against the
law. People who are convicted in association with a pyramid scheme will have a state
jail
felony on their trace which means 180 days and two years in a state prison and
a fine of up to $10,000.
If you are accused of this
deceptive practice then you need a professional Houston based criminal attorney
who will help you prove innocent of the crime.
