posted by Eric Schutzbank

White Collar Crimes in Massachusetts cover a broad range of financially motivated nonviolent criminal activities including embezzlement, fraud, employee theft, and forgery. They can also include internet-related crimes such as identity theft and credit card fraud. Statistics show these crimes account for over $400 billion in losses to the U.S economy alone.

In Massachusetts, penalties for white collar crimes are especially serious; therefore, it is important to seek the counsel of attorneys who are experienced in defending these types of crimes to ensure the best outcome.

Common Types of White Collar Crimes:

  • Financial Fraud: Conspiracy to commit or committal of insurance fraud, mortgage fraud, embezzlement, identity theft, insider trading, healthcare/welfare fraud, tax evasion, etc.
  • Corruption: Bribery, violation of laws by a public servant or official, or unethical behavior by a local or government employee for personal gain.

Penalties for white collar crimes in Massachusetts can include but are not limited to jail time, fines and restitution, and hours of community service. The seriousness of these penalties depends on the crime, the amount lost by the victim, the criminal record of the accused and any potential projected loss for future earnings. For example if you are convicted of forging a check you could face up to ten years of prison time. Insider trading charges can result in possible incarceration for up to 5 years in state prison and fines exceeding $25,000.

Currently, white collar crimes affect more Americans than any other crime combined. Though these types of crimes may be common, they can often be complicated to defend.

If you have been accused of a white collar crime, it is imperative you speak with an attorney as soon as possible. Defense of these cases can often be complex so choosing the right attorney could mean the difference between serious jail time and complete exoneration.

Categories: Articles and Criminal Defense.