White Collar Crimes
According to the FBI, one out of four people will experience some form of white collar crime in the US every year. White collar crime is a category of criminal activity that includes a full range of frauds committed by both business and government officials.
The term was first established in 1939. White collar crime is categorized by deceit, concealment, or violation of trust. More specifically, white collar crime is a financially-motivated crime fueled by the desire to gain or avoid losing money, property or services for personal or business gain.
Just because white collar crimes don’t typically involve physical violence or force doesn’t mean they are victimless crimes. In fact, white collar crimes have the potential to affect hundreds or even thousands of people. White collar crime can destroy companies, rob families of their life savings, and cost investors millions—or even billions—of dollars.
White Collar Crime Is Serious Business
The majority of white collar crime cases involve business professionals or government officials, which is where the term “white collar” came into use. Currently, with online business becoming increasingly popular, the line between white collar crimes and computer crimes may often be blurred.
John Teakell, an experienced legal attorney, can help you understand the difference. With over 30 years of experience working in white collar crime cases, John Teakell works as both a prosecutor and criminal defense attorney in criminal law.
White collar crime includes all of the following:
- Bank Fraud (§ 1344)
- Wire Fraud (§ 1341)
- Mail Fraud (§ 1341)
- Securities Fraud (Securities Act of 1933 & Securities Exchange Act of 1934)
- Conspiracy (§ 371)
- Passport Fraud (§ 1543)
Texas Penal Code for White Collar Crime
Penalties and punishments for white collar crimes are defined in the Texas Penal Code. Of course, charges vary depending on the crime and the criminal history of the individual in question. Generally, the outline of white collar crime in Texas consist of the following:
- Class C misdemeanor: a maximum fine of $500.
- Class B misdemeanor: up to 180 days in jail + a maximum fine of $2,000.
- Class A misdemeanor: up to 12 months in jail + a maximum fine of $4,000.
- State jail felony: up to 2 years in jail + a maximum fine of $10,000.
- Third-degree felony: up to 10 years in prison + a maximum fine of $10,000.
- Second-degree felony: up to 20 years in prison + a maximum fine of $10,000.
- First-degree felony: up to 99 years in prison + a maximum fine of $10,000.
Let Dallas Criminal Defense Attorney John R. Teakell Help
Whether you suspect you are being investigated for a white collar crime or have already been arrested, John Teakell can help. As a former state and federal prosecutor, he has the knowledge and experience you need to contest jurisdiction, challenge evidence, find expert witnesses, and, if necessary, present your case at trial.
White collar crime is common in Texas, and requires experienced legal representation. There are a range of defenses against white collar crime for any accused individual. As an experienced criminal defense attorney, John Teakell evaluates each case thoroughly to make a defense based on the facts.
If you or a loved one is facing white collar crime allegations in Dallas, contact our office today.
Defend Yourself Against White Collar Crime ChargesIf you have been charged with a Texas State Feloney or Federal crime you need to act now. An initial consulation with John Teakell is the first step and it’s absolutely free.
White Collar Crime Articles
Recent Postings by Dallas criminal defense attorney John Teakell.
Federal Investigation – Proffer “Proffer” is information given by a target/defendant to assist prosecutions or to show the target/defendant’s limited involvement. In federal criminal investigations, “proffers” are sometimes made...read more
Conspiracy to Commit Fraud A conspiracy is basically an agreement to commit a crime, with at least one act orstep taken to try to commit the crime. The more formal definition is: an agreementbetween two or more persons to commit an illegal act, with at least one...read more
What is Insurance Fraud? Fraud is deception by false statements or representations with the intent toobtain financial or other gain. When an insurance company claims that it wasdefrauded, it refers to the activity as “insurance fraud.” People use the term“insurance...read more
What are Identify Theft and Identity Fraud?Identity theft and identity fraud are crimes in which a person uses another's personal information for economic gain or for taking on the identity of another. These activities necessarily involve fraud, deception, false...read more
What is "Use" or "Possession" of Identifying Information?In this information age most people have identity documents or other identifying information. These include credit cards, debit cards, Social Security numbers, passports, state driver’s licenses, and/or ID...read more
Health Care Fraud CasesThere are several fraud activities that are the basis for federal government investigations and prosecutions. Common prosecutions are for overbilling, upcoding, unnecessary procedures, procedures not performed, and prescribing treatments that...read more
GenerallyTax preparation services frequently become the targets of federal criminal investigations of federal tax crimes. The charges that federal prosecutors use to formally charge tax preparation business owners and managers usually are Filing False Tax Returns,...read more
OSHA and Historical Actions The Occupational Safety and Health (OSH) Act was established to ensure that employees have safe environments to do their work. The Occupational Safety and Health Administration (OSHA) is the federal agency established to enforce the...read more
Fraud Schemes Related to Cell Phones Cell phone prosecutions are commonly prosecuted in federal court by the U.S. Attorney’s Office, meaning that there are charges for fraud related to cell phone sales, or charges for selling stolen cell phones. Fraud prosecutions...read more
Federal Charges The Computer Fraud Abuse Act lists the common computer crime charges Unauthorized Access of a Computer, and Exceeding Authorization to a Computer. These allegations basically include: (1) to obtain financial, credit or other sensitive...read more
SEC Cases Generally The U.S. Securities and Exchange Commission (“SEC”) has the authority to investigate civil fraud and other related matters concerning “securities” as they relate to investors and investments schemes. The SEC is authorized to seek: injunctions and...read more
Passports and Passport Fraud The term “passport fraud” is a phrase that is used to generally describe misrepresentations in applications for a passport or visa, as well as some misuse of the passport or visa. Violations of federal law for passport fraud and...read more
Conspiracy to Commit Fraud A conspiracy is basically an agreement to commit a crime, with at least one act or step taken to try to commit the crime. The more formal definition is: an agreement between two or more persons to commit an illegal act, with at least one...read more
What is Tax Evasion? “Tax evasion” as it is generally called, is prosecuted in federal court as a felony offense that is either actually evasion of the payment of federal taxes, or the failure to file a federal income tax return. Charges sought by the U.S. Attorney...read more
Health Care Fraud Cases “Health care fraud” often means that physicians and others working with them used their jobs to fraudulently obtain monies related to medical care, such as doctor visits, medication, medical procedures, or prescriptions. Prescriptions for drugs...read more
Health Care Fraud Cases There are a variety of “health care fraud” activities that cause physicians and their staff to fraudulently obtain monies from insurance companies and/or government programs that involve doctor visits, chiropractic care, medical procedures,...read more
Government contracts fraud is an active area of law nationwide, and Dallas is no exception. When federal or state dollars are channeled through programs to individuals and companies, the public demands and, by law, has a right to see the results from those funds. But...read more
Money laundering is a serious crime in which "dirty earnings," or funds earned through criminal activities, are funneled into an operation that seems legitimate in order to "wash" the cash for mainstream use. From a legal perspective, cases of money laundering aren't...read more
Production and transportation of counterfeit goods have become more common issues in the information age, and Dallas is shaping up to be a hotspot for such activities. In the last month, there have been three noteworthy stories break involving everything from...read more
Conspiracy to commit fraud and the fraud itself are two different crimes. While both should be taken seriously, the presence of one can escalate the type of punishment that you might receive if found guilty. Take the recent case of Dr. Jorge Zamora-Quezada, who has...read more
Securities fraud can take many forms from the questionable to the egregious. One of the latter types of cases happened in our own backyard. In 2016, a McKinney pastor was charged with bilking Texans out of more than $23 million. Many of them were elderly, and in a...read more
Filing false tax returns is a serious offense that can put you on the wrong side of the IRS for some time to come. When you commit any form of tax evasion and get caught, you set yourself up for punishments of up to three years in prison (per charge) and/or a...read more
Healthcare fraud is a crime that is becoming more common, and if you look at the industry, it's almost understandable. When you can't call a hospital and get a straight answer on how much a procedure costs, you've got an environment that lends itself to fraudulent...read more
Thankfully, the only money laundering most of us have done in our lives is when we forget to empty out our pockets before doing the wash. Criminally speaking, many aren't even sure what the crime is, or they have a heck of a time explaining it. In simple terms, money...read more
Tax evasion is a scary term catapulted to the top of the national spotlight every March or April. It's understandable why you would be frightened of it. As Jerry Seinfeld once said, "They're the IRS, they can take anything they want!" While that's something of an...read more
Forged prescription practices are of growing concern in the U.S. One look at the opioid epidemic explains why. In 2017 alone, there were between 42,000 and 50,000 overdose deaths, depending on which set of numbers you believe. Legitimate. Illegitimate. People have...read more
Tax Evasion Defense An overwhelming tax debt could be hard to resolve, especially when you have accrued this debt over the years. Failing to do so could lead to serious legal consequences, at the state and federal levels. Sometimes tax evasion charges occur due to a...read more
Legal Guide A rule of thumb in bank fraud cases and any other type of white collar criminal case is that it is critically important to contact an attorney during the earliest stages. Selecting a knowledgeable, zealous white collar criminal defense lawyer may be the...read more
Legal Brief Bank Theft, EmbezzlementBANK THEFT AND EMBEZZLEMENT By John Teakell Attorney-at-Law Dallas, Texas Thefts and embezzlements from banks are often prosecuted by the U.S. Attorney’s Office in federal court, although the dollar amounts sometimes are lower than...read more
Legal Guide Abuse of federal contract has become the focal point in national media. In fact the growing concerns about bribery, federal contract fraud and abuse have led to arrays of investigations of various government contracts in Dallas and all across United...read more
Legal Guide Federal Trade Commission ViolationsTexas Antitrust Law – Federal Trade Commission ViolationsBusiness owner will be able to avoid the potential legal and business disputes by becoming familiar with the federal and state antitrust laws. Comprised of 3...read more
Legal Brief Extortion and Federal Threat CrimesTHREATENING COMMUNICATIONS, EXTORTION, BLACKMAIL AND OTHER THREAT CRIMES IN FEDERAL COURT By John Teakell Attorney-‐at-‐Law Dallas, Texas I. Generally Title 18 of the United State Code contains several federal crimes of...read more
Credit and debit card Fraud Credit card and debit card abuse is common these days. Credit card fraud law thus typically establishes criminal penalties for deceptive, unlawful or unauthorized use of another person’s credit card account in an attempt to Steal money...read more
Legal Guide Texas Deceptive Trade Practices Act (DTPA) - Deceptive Business Practices Deceptive trade practice is an activity where business or individual engages in misleading or luring public into purchasing a product or service. In Texas, the Deceptive trade...read more
PROSECUTION OF CRIMINAL SECURITIES FRAUD OFFENSES IN FEDERAL COURT By John TeakellAttorney-at-LawDallas, Texas I. Generally “Securities fraud” and other criminal offenses involving securities are prosecuted in federal court as felony offenses, and these offenses are...read more
Legal Guide EmbezzlementThe road to criminal charges of embezzlement can begin with suspicions of misappropriation of funds. An employer or management of a non-profit organization may accuse an accountant or treasurer, or someone with regular access to financial...read more
Legal Guide Insurance FraudThe Law Office of John R. Teakell in Dallas, Texas, is a valuable resource for patients or health care providers who have been charged with insurance fraud in Texas. Typical scenarios of insurance fraud include the following: Presenting...read more
Mail Fraud Mail fraud is certainly one of more prevalent forms of criminal deception, accounting for almost one third of all consumer fraud. Cited as any illegal, fraudulent act utilizing the United States Postal Service, or affiliate mail carrier, mail fraud...read more
Money Laundering People charged with money laundering in the Dallas-Fort Worth area or anywhere in the state of Texas are encouraged to seek the counsel of attorney John R. Teakell. Mr. Teakell has amassed a significant amount of experience, achieving favorable...read more
Legal Guide Mortgage FraudMORTGAGE FRAUD CRIMES IN FEDERAL COURTI. Generally“Mortgage fraud” as it is generally called, is prosecuted in federal court as a felony offense that usually involves misrepresentations to a bank or other lender, or to a mortgage broker, real...read more
Legal Guide Passport Fraud Generally The term “passport fraud” is a phrase that is used to generally describe misrepresentations in applications for a passport or visa, as well as some misuse of the passport or visa. Violations of federal law for passport fraud and...read more
Legal Brief Prescription Fraud Prescription Fraud Prosecutions By: John Teakell Attorney-at-Law Dallas, TX Charges in both State and Federal courts where a person fills a forged prescription, phony prescription, or chooses to change what they were prescribed. I....read more
Legal Guide Engaging in Organized Criminal ActivityEngaging in organized crime’ and criminal activity is a steep legal charge, which is generally utilized when a group works in sync to commit a crime. In lay language when criminal activity is conducted in a rather...read more
Legal Guide Forgery A fundamental key to a successful defense in a forgery case is the representation by an experienced criminal defense lawyer. The earlier in the case that the attorney is on board, the more options there will be and the greater likelihood there is...read more
FEDERAL PROSECUTION OF COUNTERFEIT GOODS/PRODUCTS By John TeakellLaw Office of John R. Teakell Dallas, TX I. INTRODUCTIONWhen a person hears the word “counterfeit,” he/she usually thinks of counterfeit “money” or counterfeit “currency” or counterfeit “bills.” Although...read more
Prosecution of Counterfeit Money Possession and Passing Counterfeit Monies By John TeakellAttorney-at-LawDallas, Texas I. OVERVIEWProsecutions in federal district courts in the United States (U.S. District Courts) for violations of counterfeit currency are prosecuted...read more
Counterfeit Charges Counterfeit currency possession and/or trafficking charges are not the only types of counterfeiting charges which can be brought against a person. Since 1984, when the Trademark Counterfeiting Act was introduced, it has been illegal for a person to...read more
Prescription Fraud by Medical Professionals Drug trafficking conspiracy cases are commonly prosecuted in federal court, but cases of doctor’s prescriptions for pain medications are not the usual conspiracy to distribute controlled substances. Often the pattern of drug...read more
Conspiracy To Commit FraudA Frequent Charge Used In Federal White‐Collar CasesJohn TeakellLaw Office Of John R. TeakellDALLAS, TX I. IntroductionA conspiracy is defined as an agreement between two or more persons to commit an illegal act, with at least one...read more
Credit Card Fraud/Identity Theft In Texas the statutes prohibiting credit card abuse and identity theft crimes have been enacted at all levels of government. Credit card Fraud/identity theft is common these days. The law establishes criminal penalties for deceptive,...read more