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.
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