White Collar Crime Lawyers in Park City, UT

What Are White Collar Crimes?

White-collar crimes refer to non-violent, financially motivated offenses typically committed by individuals, businesses, or government officials during their professional activities. Unlike traditional crimes involving physical force or threat, white-collar crimes use deception, fraud, and breach of trust to achieve financial gain. These crimes can be prosecuted at both the state and federal levels, depending on the nature and scope of the illegal activities.

Types of White Collar Crime

Many varieties of white-collar crime exist, including but not limited to: 

• Fraud: This broad category includes various forms of deceit to secure unlawful financial benefits. Types of fraud include securities fraud, mortgage fraud, and insurance fraud.
• Embezzlement: The misappropriation or theft of funds entrusted to one’s care, often committed by employees or public officials.
• Money laundering: Disguising the origins of illegally obtained money to make it appear legitimate. This often involves complex financial transactions to “clean” the illicit funds.
• Bribery: Offering, receiving, or soliciting something of value to influence the actions of an individual in a position of power, usually in government or business.
• Identity theft: Acquiring and using another person’s personal information, such as Social Security numbers or bank account details, for illicit gain.
• Tax evasion: The illegal act of not paying taxes owed by underreporting income, inflating deductions, or hiding money.
• Insider trading: Trading a company’s stocks or other securities by individuals with access to confidential, non-public information about the company.
• Conspiracy: An agreement between two or more parties to commit an illegal act, often involving white-collar criminal activities such as fraud or embezzlement.
• Industrial theft or espionage: The theft of trade secrets, proprietary information, or other confidential business materials to gain a competitive advantage that can severely damage companies and markets.
• Pyramid schemes: A fraudulent investment scam where returns are paid to earlier investors using new investors’ capital. These schemes require a constant influx of new participants to survive, eventually leading to collapse.
• Ponzi schemes: Similar to pyramid schemes, Ponzi schemes involve promising high returns with little to no risk to investors. They use funds from new investors to pay returns to earlier investors, creating the illusion of a profitable enterprise until the scheme inevitably fails.

Why You Need a Competent & Thorough White Collar Crime Attorney