White-collar crimes are quite the opposite of violent crimes that are motivated by revenge, bias, or feelings of animosity. However, this is not to say that the state of New Jersey does not take this criminal offense seriously. As a matter of fact, the consequences associated with this crime may still be severe, and possibly even life-altering. Follow along to find out common examples of white-collar crimes and how a proficient Morristown criminal defense lawyer at Graves Andrews, LLC can work to shield you from its potential penalties.
What are common examples of white-collar crimes in the state of New Jersey?
First of all, white-collar crime is an umbrella term for crimes of theft and fraud. Such crimes are essentially motivated by money; they are usually committed by educated professionals who hold leading roles in businesses, along with government professionals. That said, common examples of white-collar crimes that are seen in the state of New Jersey are as follows:
- Credit card theft.
- Insurance fraud.
- Securities fraud.
- Money laundering.
- Corporate crime.
- Antitrust violations.
- Foreign Corrupt Practices Act (FCPA) violations.
- Whistleblower retaliation.
What are the potential penalties for this type of crime?
Of note, you may be facing federal charges if you are found guilty of a white-collar crime. With multiple federal agencies running criminal investigations on you (i.e., the FBI, IRS, SEC, etc.), you may be subject to additional charges.
The state of New Jersey similarly takes the possibility of a white-collar crime seriously. So if you are tried in the presence of a New Jersey criminal court, you may be up against any or all of the following penalties:
- A prison sentence, in a low-security facility, of up to 20 years.
- House arrest as an alternative to a prison sentence, with limited travel, work, and/or computer access.
- Probation as an alternative to a prison sentence or house arrest, with conditions for employment, education, and/or computer access.
- A fine of anywhere between a few hundred dollars to thousands of dollars.
- A mandatory seizure of assets that were acquired through your white-collar crime.
- A mandatory seizure of assets that were used to carry out your white-collar crime.
- Hefty financial penalties from civil lawsuits brought by victims, suing to seek financial losses.
- Hefty financial penalties from civil lawsuits brought by the government, suing to seek disgorgement.
This is not to mention the long-term consequences that such a conviction will have on your reputation in the field, your future earning capacity in the field, and your overall future. So, if you are being accused of a white-collar crime, you must not hesitate and reach out to a talented Morristown criminal defense lawyer as soon as you possibly can. Our team at Graves Andrews, LLC will be awaiting your phone call.