If you're facing extensive criminal charges for a white collar crime like embezzlement, securities violations, fraud or something similar, it's only natural to feel a host of strong emotions. You may be depressed at the potential penalties and the turn your life has taken. You may be angry at whatever situation started the whole mess. You may be frustrated at the way you are being perceived in the press.
When the college admissions scandal recently broke, involving some of the most prominent figures in entertainment and business in the country today, people experienced a range of emotions: shock, dismay, disgust and surprise. Many people didn't realize that paying someone to take your child's college entrance exams or bribing your way onto a college sports team to gain admission was a federal crime.
Do you ever wonder why only a few people end up committing white collar crimes like embezzlement or money laundering?
Embezzlement is, essentially, a type of theft that's accomplished through deception and an abuse of privilege or power rather than the kind of theft that happens with a mask and a gun. Embezzlement occurs when someone who has lawful access to money diverts it away from its proper owner or purpose for personal use.
It's all too easy to become involved in a federal criminal investigation these days. You just have to work in an office, handle certain pieces of paperwork or be present when some questionable events occur to end up facing investigators.
There's been a lot of media attention on the high-profile arrests of executives for a variety of white collar crimes, including securities violations, tax evasion and violating laws regarding United States sanctions.
Restitution is designed to compensate the victims of a crime for their financial losses as much as possible. It's commonly ordered when someone is convicted of a financial crime, like embezzlement or fraud.
A doctor in Illinois was recently convicted of health care fraud, identity theft and lying about the delivery of medical treatment in a case involving $3.5 million worth of fake operations.
Insider trading is illegal, and it can land you in federal prison. So why would anybody risk it?
There's no real way to predict whether you'll ever be involved in a white collar criminal investigation. Even if you don't do anything wrong, you could still end up in an investigator's sights if you're connected on a personal or professional level to someone who did do something wrong.