Tag: white collar crimes

business person in handcuffs

Prosecutions for white-collar crimes are continuing to fall in the United States, according to a university that has tracked the figures for the last three decades. Syracuse University predicts the number of federal prosecutions for crimes like fraud and insider dealing is on course to fall to 5,175 by the end of the year, half…

man in suit handcuffed

Texas has seen some high-profile white collar crime cases in recent years. However, new data suggests prosecutions brought for corporate corruption is falling. According to the Transactional Records Access Clearinghouse, a research center at Syracuse University that tracks federal data, white collar prosecutions fell under the Trump administration. They are down 8.5% from a year…

Can Text Messages Be Used Against You In White-Collar Litigation?

Texting has become one of the most frequently used methods of communication. We tend to send texts back and forth without thinking much at all about the contents of the message. From a purely practical standpoint, texting enables people to stay in touch and more easily communicate. Because text messages are electronic communications that can…

fraud

White-collar crime investigations are often complex and defendants routinely receive tough sentences. Earlier this month, the former aide to ex-U.S. Rep. Steve Stockman was sentenced to 18 months in prison for helping the former Congressman carry out a campaign finance scam which prosecutors described as a “white-collar crime spree.” Jason Posey was also ordered to…

forged money

A white-collar crime involves criminal activities such as fraud, cybercrime, extortion, embezzlement, and bribery. White collar crimes result in financial gain for the person accused of committing the white-collar crime. People accused of such a crime should consult with a Dallas criminal defense lawyer. If you reside in Dallas, TX and you have been accused…

money laundering

White collar crimes carry high sentences. In Travis County, a former director of the University of Texas faces up 99 years in prison after he was indicted on counts of theft, money laundering, and abusing his official capacity. Jason Shoumaker worked for the University of Texas in Austin for 10 years. He managed facilities for…

Ponzi scheme

White collar crimes may not cause physical harm to victims like crimes of violence but they often attract tough sentences. Late last month, a former Texas state senator was sentenced to 12 years in a federal prison over his involvement in a Ponzi scheme. Sen. Carlos Uresti was contrite when he appeared before a federal…

Debunking 5 White-Collar Crime Myths

“White-collar crime” is a phrase reportedly coined in 1939. It’s also a phrase that covers a wide range of criminal activities. To count as a white-collar crime, an offense must typically involve a financial or fraudulent activity that is non-violent. In many, but not all, cases, the individual who engages in a white-collar offense is…

5 infamous white collar crimes

When many people hear “white-collar crime,” they think of so-called “Club Fed” prisons, where prisoners serve lenient sentences and spend their time lounging around swimming pools and golf courses. The reality is much different. While many white collar offenders do serve minimal time in low security prisons, recent white collar cases have shown that prosecutors…

Frequently Asked Questions About White Collar Crimes

Movies like The Wolf of Wall Street, The Big Short, and American Hustle may glamourize white collar crime, but the reality is that white collar crimes are extremely serious and are punishable by strict penalties, including prison time. Although Hollywood gets many of the facts right, there is a lot of misinformation out there about…