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Things to know about white-collar crime in Minnesota

| Nov 1, 2017 | Blog

One type of crime that is not well represented in today’s media is white-collar crime. However, even considering its lack of representation, the courts still consider it a serious offense.

If you or a loved one face white-collar charges, it is important to understand what it entails in order to lodge a solid defense. Here are a few things to know about white-collar crime in Minnesota.

Definition

White-collar crime occurs when individuals utilize deceitful and unlawful methods to secure the funds of others. These crimes are usually nonviolent in nature and cover a wide variety of actions. Therefore, a number of different people may commit white-collar crimes, from CEOs and executives to accountants and tellers.

Types

Most of these crimes are under the umbrella of fraud. However, there are other actions that fall under the title of white-collar crimes, such as:

  • Embezzlement
  • Money laundering
  • Extortion
  • Racketeering
  • Pyramid schemes

These are just a few of the possible titles. Over the years as internet access has grown, so has the level of crime. Identity theft and internet fraud have increased as a result. 

Penalties

Due to their nonviolent nature, white-collar crimes are not widely reported on a national level. However, courts still prosecute them quite regularly. The penalty may range depending on the severity of the offense and previous criminal history. Those with a conviction may face hefty fines and possible jail time. Along with these penalties, a criminal record would follow the individual, which could negatively affect future endeavors.

As you can see, white-collar crimes are serious issues. If you are facing a criminal charge, it is important to secure the right legal representation. It is important to make sure your attorney is someone you can communicate with and trust. Also, take your time to make sure you understand the charge so you can decide the right course of action for you.

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