Not all criminal offenses involve violent crimes like robbery, rape and murder. Some criminal charges in New York may stem from financial transactions where one person commits or a group of people conspire to commit a crime, mainly for financial gain. This type of behavior is often referred to as a white-collar crime, to distinguish it from violent offenses.
For many residents in White Plains, New York, white collar crimes may sound like inconsequential offenses, but in truth, the punishment for those convicted of such crimes can be quite severe. Embezzlement, fraud, larceny and theft are common offenses under the white collar crime umbrella. Accusations of these crimes often lead to felony charges, which can have more serious consequences compared to other criminal charges.
Although the term "white collar crime" may not ring a bell for all White Plains, New York, residents, this type of crime is quite common. White collar crimes include fraud, theft, embezzlement and money laundering. Convictions for such crimes come with severe consequences.
A 34-year-old Bronx man was recently taken into custody on fraud charges in Salem, New Hampshire. The man allegedly attempted to use another person's identity to send iPads to his home country of Ghana.
Running a multi-million dollar business or any business for that matter can be extremely difficult and complex for a business owner. The accounting alone can cause headaches and, unfortunately, mistakes. When those mistakes lead to confusion, allegations may be leveled against the business owner accusing him of improper and illegal conduct. Those who find themselves accused of White collar crimes should seek immediate legal assistance, as can be seen by a recent instance in New York.
Recently, a study done by the Manhattan District Attorney's office highlighted perceived weaknesses in New York's criminal laws in combating sophisticated online fraud and other white collar-crimes. The report recommends that the state of New York update its criminal laws in order to better combat white-collar felonies.
Recently, a U.S. federal prosecutor spoke at a symposium in New York and denied a proposed reform for the sentencing of white collar criminals. It was argued that current sentencing guidelines ensured tough but fair sentences and that any changes in the sentences of white collar crimes would need to be reviewed by the Justice Department.
Recently, the National White Collar Crime Center has taken the initiative to train New York law enforcement personnel in fighting white collar crime. The officers will receive training in combating felonies such as bankruptcy fraud, identity theft, and insurance fraud. The increased training is in response to a reported increase in the occurrence of white collar crimes, with over 60,000 cases reported last year. The organization is training 36 officials from all over New York State. The organization is starting to branch its training locations out from the metropolitan areas into less-populated areas like Utica.
Recently, the Connecticut-based hedge fund company SAC Capital Advisors pled not guilty to fraud in federal court in Manhattan, despite the prosecution's assertion that it had a large amount of incriminating evidence in its possession. Prosecutors alleged that they had things such as instant messages, electronic messages, court-ordered wiretaps, and recordings made consensually in their possession, which led to them charging the hedge fund with the felony of fraud. Specifically, the company is accused of wire and securities fraud, otherwise known as insider trading. The company is accused of creating an atmosphere that encouraged this kind of criminal activity. The company has announced that it will continue normal operations, and denied the charges against it.
Recently, it has been noted by attorneys specializing in white collar crime that offenders in New York and elsewhere are becoming savvier in using technology, making these offenses more difficult to uncover. In many white collar crime cases, a massive amount of electronic evidence is uncovered and law enforcement officials often simply do not have the resources to process it all. Also, many white collar offenders are using text messages or Skype rather than cell phones or e-mail to conduct the offense, thus evading phone wiretaps or traceable email messages.