While criminal offenses like drunk driving, assault, and larceny often come to mind when considering common crimes in Texas, white-collar crimes carry comparable gravity and penalties. If you are facing a white-collar charge, comprehending the accusations and potential consequences is crucial. Please continue reading as we explore the importance of engaging a seasoned Dallas County Criminal Lawyer to understand the legal avenues available.

What Are Common White-Collar Crimes?

First and foremost, it’s crucial to understand that white-collar crimes are typically characterized as non-violent, financially motivated offenses. They often involve lying, misrepresentation, or hiding information to execute unlawful activity. Essentially, white-collar crimes entail violating a position of trust.

Although they are usually perceived as “victimless” crimes due to the absence of physical harm, these crimes can inflict significant financial distress on victims. Perpetrators are normally motivated by profit, believing either that existing laws are unjust or that large companies won’t notice missing funds. Common examples of white-collar crimes include:

  • Embezzlement: An employee or authorized individual steals company funds for personal gain. It’s important to note that this differs from theft because the individual initially has permission to handle the funds.
  • Tax Fraud: Businesses intentionally evade or dodge the IRS (Internal Revenue Service), often by altering financial records to underreport income and avoid paying outstanding taxes.
  • Money Laundering: Illegally obtained funds are disguised to appear as if they originated from legitimate sources.
  • Insider Trading: The illegal practice of using confidential, non-public information to make stock market trades.

What Are the Potential Penalties for These Offenses?

Generally, white-collar crimes are classified as felony offenses. Penalties for white-collar crimes in Texas are determined by the unique circumstances of the offense and the extent of financial loss incurred due to the criminal activity. For instance, causing $2,500 to $30,000 in losses can result in a state jail felony, which is punishable by up to two years behind bars and fines of up to $10,000. Penalties can escalate with greater financial loss; crimes causing over $200,000 in damages can lead to a first-degree felony, carrying a sentence of five years to life in prison.

Depending on the specific circumstances, the court may order an offender to pay restitution to their victims. Additionally, they may impose probation with conditions like reporting to a probation officer, community service, and travel limitations. Assets may be seized if they were acquired through illegal means.

Given the potentially severe penalties for white-collar crimes in Texas, securing an experienced attorney is vital. At Spangler Law, our dedicated team members recognize the gravity of these charges and will fight for a favorable outcome given the unique circumstances of your case. If you are facing legal challenges, please don’t hesitate to connect with our firm for guidance and skilled representation.