While white-collar crimes just like that of white collar crime Amarillo TX are not necessarily violent, they can involve theft or fraud. Examples of white-collar crimes include embezzlement, corporate fraud, and securities fraud. Some crimes involve computers, such as computer fraud and computer crime. Listed below are some of the most common white-collar crimes:
Embezzlement
Embezzlement is an offense wherein an individual uses an organization’s assets for personal or ill-gotten gain. Such crimes typically occur when funds are used for a project or contract that the individual did not have the right to perform. Embezzlers can face hefty fines and jail time. It is imperative to contact a qualified attorney as soon as possible to prevent a felony conviction.
Bribery
Another type of white-collar crime is bribery. In this type of crime, the perpetrator pays a person in a high-powered position to do something that benefits them. It can be complicated to prosecute because the information involved is often not publically available. While these crimes can be financially devastating, the victim can be awarded up to five years of prison and fines of $100,000.
Trade secret theft
Theft of trade secrets is a federal and state criminal offense. Under the Economic Espionage Act (18 U.S.C. Section 1831-39), a person may be prosecuted for stealing trade secrets if they have intended to “injure” the trade secret’s owner. While the government does not have to prove malicious intent, the prosecution must demonstrate practical certainty that the person intended to harm the trade secret owner.
A person who has stolen a trade secret will have a hard time proving guilt. It is also possible to utilize an affirmative defense. Under the law, if you use trade secret information in an anti-retaliation suit, you are not breaking federal law. The United States Supreme Court recently ruled that the law doesn’t protect a trade secret owner from being discovered through honest means.
Computer crimes
“White-collar” tends to connote non-violent or economic crime. As computers become more accessible, computer crimes have increased in frequency. Most computer crimes are not violent and are motivated by greed, pride, or character weakness. As a result, they are considered white-collar crimes. As a result, the term “white collar” is no longer as relevant as it once was. In fact, more of these crimes are being committed by individuals, not professional criminals.
In addition to being the most popular form of cybercrime, these crimes involve the misuse of information technology infrastructure. Examples include unauthorized access, data interception and deletion, and misuse of devices and network systems. There are also laws to prevent these crimes, including those involving child pornography and electronic fraud. Fortunately, federal authorities have developed sophisticated tracking methods that make identifying perpetrators easy.
Computer fraud
White-collar crime is a range of crimes that do not involve violent elements. Generally, these crimes are committed for financial gain in commercial situations. White-collar crimes include computer fraud, internet fraud, healthcare fraud, counterfeiting, insider trading, securities fraud, and intellectual property theft/piracy. The following list highlights some of the more common types of white-collar crimes.
The effects of white-collar crime are substantial. These crimes can go undetected for many years. They often involve people with special knowledge or information that allows them to perform complex and difficult transactions. Because these crimes can be hard to trace, they are commonly classified as crimes of opportunity. While white-collar crimes are not as common as other crimes, the punishments are often harsher.
Among the most common types of computer fraud, phishing uses the information you give to open a website or make a purchase. This involves using login and password information, digital signatures, and even sim cards to make accounts in a person’s name. Finally, the most common type of white-collar cybercrime involves gaining access to a computer without permission. In these cases, hackers use this access to obtain personal information, such as credit card numbers and bank accounts. Many laws relate to white-collar computer fraud, but they can be difficult to understand and enforce.
