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White-collar Crimes: Not a Victimless Crime

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White-collar crimes, is a phrase that was coined in 1939 by Edwin Sutherland, during a speech given to the American Sociological Society as “a crime committed by a person of respectability and high social status in the course of his occupation.”

White-collar crimes cost the United States over $300 billion each year according to the FBI. They include fraud, bankruptcy fraud, bribery, insider trading, embezzlement, computer crime, medical crime, public corruption, identity theft, environmental crime, pension fund crime, RICO crimes, consumer fraud, occupational crime, securities fraud, financial fraud, and forgery.

Although they are considered nonviolent crimes and are usually committed for financial gain, white-collar crimes are not victimless crimes. They can destroy companies and devastate families by wiping out entire life savings. They can also cost investors billions of dollars.

The penalties for white-collar offenses include fines, home detention, community confinement, paying the cost of prosecution, forfeitures, restitution, supervised release, and imprisonment. However, sanctions can be lessened if the defendant takes responsibility for the crime and assists the authorities in their investigation.

Our Colorado criminal lawyers will approach all white-collar crimes cases with consideration and sensitivity. Our experience and professionalism in handling high-profile cases will ensure that anyone facing financial crimes will be treated with respect.

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