When authorities suspect that crimes have been committed, it is possible for charges to come at the state and federal level. White collar crimes are often federal crimes, and as a result, anyone charged with such a crime could face a serious legal predicament. Federal charges commonly come with more severe consequences in the event of a conviction, so accused parties will certainly want to exercise their various legal rights as their cases proceed.
Many people struggle with financial-related issues. As a result, they often explore many ways in which they could potentially obtain money quickly. Unfortunately, some parties may wind up accused of white collar crimes if the options they utilize involve some type of fraudulent actions.
Not all crime involves violence or the attempt of causing physical harm to another person. White collar crimes are serious criminal accusations that lead to detrimental, life-altering consequences, and this includes the crime of embezzlement. Recently in California, a treasurer for a business organization was charged with various financial crimes, including embezzling funds.
Any type of criminal accusation can leave a person reeling. Individuals may believe that life is going well and that they are on the right track only to be blindsided by accusations of white collar crimes. From fraud to embezzlement and many other actions in between, charges for such crimes can come with steep penalties if convictions occur.
In California and across the country, many people consider themselves beer connoisseurs. In fact, an organization in another state was formed so that members could promote local beers and exchange knowledge and opinions with one another. A former director of that organization was arrested in January and is being charged with white collar crimes regarding alleged illicit use of the organization's funds.
It seems that not only is the number of fraud victims growing in California and beyond, but investigators are building cases that are more sophisticated, elaborate and often involve many more people. The use of technology to contact unsuspecting victims includes stealing their identity or hacking their contacts to fool them into thinking they are receiving correspondence from someone they know. In this way, the victims become part of white collar crimes and may even become suspects in FBI investigations.
Among the many expectations California parents may have is that the start of each school year brings a new round of fundraisers. Raising money for schools is essential since the cost of education continues to rise. Parent/Teacher Organizations may raise thousands of dollars for their schools, and occasionally, those entrusted with the accounting of the money face charges of white collar crimes.
When company officials receive reports of missing funds, they may deploy a variety of tactics in identifying the cause of financial concerns. If employees have access to company funds, an investigation could leave officials pointing a finger of blame toward one or more parties. A man in California is reportedly under investigation for white collar crimes after he was accused of embezzling as much as $600,000 from a swim club.
When someone is accused of a felony offense, especially one involving finances, it is possible the criminal counts will quickly begin to accumulate as investigators dig into the person's history. For example, charges of embezzlement can often go hand in hand with other white collar crimes, and the potential penalties can begin to mount. One California businessman is facing numerous charges related to several businesses in which he was an executive.
Business dealings can often get very complicated, and sometimes it is necessary to shift funds around in legal but unorthodox ways, especially if the company is relatively new. Zealous criminal investigators, alerted by suspicious insiders, may see transfers of money from one account to another as suspicious. This may lead to accusations of white collar crimes. Because such accusations and the events that often follow can cause great personal and professional damage to those involved, those who face charges of money laundering would do well to seek legal counsel.