Penalties for White Collar Crimes

Your day at work may have been interrupted by disaster—you’ve been accused of a serious white collar crime, and now, you may be unsure how to fight back against these penalties. 

White collar crimes cover many types of financial crimes, like identity theft or fraud. But just because these are non-violent crimes doesn’t mean that a conviction is less serious. If you may possibly be heading to court because of a white collar crime accusation, make sure you know the penalties you could face before you head to the courtroom. That way, you’re prepared for whatever happens next. 

Dealing with Federal Offenses 

When you’re accused of a white collar crime, you may be dealing with a criminal case on the federal level. These crimes are complicated, which means it’s not easy to defend yourself. The more severe the crime, the more difficult it can be to avoid penalties. You may need a lawyer from a firm like the Schwartz Criminal Defense Firm just to get your charges reduced or dismissed. 

Unfortunately, the penalties can be severe. You could face federal prison, which means a year or more in prison. For example, if you’re accused of identity theft, you could face up to 15 years in prison, depending on the details of your case. 

Your Criminal Record Could Follow You 

The penalties for a federal crime can be difficult, but you may not be free even if you’ve done your time. You may have been released from prison, only to find you’re unable to get a job or housing like before. You have a federal criminal record now, and that will show up on a background check. 

It may not be a violent crime, but it could hurt your chances of getting approved for housing, loans, jobs, and other important concerns causing you to struggle to put your life back in order after your conviction. 

Avoiding a White Collar Crime Conviction

When you’re accused of a white collar crime, your best option may be to act now to avoid the severe penalties you could face. You need a strong defense, and you need a lawyer who can untangle the complex details of financial crimes like fraud, embezzlement, and money laundering. 

It may not be easy to avoid penalties for white collar crimes, but working with a lawyer now can help you defend your case and overcome these allegations. That way, you don’t have to worry about losing years of your life to prison.