White Collar Criminal Defense Lawyer in Scranton
Experienced Legal Counsel for White Collar Crimes
At the Law Offices of William D. Thompson, we are passionate about defending
clients’ rights in court. We have successfully guided hundreds of
clients through the Pennsylvania legal system. Our Scranton criminal defense
attorney has 15 years of experience and gives personal attention to every
case. If you are being charged with a white collar crime,
contact our firm today to schedule a
free initial consultation.
Understanding White Collar Crimes
The term “white collar” supposedly originated in 1939. It was
used to differentiate business and government executives from blue collar
workers in the lower class. Today, white collar crimes refer to acts of
fraud that often occur through deceit, violation of trust, and concealment.
Furthermore, the main motivation for white collar crimes is financial gain.
White collar crimes can wreak financial havoc on individual businesses.
They can also cost investors billions of dollars and disrupt the stability
of the U.S. economy. Because of the potential damage to the nation’s
financial infrastructure, the FBI is working with the Internal Revenue
Service, the Securities and Exchange Commission, the Treasury Department’s
Financial Crimes Enforcement Network, and other federal and state institutions
to crack down on white collar crimes.
White collar crimes are often charged as felonies and carry severe penalties.
- Lengthy prison sentences
- Hefty fines
- Forfeiture of assets (in bankruptcy fraud)
The penalties for white collar crimes vary, depending on certain factors.
For example, if you have a prior conviction, the penalties will be more
severe. Furthermore, if the amount of money involved in the fraud is significant,
the penalties will increase. It is important to seek experienced representation
as soon as possible after your arrest. At the Law Offices of William D.
Thompson, our Scranton criminal defense lawyer can analyze your situation
and help determine an effective legal strategy as you seek a favorable outcome.
Types of White Collar Crimes
White collar crimes involve a broad range of fraud and financial deceit.
They typically do not involve any physical violence, and may go unnoticed
for months or even years before being discovered. However, they can cause
severe financial losses to individual businesses and corporations.
Common types of white collar crimes include:
- Corporate fraud
- Money laundering
- Identity theft
- Investment fraud
- Ponzi schemes
- Tax evasion
- Bankruptcy fraud
Other types of fraud include bank fraud, mortgage fraud, healthcare fraud,
and insurance fraud. Corporate fraud often uses deception to present false
information about the financial condition of a company to investors, analysts,
and auditors. This may involve false accounting entries, illicit transactions,
and fraudulent trades to hide losses or inflate profits. Because of the
potential harm to the financial health of businesses in the United States,
the FBI is conducting investigations and cracking down on corporate fraud.
Money laundering, another common type of white collar crime, is the process
where illegally-obtained (dirty) money is filtered through a series of
transactions to make it seem legal. Penalties for money laundering include
restitution of twice the value of the money laundered (up to $500,000)
and incarceration for other felonies involved in the money laundering.
The related felonies often involve drug trafficking, human sex trafficking,
securities fraud, and enterprise corruption.
Ponzi Schemes & Tax Evasion
Ponzi schemes, and other financial fraud schemes, are common white collar
crimes. A Ponzi scheme is a type of investment fraud. It occurs when fraudsters
use the funds from new investors to pay the promised returns to existing
investors in a fake business. The scheme often promises high returns with
little or no risk, provides unusually consistent returns, and uses unregistered
Tax evasion is often used to avoid paying taxes that you owe. It involves
filling out tax forms with false information, or illegally transferring
money or property to avoid paying tax obligations. Individuals and business
entities can be convicted of tax evasion, and the IRS is working with
the FBI to investigate and arrest those who have committed this white
Seek a Favorable Solution with the Help of Our Attorney
The Law Offices of William D. Thompson strives to provide efficient legal
services to clients facing white collar crime charges. Whether you have
been arrested for investment fraud, tax evasion, money laundering, or
other type of white collar crime, our Scranton criminal defense lawyer
can represent you in court. We can investigate the charges, build your
case, and work hard to find effective legal solutions. We know a conviction
can have lasting negative impacts on your life. Our firm is passionate
about defending the rights of our clients in court.
Call us today at (570) 666-1068 for tenacious legal assistance. We offer
24/7 availability for your convenience.