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Houston DWI Lawyer > Blog > Criminal > 4 Common Types Of White Collar Crimes In Texas

4 Common Types Of White Collar Crimes In Texas

WhiteCollarCrime

When you think of crimes, you may first think of street crimes, including drug possession, illegal weapon possession, or assault. While these are all crimes that carry criminal consequences, there are also what are referred to as white collar crimes. Essentially, white collar crimes are crimes that are committed in a professional environment and are often done for financial gain. Examples of white collar crimes include the following:

  • Fraud
  • Embezzlement
  • Tax evasion
  • Money laundering

If you believe you are being investigated for a white-collar crime and want to explore your best path forward, connect with an experienced Houston criminal lawyer. Even when a crime is non-violent, penalties can be severe. There are even times when individuals understood their professional behavior was unethical but did not understand it was criminal, such as a company employee who deceived clients for financial gain.

Corporate Fraud and Healthcare Fraud

Fraud is when a person misrepresents information. Corporate fraud is when this takes place at a company. Employees could report false information to clients or stakeholders. They may alter numbers to make a company appear more profitable than it actually is, for example.

Healthcare fraud is when a person attempts to bill an insurance company for healthcare they did not receive. This could also be the charge for a person who tries to pass themselves off as someone else in an effort to use insurance that is not theirs. Manipulating the healthcare system for individual gain is illegal.

Embezzlement, Tax Evasion, and Money Laundering

When a person or group of people siphon funds from an organization without authorization, it is embezzlement. Often, the individual who is embezzling is a trusted connection or employee of the business. The amount of money does not matter. Embezzlement charges are possible for large and small amounts.

If an individual or a business intentionally dodges tax obligations, a tax evasion charge could follow. It is illegal to provide the IRS with false information or make financial decisions solely to avoid tax payments.  Similarly, hiding money because it was acquired illegally is a crime. This is referred to as money laundering. Money laundering can occur in a variety of ways, from keeping more than one set of account books to try and make secret money look legitimate to acquiring and selling assets repeatedly to shield funds from others.

An experienced Houston criminal lawyer knows Texas law and can protect your rights if you have been charged with a white collar crime. Penalties can be severe. Consequences for financial crimes can include high fines, jail time, and loss of reputation. You need legal guidance to protect your future and provide you with support.

Do I need an attorney if I’m going to be charged with a white-collar crime? If you are being charged with a crime, connect with an attorney to protect yourself. Ayson Law Firm is dedicated to defending clients. It is important you understand what options you have following any time of criminal charge. Contact us today for a free consultation.

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