Financial or "white collar crime" is all over the media, whether it’s in TV shows or in the news. However, most people aren’t completely sure what financial crimes are, perhaps because the term covers such a wide range of crimes. When the term was first coined, in 1939, it referred to crimes committed by high-status people in the course of their profession. Now, it’s typically any non-violent crime that results in financial gain.

What is a Financial Crime?

Many different things count as a financial or "white collar" crime, including:

  • Insurance Fraud
  • Credit/Debit Card Abuse
  • Exploitation of a Child, Elderly or Disabled Individual
  • Computer crimes
  • Healthcare Fraud (Medicare and Medicaid)
  • Fraud
  • Theft
  • Embezzlement
  • Bribery

Potential Consequences of Financial Crime

If you are convicted of a white-collar crime, the penalties will depend on the amount of money or benefits you obtained from your crime. Some white collar crimes are considered Class A misdemeanors, and others are considered first-degree felonies. Misdemeanors could carry fines of up to $4,000 and up to a year in prison. Felonies could result in a $10,000 fine and up to 99 years of prison time. We will analyze all of the documents and evaluate the accusations with our clients to determine the correct amount of restitution, if any is owed.

What The Williams Firm, PC Can Do

When accused of a financial crime, you need a good lawyer to protect you, like the ones at The Williams Firm, PC. There are a few different legal options that we will work with to help you stay out of jail:

  • Plea bargains are when the defendant agrees to plead no contest and receives a lighter sentence or reduced charge in exchange.
  • Non-trial mitigation allows you to face a lesser charge and lesser punishment.
  • Dismissal of charges is the ideal result, which is when all charges are dropped as having insufficient evidence, and you get to avoid a trial entirely.

If none of those options succeed, your lawyer will fight vigorously for you in court. If you are convicted, they will work to appeal your case or reduce your sentence.

Being accused of a financial crime is often overwhelming. Because these crimes are almost always non-violent, you might not feel like a “real” criminal. But don’t let that make you think you don’t need a real lawyer – you do, and the team at The Williams Firm PC is here for you. Our more than 25 years of combined legal experience, plus our dedication to giving you the best service possible, can help you fight your white collar charges in Texas. Give us a call today.