January 24, 2021
Common White Collar Crimes
Some crimes that happen every day in Dallas have nothing to do with weapons, drugs, or physical violence of any kind. Read on to learn about some of the common white collar crimes in this part of Texas.
Common White Collar Crimes in Dallas
While there are many kinds of white collar crimes, some of the more common include:
- Ponzi schemes — Ponzi schemes are a form of business and investment scam where people or individuals recruit new members with the promise of a low-risk, high-reward investment. Ponzi schemes use money fronted by new members to pay off the older ones, inevitably ending when the cycle of new investors runs out and the scam is exposed.
- Money laundering — Money laundering is a complex, multi-layered process of making illicitly obtained money appear legitimate to banks or government authorities. Money laundering is often used by individuals connected to the narcotics trade or human trafficking to cover up the real source of their assets.
- Embezzlement — Embezzlement refers to cases in which an employee or individual with access to certain funds uses their position for personal gain, usually by directing funds into their own accounts.
- Corporate fraud — Corporate fraud is perhaps the most common white collar crime and encompasses everything from falsification of financial information to insider trading.
Contact a White Collar Crimes Lawyer in Dallas
Thousands of white collar crime cases are prosecuted each year, and the potential ramifications are serious, from fines and imprisonment to the eradication of your professional record. If you’re facing charges for white collar crime, you’ll need a robust criminal defense to help clear your name. Chris Lewis & Associates P.C. has a track record of excellence in defending clients in white collar criminal cases.
Call 214-984-3113 or fill out our contact form to reach out to a Dallas white collar crimes lawyer with Chris Lewis & Associates P.C.