Punishments for White Collar Crime

Punishments for white collar crime depend on a variety of factors, such as the type of crime that was committed, who was involved, the extent of the damages, and where/how the crime is tried. A white collar crime is defined as a crime where one party benefits from a criminal act at the expense of another in a business or professional environment. These acts are usually non-violent, though the punishments for white collar crime are usually on par with street crime penalties. State and federal governments consider white collar crimes a serious offense and will often make punishments for white collar crime substantial. White collar crimes cost billions and billions of dollars in losses each year, so it is no wonder that punishments for white collar crime can be severe.

There are many types of white collar crimes. Some crimes are prosecuted civilly where the punishments for white collar crime usually involve fines intended to restore what was lost. If the crime was willful or malicious, the punishments for white collar crime may involve punitive damages and even jail time. Other circumstances involve criminal punishments for white collar crime which can also include fines and or jail time. Many white collar crimes are prosecuted as felonies.

Punishments for white collar crimes can result from a number of different acts including, but not limited to, crimes involving: antitrust, fraud, embezzlement, bribery, counterfeiting, environmental law violations, corruption, theft, tax evasion, bankruptcy, kickbacks, and money laundering. Many government agencies regulate businesses and individuals and have enacted laws defining the punishments for white collar crime.

Punishments for white collar crime can also depend on who is involved in the crime. Corporations can often receive greater punishments for white collar crime than individuals might. In some cases corporations can receive penalties that are six times what an individual might receive. Acts against the government also carry very strict punishments for white collar crime. These acts eventually end up costing taxpayers money; therefore it is not surprising that these punishments can be harsh.

When government or other public officials are found guilty , they too can receive harsh punishments for white collar crime. Often government fraud is discovered when a whistleblower or qui tam comes forward to expose a crime. Monetary punishments for white collar crime can actually be awarded (in part) to whistleblowers. They can also receive protection from those parties they expose through their testimony.

If you are the victim of a white collar crime, you may wish to discuss your case with a qualified and experienced attorney who can advise you of your legal rights and options. Often as part of punishments for white collar crime, you are compensated for the damages you have suffered as a result of another party's wrongdoing.

Need Legal Help?

Contact us for free information or to start a free case review.

 I agree that submitting this form and the information contained within does not establish an attorney client relationship.

Attorney Advertising Flood Law Group LLP
1101 Pennsylvania Avenue, Suite 600
Washington, DC 20004

Criminal Law News

  • CT Trooper Justified in Shooting Alzheimer Victim

    November 26th, 2012

    The Connecticut State's Attorney's office released a report Nov. 26 that a state trooper was justified in the July shooting of Frank Escribano, 78, who had Alzheimer's disease, reports NBC... read more

  • Phone Companies Accused of Installing Secret Tracking Software

    December 5th, 2011

    Lawsuits against Carrier IQ (CIQ), HTC America and Samsung are stacking up, claiming that the defendant companies unlawfully intercepted and collected personal messages from millions of private mobile phones, handsets... read more

  • Top Ten DUI Do's

    October 19th, 2011

    Here is a list of Top Ten DUI do's, provided by San Diego Criminal Attoney Anna R. Yum, to remember if you get pulled over for suspicion of DUI. A... read more

  • FBI Agent Killed While Serving Warrant

    November 19th, 2008

    A man, suspected of being involved in the death of an FBI agent in Indianola, Pennsylvania is facing felony charges. According to reports, the FBI agent, Sam Hicks, was shot... read more

  • Hit and Run Leaves Man Injured

    November 5th, 2008

    New York police are still on the search for the person responsible for a hit and run accident that left a pedestrian severely injured Nov. 4.
    According to reports, Antonio... read more