The nonviolent criminal activity in the commercial or business sector can be termed as white-collar crime. These white collar crimes are mostly committed for financial gains of an individual or a group of individuals or an enterprise. Variety of legal acts and schemes can be described with these white collar crimes. The crime is done for monetary gains and is done through cheating or decimating the commercial or business sector. Know more about white collar crimes at www.elliottsauter.com.
A common form of white collar crimes is tax evasions, money laundering, and frauds. Many scams and frauds are done under the name of white collar crimes. Insurance frauds and embezzlement can also be put under the name of white collar crimes. You can see white collar crimes both at state and union level. You will be amazed if you look at the statistics of white collar crime all over the country. Daily hundreds of such cases are registered.
Securities and other frauds
Many of the White Collar crimes are frauds which involves cheating other for individual monetary gains. The most common type of frauds is securities fraud which consists of the fraud of trading of securities such as trading of stocks. Insider trading is a common form of securities fraud; in this,an insider person who has information about the company sells the securities of the company or discloses any information regarding the company can be considered a securities fraud. You can take the advice of a lawyerwho has been around the block a few times.A well-experienced lawyer in such a case would help you a lot, in getting the best result out of it. Try looking for a lawyer who has past experiences in such cases.
Tax evasion is another form of White collar crimes in which an individual avoids the tax which he needs to pay. Tax evasions are of many types; it may include filing the tax forms with wrong information which can help the person cheat tax or transferring the property illegally so that the tax obligations can be avoided. These situations can prove to be very harmful to an enterprise or individual as it can put them at a great loss. Such cases can be avoided if a knowledgeable lawyer handles all the issues. At the time of hiring the lawyer make sure that your lawyer is capable enough to fight the case for you.