White collar crimes are non-violent crimes committed for financial gain by individuals or corporations, typically involving deception, fraud, or breach of trust. In New York, some of the most common types of white collar crimes include:
- Fraud: This includes various types of fraud such as securities fraud, wire fraud, bank fraud, and insurance fraud. These crimes involve the use of deceit or false representation to obtain money or property.
- Embezzlement: This involves the misappropriation of funds or property by someone who is entrusted to manage it, such as an employee, accountant, or financial advisor.
- Ponzi schemes: A type of fraud where returns on investments are paid to earlier investors using the funds from newer investors, with the scheme eventually collapsing when it becomes unsustainable.
- Insider trading: This involves trading securities based on non-public information, such as confidential corporate information.
- Bribery and corruption: This includes offering or receiving something of value in exchange for a favor or benefit, often involving public officials.
- Cybercrime: This includes various types of online crimes such as identity theft, hacking, phishing, and malware attacks.
White collar crimes can result in serious consequences, including fines, imprisonment, restitution, and damage to one's reputation. It's important to consult with an experienced criminal defense attorney if you're facing charges or are under investigation for a white collar crime in New York.