St. Louis Community College officials have sued a longtime employee who they contend embezzled at least $5.4 million from the school.
In the world of fiction, money laundering often represents an important plot point. This is especially so in dramas on the big screen and television programs involving crime. However, money laundering is also one of the more serious white collar crimes in real life.
The U.S. justice system comes many unfamiliar terms that confuse defendants. For example, the term fraudulent misrepresentation is just another way of saying that a defendant knowingly engaged in fraud. However, it is a serious allegation that could land the accused in a lot of trouble. In fact, it is one of the most commonly prosecuted white collar crimes in the nation.
If you live in the United States and earn money, you're required by law to pay federal, state and local taxes. Even though you understand this, there may come a time when you fall behind.
If someone asked you if you're a law-abiding citizen, you would tell them that you are. You don't use drugs, rob banks or steal cars. You follow the law, you respect authority and you have never done anything that would put you at odds with the authorities.
In our Missouri-based law firm, we are often surprised at how casually people view allegations of their involvement in white collar crimes. This is especially so when the accused is innocent of these allegations. We want you to know that any and all allegations of white collar crime involvement require a serious and immediate response, even if you are innocent of these accusations.
There are many different types of white collar crimes. Some of these have to do with criminal enterprises and the need to make the money involved in those look legal is a top priority. This is where one serious white collar crime comes into the picture. Money laundering is the process of taking money gained by unlawful means and trying to funnel through legal businesses to make it look like it was made legally.
White collar crimes are ones that are usually associated with executive positions. These charges usually come after an investigation that delves into exactly what is going on in the company. There are other white collar charges that are due to someone failing to file an accurate income tax return. No matter what you have to face a white collar charge for, you need to ensure that you are going over your defense options
People who have a fiduciary responsibility for a company often take that duty very seriously. It is imperative that anyone who does handle the assets of a business takes the time to ensure that they are doing this in a fully lawful manner. When there are issues with what is happening, there is a chance that an investigation into a possible white collar crime will take place.
Facing white collar crime charges is a lot different than facing other types of felony charges. White collar crimes often involve long paper trails of evidence that can make defending clients challenging.