Defending White-Collar Criminal Allegations in Oklahoma City
White-collar crimes, often characterized by financial deceit and fraud, can have a significant impact on individuals and the economy as a whole. Although they may not involve physical violence, these crimes carry severe consequences if convicted. If you or a loved one is facing charges related to white-collar crime, it is crucial to have a knowledgeable attorney on your side. The Criminal Defense Law Office of Oklahoma City is here to provide the expertise and guidance you need.
The Significance of White-Collar Crimes
While white-collar crimes may appear victimless due to the absence of physical harm, the financial repercussions can be far-reaching. The costs incurred from these crimes are often passed on to consumers, affecting the economy at large. Consequently, convictions for white-collar crimes are met with severe penalties to deter fraudulent activities and protect the public.
Common Types of White-Collar Crime
White-collar crimes encompass various financial offenses, which can be prosecuted at both the state and federal levels. Some examples of these crimes include:
- Fraud
- Embezzlement
- Identity Theft
- Medicare or Other Insurance Fraud
- Internet Fraud
- Mortgage Fraud and Predatory Lending
- Computer Crimes
- Tax Evasion
This list serves as a starting point, as the realm of fraud and financial crimes is continuously evolving. Notably, Ponzi and pyramid schemes are prevalent forms of white-collar crime. While some crimes are committed by individuals, such as identity theft, others involve criminal organizations. In cases where groups engage in white-collar crimes, each member may face charges for the crime itself and conspiracy.
Corporations can also be responsible for white-collar crimes, such as mortgage fraud or predatory lending practices. In these instances, innocent employees may unwittingly become involved and face charges. Federal agencies, such as the IRS or FBI, often lead investigations into corporate crimes. If you find yourself in this situation, it is crucial to exercise caution and consult an attorney before speaking to investigators. Federal investigators are not required to inform you of your rights, and anything you say can be used against you later.
Penalties Associated with White-Collar Crimes
Penalties for white-collar crimes vary depending on the specific offense committed. To illustrate, let’s examine the punishment for embezzlement in Oklahoma. Embezzlement is a common white-collar crime defined as the fraudulent appropriation of another’s property that was legally obtained, for purposes unauthorized by the owner, or concealing the property with the intent to fraudulently appropriate it.
If the embezzled property is valued at less than $1,000, the crime is considered a misdemeanor, punishable by a fine of up to $1,000, up to 1 year in the county jail, or both.
If the embezzled property is valued between $1,000 and $2,499, the crime is a felony, carrying penalties of up to 2 years in prison or 1 year in the county jail, a fine of up to $5,000, or both. Additionally, the defendant may be required to pay restitution up to three times the value of the property to the victim.
For property valued between $2,500 and $14,999, the defendant may face up to 5 years in prison, a fine of up to $5,000, and restitution amounting to three times the value of the property.
If the embezzled property exceeds $15,000, the defendant may be sentenced to up to 8 years in prison, fined $10,000, and required to pay three times the amount of the embezzled property in restitution.
Moreover, the law permits aggregation of smaller amounts into one offense if they are part of a plan, scheme, or result from recurring takings. When acts are part of a continuing course of conduct, they may also be consolidated into a single crime, allowing prosecutors to pursue harsher penalties.
Federal penalties for white-collar crimes often surpass those at the state level. If you are facing charges for a white-collar crime in either state or federal court, seeking the assistance of a skilled attorney is essential.
Schedule a Low-cost Consultation with an Oklahoma City White-Collar Crime Defense Attorney
If you require a initial consultation with an Oklahoma City white-collar crime defense attorney, contact the Criminal Defense Law Office of Oklahoma City at 405-588-4529.
Alternatively, you can submit your questions or concerns regarding Oklahoma City criminal defense attorneys by using the form at the top right of this page. Our team is dedicated to providing the guidance and support you need during this challenging time.