The white collar crime lawyer are professionals who specialize in defending individuals or companies accused of criminal activity. This includes Tax evasion, Insider trading, and breaches of fiduciary duty.
Tax evasion
If you have been accused of tax evasion, it is important to have an experienced attorney. The penalties for this crime can be serious, including incarceration. However, with an experienced attorney by your side, you can ensure that your rights are protected from the start.
Basically, tax evasion is the act of understating your income and taxes. In many cases, this is done by filing a false or fraudulent tax return. In other cases, it can be a result of taking inflated deductions, claiming expenses that aren’t allowed, or hiding assets.
To prove tax evasion, the government must prove that you knowingly made a fraudulent tax claim. Having a legal representative review your tax return and financial records will help you to better understand the law.
Tax fraud is another white-collar crime that can be extremely damaging. The penalty for this type of offense can range from a few years in jail to a lifetime in prison.
The IRS monitors your tax returns closely and may choose to file a federal criminal charge for tax evasion. This can be a scary situation to be in.
Insider trading
If you’re facing charges for insider trading, you’ll need a skilled attorney to protect your interests. There are many ways in which this charge can be handled, both criminally and civilly.
The first step in the process is to find a white collar crime lawyer with experience in white collar crimes. Ideally, you’ll be represented by an experienced attorney who is familiar with the laws and regulations that govern federal securities transactions.
Typically, the government looks for people who take advantage of sensitive information about company stocks. They can then pursue the person with additional violations, such as additional jail time or forfeiting gains.
The Securities and Exchange Commission investigates possible insider trades. It looks at who has direct access to the insider information, and whether the person traded based on it. The SEC can also impose civil penalties.
If an individual is found to be guilty of insider trading, he or she can face a fine of $5 million to $25 million. If the individual has made more than $10 million in insider trades, he or she could be subject to a sentence of 20 years in federal prison.
Breach of fiduciary duty
If you or a loved one has been accused of a breach of fiduciary duty, it is important to seek legal counsel. The law can be complex, and a good attorney can help you through the process.
Fiduciary duty is a type of obligation that a person has towards a party that is entrusted with money or property. This duty can be imposed by state or federal law. The law applies to individuals, as well as to corporate officers and shareholders.
A breach of fiduciary duty is generally the same thing as a civil lawsuit, but it can carry significant financial consequences. The amount of compensation awarded depends on the amounts of damages suffered by the plaintiff. In addition, the person who violated the fiduciary obligation may face professional consequences. These include loss of accreditation and licenses.
A successful fiduciary duty claim must prove that the defendant’s action caused the damages that the plaintiff has incurred. It can also be shown that the defendant’s actions were in violation of industry ethics.
Penalties
The white collar crime lawyer must be able to defend clients from criminal charges. The prosecution has the burden of proof. If the defendant is convicted of a white-collar crime, he or she may face a variety of penalties.
The penalties that can be imposed on a defendant depend on the type of offense and the amount of money involved. Typically, the penalties for white-collar crimes are large fines, imprisonment, and loss of professional licenses.
Asset forfeiture is another financial penalty. If the property involved in the crime was purchased using funds that were gained through the offense, a judge can order it to be forfeited. This can include a family home, computer, and other personal property.
Depending on the severity of the offense, a defendant may be ordered to pay restitution to the victim. Restitution can take years to pay, but it is possible to have the value of the loss repaid.
White collar crimes are usually committed by respectable people who want to earn illegal financial gain. These crimes can have negative effects on businesses, individuals, and the government. They often involve deceit and racketeering.