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Debunking white-collar crime myths

White-collar crimes occur constantly and in various ways. However, many people tend not to fully understand them or the seriousness of their nature.

Knowing the truth about this specific type of criminal charge is important when facing it. Similarly, understanding a few of the common myths about white-collar crimes may be beneficial, as well.

Same as theft

While white-collar crimes involve common elements of theft, they do not fall under the same category. White-collar crimes tend to be non-violent, while various forms of theft or robbery may include acts of violence. Also, theft and robbery are usually targeted, single acts. On the other hand, white-collar crimes tend to happen gradually over time and may involve tricking or separating several different people from their assets without their permission.

Power equals protection

Many people believe that the powerful and well-off are able to get away with white-collar crimes, however, this is far from the truth. In fact, over the last few years, there have been several instances where the government has cracked down on various influential parties who commit white-collar crimes on a large scale, such as tax evasion involving millions of dollars. For cases of that magnitude, creating a solid case is critical. Therefore, the government tends to run undercover operations that take time and various resources. Because the public is not privy to many of these intricate details, it may appear that the powerful are getting over. However, the truth is that such parties have further to fall.

Penalties

Considering the non-violent nature of white-collar crimes, many people tend to believe that such cases are not taken as seriously as other criminal offense charges. While it is possible for offenders who commit white-collar crimes to receive lighter penalties, that is not always the case. In fact, many convicted of white-collar charges may face hefty fines and several years in prison.

For those facing white-collar charges, building a strong defense is critical. It may be helpful to consult with a knowledgeable professional to determine the best course of action.

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