If your spouse faces federal white-collar crime charges, you may be at a loss as to what to do next. This time is likely incredibly stressful and confusing for you and your spouse. As a result, if your spouse has been charged with a federal crime, there are important things you need to keep in mind to help navigate this difficult situation. If your spouse has not already done so, strongly advise them to consult with a criminal defense attorney.

Make no mistake: the feds do not fool around. As a result, your spouse may be in serious legal jeopardy. An attorney can help ensure your spouse’s rights are respected, and a positive outcome can be pursued.

Here is What You Should Keep in Mind if Your Spouse is Facing Federal Charges

Here are some things you should keep in mind, including:

Federal white-collar crimes are non-violent offenses that are generally financially motivated and may involve different types of fraud, embezzlement, money laundering, bribery, and similar offenses. While these types of crimes are usually associated with high-profile cases, there are still many misconceptions about what they are, how they are prosecuted, and the potential consequences. Today, we will discuss common misconceptions regarding federal white-collar crimes. If you are ever charged with a federal white-collar crime, please understand that you are in serious legal jeopardy and should strongly consider hiring a criminal defense attorney who will work to ensure your rights are protected.

Myths Regarding Federal White-Collar Crime

Here are some common misconceptions regarding federal white-collar crime, including:

• They are victimless crimes – One of the most common misconceptions is that white-collar crimes are victimless. However, this is far from the truth. White-collar crimes can have a devastating impact on individuals, businesses, and even entire industries. For example, types of fraud or insider trading schemes can result in substantial financial losses that hugely damage people's lives. 

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Money laundering is a serious federal crime involving disguising the proceeds of criminal activity as legitimate funds. Money laundering is considered a white-collar crime, which many people incorrectly believe makes it less severe of an offense. However, this is untrue, as many white-collar crimes such as money laundering are prosecuted seriously and carry stiff penalties. 

It cannot be understated that if you are charged with money laundering, it is in your best interest to contact a federal crimes defense attorney who has defended clients in white-collar cases before. Your attorney will be able to guide you through the legal process while also acting as an advocate on your behalf as you work towards obtaining a positive outcome in your case.

What Does the Law Say?

Federal law defines money laundering as knowingly engaging in a financial transaction involving property derived from illegal activity with the intent to promote unlawful activity or evade taxes, reporting, or other legal requirements. This can include depositing or withdrawing large amounts of cash, transferring funds between accounts, or purchasing high-value assets with funds known or suspected to be derived from illegal activity.  

You have probably heard of the term “white-collar crime.” This term refers to non-violent financial crimes, often committed by people, businesses, or government entities to unlawfully conceal or obtain money to benefit themselves or a business. White-collar crimes may include mortgage fraud, bank fraud, internet crimes, wire fraud, money laundering, identity theft, and credit card fraud. Today, we will delve deeper into what credit card fraud is and what activities can lead someone to be arrested and charged with credit card fraud.

At the outset, it cannot be stressed enough that if you have been charged with credit card fraud, your first step should be consulting with an experienced attorney. A common myth associated with many white-collar crimes is that such offenses do not carry serious jail time. This is patently false. If you have been charged with a white-collar crime, understand that you are in serious legal jeopardy and must take such charges seriously. 

What Is Considered Credit Card Fraud? 

Various situations can constitute credit card fraud. These situations may include but are not limited to:  

White-collar crimes are non-violent offenses that are often prosecuted against business professionals. These crimes are typically motivated by gain and are characterized by deception or concealment. A goal of a white-collar crime is benefiting in regard to money, property, or services. In these cases, a prosecutor will typically rely on paper trails and digital history rather than physical evidence such as DNA. 

Understanding White-Collar Crime

The term white collar crime began to be used around 1939 and is a broad term for a variety of offenses. Since there are many violations that are considered white collar crimes, the consequences can vary. Possible penalties include fines, probation, community service, and imprisonment. 

Getting charged with a white-collar crime can ruin your reputation, business, and lifestyle, and it is important to understand the nature of the charges and the best way to respond to them. Some violations that are considered white collar crimes include: