White-collar crimes refer to a range of crimes committed for financial gains at the expense of breaking the law. Although the people involved in this crime do not create violence, they are responsible for not upholding the law and tricking people. Those involved in such crimes are people in a position of power and those that are financially well off.

Types Of White-Collar Crime

White-collar crimes are of two types: individual-level crimes and corporate crimes.

At the individual level, a person or group of people take part in crimes such as identity theft, fraud, bribery, etc. At the corporate level, white-collar crimes include insider trading and other such crimes where a corporation is involved.

The following explains some of these crimes.

Insider Trading

Insider trading involves obtaining information not available to the public through various means. If this information is illegally used to either buy or sell stocks in the stock market, it leads to white-collar crime. Criminals use this information to benefit themselves financially.

Cybercrime

The purpose of cybercrime is to hold data and other information as a ransom until the victim pays a particular amount of money. In addition to this, cybercrime is a means to obtain personal information, such as credit card numbers, social security numbers, and passwords, for financial gains. Over the years, there has been an increase in cybercrime because of the anonymity it affords the perpetrator.

Copyright Infringement

Also known as intellectual property theft and piracy, copyright infringement involves cheating and stealing someone’s work and presenting it as your own. According to the FBI, it is considered a white-collar crime.

Money laundering

Criminals gather funds from illegal sources and try to legitimize their earnings. Money laundering involves channeling cash into a legitimate business.

What Does A Federal Criminal Lawyer Do?

Federal criminal lawyers represent clients charged with white-collar crimes and others, including sexual abuse crimes, drug offenses, firearms crimes, etc.

When an individual is charged with a white-collar crime, the job of the criminal defense attorneys is to explain the rights of the person(s) involved. In addition to this, the lawyer provides legal counsel to the parties involved. Proceedings at federal courts vary from those in state courts. Moreover, the sentences handed out at federal court may be stricter than those at federal court. Hence, hiring experienced and competent criminal defense attorneys can help you tremendously.

In addition to this, a lawyer will investigate the case by interviewing the people involved in the case. They will also draft appeals and keep up with the paperwork. Competent lawyers have the client’s interest at the forefront of their concerns. So they will do their best to help their client to win a case or get a shorter sentence.

It often happens that people from the low-income background cannot afford the expenses of a lawyer. You can find a low-cost legal service to help you in the case. Visit this link for more information. When choosing a lawyer, one must make sure that they cater to your requirements and your particular case.