White Collar Crime: What You Need to Know
When it comes to conducting business, reputation is everything. No matter what your industry, how people perceive you and your brand is crucial to growth and financial success. In the current internet age, it’s likely that many of your clients or potential business partners will have heard about you before you ever meet them. At the very least, they will likely do their research to get a good idea of who you are and what your business represents.
Being charged with a white-collar crime can put your reputation in jeopardy and bring your business to a screeching halt. If you find yourself in the middle of such a scandal, understanding the legal and public effects of these allegations can help you determine what you need to do to protect yourself, your family, and your reputation. Here’s what you need to know:
What is White Collar Crime?
“White collar crime” is an umbrella term most people don’t actually understand. It brings to mind images from TV dramas where the shady business man is dragged out of his office, disheveled and handcuffed, ready to be thrown behind bars. This skewed perception of what white collar crime is can cause serious damage to one’s personal and professional reputation.
In reality, the term refers to financially motivated, non-violent crimes alleged to be perpetuated by businesses or government officials. These charges may include:
Money laundering alleged concealment of the origin of illegally obtained money,