Oklahoma white collar crimes include any number of illegal offenses pertaining to commercial or business activity. Although the term "white collar crime" implies that these offenses are committed primarily by the upper middle class, the fact is that white collar crimes are committed by individuals of all socio-economic statuses.
Types of White Collar Crimes
White collar crimes in Oklahoma typically relate to misappropriation of funds and include criminal offenses such as:
- Tax Evasion or Tax Fraud
- Credit Card Fraud
- Medicare Fraud and Health Care Fraud
- Securities Fraud
- Insider Trading and SEC Violations
- Insurance Fraud
- Bank Fraud
- Check Fraud
- Bankruptcy Fraud
- Computer Crimes
- Identity Theft
- Money Laundering
It is estimated that fraud, embezzlement, and other white collar crimes cost the United States over $300 billion each year. Many white collar crimes are not only against Oklahoma law, but they are prosecuted as Federal crimes.
If a crime is prosecuted as a Federal offense, charges will likely be brought by government agencies including the Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), or Securities and Exchange Commission (SEC). White collar crimes are felony offenses.
Penalties for white collar crimes in Oklahoma vary depending on the type of crime and the amount of money or value of property involved in the embezzlement, fraud, or misappropriation.
For example, embezzlement in Oklahoma is punishable by up to 10 years in prison and $10,000 in fines. In addition, anyone convicted of embezzlement of more than $500 is required to pay restitution to his or her victims. For those accused of illegal financial activity, the first course of action should be to contact a qualified Oklahoma white collar defense lawyer.
A criminal defense lawyer who specializes in white collar crime defense can expertly handle a case, advising the client on next steps to take for the optimum outcome. With expertise in law pertaining to accounting, finance, and property, a white collar defense attorney can challenge the evidence presented by the prosecution and can present evidence supporting the lack of criminal intent.
Anyone who suspects he or she is being investigated for white collar crime, or who suspects that an action in which he or she is engaged may be illegal, should immediately cease the questionable activity and seek the advice of an experienced Oklahoma fraud lawyer or Oklahoma embezzlement lawyer.