There are countless subcategories of criminal fraud: securities fraud, mail and wire fraud, health insurance fraud, identity theft, tax fraud, money laundering, embezzlement – the list goes on and on. With so many different shades of fraud distinguished by state and federal law, it’s important for defendants and their loved ones to have a good understanding of the nature of the allegations which are being made. In this article, our white collar crime lawyers will explain the key differences between common types of fraud – and the potential penalties if a defendant is convicted.
While fraud comes in many different colors, all forms of fraud share one basic feature in common: they are all financial crimes, commonly referred to as “white collar crimes.” The FBI describes white collar crimes rather bluntly, stating on its website, “Lying, cheating, and stealing: that’s white-collar crime in a nutshell.”
Because many white collar crimes are also federal crimes, convicted offenders may be subject to extremely harsh penalties in accordance with the Federal Sentencing Guidelines. Consider the following potential fines and prison sentences:
If you’ve been charged with white collar crimes in Philadelphia or elsewhere in Pennsylvania, you face incredibly harsh criminal penalties – as well as the long-term ramifications of having a criminal record attached to your name.
When the stakes are this high, it is of the utmost importance that you immediately seek legal help from a knowledgeable and experienced criminal defense lawyer. The attorneys of Krasner & Long have extensive experience representing clients charged with highly complex federal felonies, and are prepared to vigorously defend your case. To start discussing your situation in a free and completely confidential legal consultation, call the law offices of Krasner & Long right away at (215) 302-0171.