Federal White Collar Crimes

Cases involving federal white-collar crimes tend to be extremely complex, and usually require extensive investigations by law enforcement. Sometimes, an individual can be under investigation for months before they are ultimately charged with an offense.

With such diligent investigation, the prosecution can sometimes be armed with what seems like insurmountable evidence. In order to avoid being crushed under the evidence, contact an experienced federal crimes defense attorney as soon as possible.

Federal White Collar Crimes

Federal White Collar Crimes Defense Lawyer in Irving, Dallas, Carrolton, Richardson, TX

If you have been charged with a federal white-collar crime, contact the Law Offices of Richard C. McConathy today at (972) 233-5700 for a consultation about your alleged offense in Irving, Dallas, Carrolton, Richardson, and surrounding areas of Dallas County, Texas. Our firm will work to potentially get your criminal charges reduced or dismissed.

Federal White Collar Crimes and Punishments in Texas

For some crimes, the law allows an individual to be prosecuted under both state and federal laws. The punishments under federal laws tend to be much harsher than those under state laws.

The following white-collar crimes are commonly classified as federal offenses and can be punished under federal laws.

Mail Fraud

According to Title 18 U.S. Code § 1341, an individual is guilty of mail fraud if he or she devises or intends to devise a scheme to defraud or obtain money/property by false pretenses, with the use of the Postal Service. If an individual is convicted of mail fraud on a federal level, he or she can be fined and/or sentenced to up to 20 years in prison.

Bank Fraud

Under Title 18 U.S. Code § 1344, an individual can be charged with bank fraud if he or she executes or attempts to execute a scheme to defraud a financial institution by obtaining money, credits, assets, funds, or other property owned by or under the control of a financial institution, by means of fraudulent pretenses or promises. Individuals convicted of this offense will face up to 30 years in prison, and/or up to a $1,000,000.

Money Laundering

According to Title 18 U.S. Code § 1956, money laundering is a scheme in which a financial transaction is made in an attempt to conceal the identity or source of money. This federal offense usually involves illegal activity that generates revenue.

The revenue is then passed through an elaborate scheme of transactions that may make it difficult to determine the initial source of the money. Finally, the money is returned to the launderer in a discrete and indirect way.  This offense is punishable by up to 20 years in prison, and/or up-to $500,000 in fines.

Embezzlement

Title 18 U.S. Code § 656 defines embezzlement as the fraudulent theft of personal property by someone who has been entrusted to protect it. Embezzlement, which is commonly referred to as “skimming off the top”, is punishable by a fine of up to $1,000,000 and/or up to 30 years in prison.

Racketeering (RICO)

Under 18 U.S. Code § 1961, racketeering is a set of illegal activities, carried out as part of an enterprise, that are aimed at commercial profit and disguised as legitimate business deals/transactions. Common examples include fraud, illegal gambling, bribery, extortion, kidnapping, arson, and violence or the threat of violence. Individuals convicted of racketeering can be fined, and/or sentenced to up to 20 years in prison.

Find A Dallas County Defense Attorney for Federal White Collar Crime Charges | Law Offices of Richard C. McConathy

If you have been charged with a federal white-collar crime, contact the Law Offices of Richard C. McConathy today at (972) 233-5700 for a consultation about your alleged offense in Irving, Dallas, Carrolton, Richardson, and surrounding areas of Dallas County, Texas. Our firm will work to potentially get your criminal charges reduced or dismissed.

Back to top