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  • White Collar Crime in Dallas

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The term “white collar crime” has evolved over the decades, but today it is primarily considered to be a crime that is committed by a high status employee during the course of his employment. These crimes typically occur in a business or financial setting and are meant to bring about financial gain.

These are mostly “paper crimes” and rarely employ physical violence. White collar crimes are most often used to obtain money, property, and/or a professional advantage. There are many crimes that can be considered a white collar crime, the most common include:

Money Laundering in Texas

One common offense that is considered to be a white collar crime is the offense of money laundering. This crime is generally described as an attempt by an individual to disguise the means through which money has been obtained. In truth, the money is obtained through some type of illegal means, such as drug sales.

Although most money laundering offenses committed in Texas are prosecuted under federal law, the state does have its own laws related to the offense. According to state law, the crime of money laundering has been committed when a person:

  • Acquires or maintains an interest in, conceals, possesses, transfers, or transports the proceeds of criminal activity;
  • Conducts, supervises, or facilitates a transaction involving the proceeds of criminal activity;
  • Invests, expends, or receives, or offers to invest, expend, or receive, the proceeds of criminal activity or funds that the person believes are the proceeds of criminal activity; or
  • Finances or invests or intends to finance or invest funds that the person believes are intended to finance or invest funds that the person believes are intended to further the commission of criminal activity.

How Are White Collar Crimes Investigated in Texas?

White collar crimes typically involve investigations that are long and involved. In fact, many of these investigations begin before formal charges are even filed against an individual. Once contacted by law enforcement, through formal charges or even being questioned as a witness, a defense attorney should be contacted in order to ensure the individual’s rights are protected.

What are the Penalties for White Collar Crimes in TX?

Most white collar crimes are considered felonies. This is just one important reason why it is necessary to obtain legal counsel as soon as possible.

In Texas, the minimum prison sentence for a felony conviction is one year. However, if crimes are prosecuted under federal law, there may be a minimum sentence imposed when convicted of the crime and the state is forced to abide by the minimum sentence required by federal guidelines. This means that a judge may not sentence a defendant to only probation if federal law requires jail time.

There may be times when restitution is an appropriate imposition related to the offense, as well. Restitution is a method employed by courts during the sentencing phase. This allows for the court to order an individual to financially reimburse a victim and the state for damage caused by the individual. The court will generally not take into consideration whether you have the financial means available to pay the required amount and may legally take your car, home, or other unprotected assets in order to make the payment.

Contact Our Proven White Collar Lawyers in Dallas

If you have been arrested and are facing charges associated with a white collar crime, contact The Wilder Firm to enlist a local criminal defense attorney who will advocate on your behalf.

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