Nacogdoches TX White Collar Crime Lawyers
White collar crime is a term that was coined by the FBI in 1939 and typically describes crimes not committed from a place of passion but by a calculated attempt to undercut financial regulations or perpetrate intellectual theft. Money laundering, fraud, and corruption are a few of the more broad categories that describe white collar crime. Despite its storied Wild West History, modern day Texas is home to some of America’s largest corporations, so white collar crime is no stranger to the Lone Star State. According to some accounts, the five most common white collar crimes in the state are corporate fraud, tax evasion, money laundering, embezzlement, and healthcare fraud.
Corporate fraud keeps the FBI busy year round and typically involves cooking the books to make a company look more profitably than it really is, which in turn can be dangerously misleading to the public (especially in the case of publicly traded companies). Tax evasion is on the flip side of the number-fudging coin, and involves doing anything and everything to pay Uncle Sam his dividends. Money laundering involves hiding illegally obtained money by funneling it through legitimate business activity. Embezzlement involves secretly taking money from a business and is usually perpetrated by someone with a higher degree of access to the company’s financial information. Healthcare fraud is a fairly broad term and can involve everything from a doctor billing an insurance company for services not rendered, or a patient using a false name to leverage someone else’s insurance.