White collar crimes take many forms and people face charges for all sorts of different reasons. From fraud to computer-related offenses, these offenses may not seem as serious as others, in some peoples' opinions. However, it is essential to understand how potentially damaging these charges could be if you have been charged with a white collar crime. In Phoenix, and all across the state of Arizona, these charges may carry stiff financial penalties. However, there are many other consequences that people in this position could face as well.
If you engaged in a Ponzi scheme in Arizona, it is possible you could be the subject of prosecution. As explained by Arizona’s Attorney General, if you engaged in certain activities, you could see criminal charges. Those activities include the following:
There are many issues to consider for those who have been accused of a white collar offense, from the potential penalties they may face (prison time, fines, etc.) to the way in which these accusations will affect their career. If you have been charged with a white collar crime, you may have all sorts of questions. Moreover, you may be unsure of which course of action to take. Sometimes, people in this position turn to the internet or talk with people they are connected to on social networking sites. However, it is pivotal to be mindful when it comes to the information that you share on social media.
People in Arizona may not realize that the term fraud has a broad definition that actually encompasses a wide range of activities. According to FindLaw, the four keys that bind them all together are intent, deception, victimization and financial gain. The penalties vary widely but often include a prison sentence and heavy fines.