WHAT IS WHITE-COLLAR CRIME

White-collar crime is mainly used to categorize crimes committed by respectable persons, government, and businesses. The characteristics of these crimes include violation of trust, concealment, and deceit. It generally doesn’t depend on the use of violence or force. The aim of a white-collar crime is usually for financial gain.

Have you been accused of a white-collar crime, and you don’t know what to do and what to avoid? You can speak to an experienced criminal defense lawyer from reputable law firms like Carlson Meissner Hart & Hayslett, P.A. You can read more from their site to learn about your rights.

TYPES OF WHITE-COLLAR CRIMES

PONZI SCHEME

This was named after the first perpetrator of the scheme—Charles Ponzi. It is an investment scam that promises its investors a significantly high return on investment. To make the system work and attract more people, old members are paid with new members’ funds. Eventually, the platform will run out of new members and crash, leaving investors with huge losses.

EMBEZZLEMENT

This is a type of white-collar crime that may involve an employee diverting some company’s cash from the company’s safe for personal use. Simply put, embezzlement means the misappropriation or theft of money placed in your care.

MONEY LAUNDERING

Money laundering is a peculiar service rendered to criminals to help “clean” their money. It entails the funneling of cash through numerous accounts and businesses until it can’t be traced back to its crime source. The cash becomes intertwined with revenues from the legitimate source and can no longer be linked to the crime.

ESPIONAGE

This is also referred to as spying. It is the act of obtaining a confidential secret or divulging it without the consent of the owner. Although espionage is most associated with government bodies, it could also extend to commercial organizations.

FRAUD

Fraud is a broad word used for various types of schemes used to trick people out of their cash. A common type of fraud is asking people to send a small processing fee to receive a huge amount of money in return—fraud cuts across all levels and social strata.

INSIDER TRADING

This occurs when a trader has access to information that is not available to the public. This type of information gives him or her an edge in the financial market. For instance, a staff of an investment bank who knows that firm A is about to buy firm B can go ahead to buy a massive chunk of firm A’s stock in hopes that the news will push the stock price. This is insider trading, and it is a punishable offense.

IDENTITY THEFT AND CYBERCRIME

The two most popular computer crimes are identity theft and computer hacking. The perpetrators of these two computer crimes have stolen an unimaginable amount, especially in the USA. In 2019, approximately $2 billion was lost to identity theft alone.

CLASSES OF WHITE COLLAR CRIMES

INDIVIDUAL CRIME

These are crimes perpetrated by an individual or group of people. A perfect example of this is the Ponzi scheme. Other examples are hacking, fraud and counterfeiting.

CORPORATE CRIME

They are white-collar crimes that occur at the corporate level. For instance, a brokerage company may allow its employees to carry out insider trading to benefit its investors.

Committing a white-collar crime can lead to a lengthy jail term and a heavy fine. If you are being charged with this crime, you must reach out to an experienced lawyer immediately.

For What Injuries Can I File A Personal Injury Claim?

Accidents can happen at any time and within the twinkle of an eye. The consequences, however, may remain for the longest possible time. Many people have suffered temporary or permanent injuries on account of another person’s negligence. When such occurs, it is important to have qualified attorneys like the lawyers from 801 Injured in one’s corner to ensure the protection of legal rights and interests. Before proceeding to seek compensation for accident injuries caused due to another person’s negligence, one needs to understand what injuries qualify as a personal injury and allows them to file a personal injury claim.

The National Safety Council reports that people between the ages of 1 to 44 die mostly from unintentional injuries. These injuries may be due to another person’s negligence as backed by the National Safety Council’s report that states human error to be the leading cause (about 97 to 99%) of such injuries as this.

Common Injuries You Can File A Personal Injury Claim For

Soft Tissue Injuries

One of the commonest kinds of injuries that qualifies you to initiate a personal injury claim, especially against the negligent party or parties, is soft tissue injuries. These injuries are often caused by the impact of a sudden jolt during an accident. It may be due to the unexpected movement or contortion of the body or body parts. This type of injury often results in sprains and strains. Many people have reported whiplash in the aftermath of an accident. Other types of soft tissue injury include contusions, concussions, tendonitis, and bursitis.

Soft tissue injuries are common effects of personal injury accidents like car accidents and slip and fall accidents.

Broken Bones

While some soft tissue injuries like bumps and bruises may not require medical intervention for a complete healing, broken bones are more severe. During an accident, whether a car accident, truck accident, slip and fall accident or others, a person may suffer broken bone injury based on the degree of impact. Most victims of slip and fall accidents may suffer broken shoulders, elbows, hips, or necks. Vehicle accident victims may also suffer these and more, including a broken knee.

Broken bones come with a lot of pain and in many cases require months of healing before the injured victim may begin to use the affected body part again.

Traumatic Brain Injuries

Brain injuries are generally classified into two categories, traumatic and non-traumatic brain injuries. Traumatic brain injuries are caused by trauma which may be a result of a sudden force applied to the head. Traumatic Brain injuries cause over 235,000 hospitalizations annually and the death toll is equally high. People who suffer injuries like this may never fully recover and may exhibit complex symptoms like memory loss, sensory issues, difficulty concentrating, headaches, and dizziness.

Spinal Cord Injuries

The spinal cord is designed to relay information from the brain to the rest of the body. Connecting the base of the skull to the tailbone and controlling the affairs of the limbs and other body parts, a problem to the spinal cord can leave the body in a vegetative state. Many people suffer spinal cord problems due to the severity of an impact at the time of an accident. This type of injury may be permanent and may derail the victim’s life.

All of these injuries significantly cause pain and suffering to the victim and also demand medical attention for proper management. Hiring a personal injury lawyer may be a great start to filing a personal injury claim.