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White-collar crimes have taken center stage in Texas and law enforcement have taken note. What exactly are white-collar crimes? What are the legal implications of involvement or suspected involvement in white-collar crimes? Will explore these questions, and more, here.

White Collar Crimes in Texas

White-collar crime is a broad umbrella category of criminal activity that encompasses a wide-ranging spectrum of non-violent, financially motivated offenses that can be committed by private individuals, businesses, or even government professionals. In Texas, these offenses are covered by an extensive legal framework, including state laws and federal statutes. Some common examples of white-collar crimes include:

  • Embezzlement
  • Fraud
  • Insider trading
  • Money laundering

In Texas, white-collar crimes investigations are often a collaboration between state and federal law enforcement agencies. The Texas Attorney General’s office, the Federal Bureau of Investigation (FBI), and the Securities and Exchange Commission (SEC) are among the key players that try to unravel these often complex financial schemes. Prosecution of a white-collar crime may occur at both the state and federal levels, depending on the nature and scope of the offenses.

Texas law takes a stern stance against white-collar offenses, with harsh penalties that can include substantial fines, restitution, and lengthy imprisonment. These offenses are categorized under the Texas Penal Code, which prescribes penalties commensurate with what is considered to be the severity of the offense. The penalties are aimed at deterring individuals from engaging in deceptive financial practices and helping to ensure accountability for those found guilty.

Imprisonment and fines are two of the biggest penalties for white-collar crimes in Texas. The amount of the fines will depend on the nature and scale of the offense. Victims of white-collar offenses often incur significant financial harm and the fines imposed on those found guilty of white-collar crimes tend to reflect the economic impact of the crime. As far as imprisonment is concerned, offenders may face lengthy sentences, particularly for offenses involving large sums of money or egregious violations of the public trust. Those under investigation or facing prosecution for white-collar crime involvement will find they are confronted with the full force of the prosecution’s resources as the government works to pursue full accountability in order to try to deter others from engaging in such conduct.

Criminal Defense Attorneys

Building a strong defense against these charges requires an in-depth understanding of both state and federal statutes that govern such cases. Our experienced team of criminal defense attorneys are well versed in the state and federal laws that can be implicated in white-collar crime cases. You can count on us to mount a vigorous defense on your behalf. Reach out to the team at Navarrete & Schwartz today. When it comes to criminal defense, time is of the essence. We are proud to serve the residents of Midland, Texas. Contact us today.