White collar crime generally involves government agencies or businesses who have engaged in non-violent crimes that are financially motivated. According to the FBI, it “includes public corruption, health care fraud, mortgage fraud, securities fraud, and money laundering, to name a few.” At Gaydos Duffer, P.C., we primarily deal with the Department of Justice, the Securities and Exchange Commission, or the enforcement branches of other federal government agencies.
Often, the first indication our client has that there is a problem is when the FBI or IRS knocks on the door of the individual or shows up at the business with a search warrant. Our office should be called so we can give advice on how to handle the search warrant.
Misconduct Within an Organization
Our firm is frequently called in by organizations that are concerned that there has been misconduct by someone within the organization. They need an internal investigation to identify the financial misconduct. That way, the corporation or business can cooperate with the government agency in identifying the fraudulent activity and dealing with it without a criminal prosecution.
At times, we represent a “whistle blower,” who is someone within an organization who has witnessed misconduct and reported it or wants advice from us on how to report it. We protect that person from retaliation from their employer and make sure they keep their job if that is what they want.
Penalties for White-Collar Crimes
The penalties for those convicted of a white-collar crime range from probation to life in prison. The sentence depends on many factors, including the criminal history of the person or business involved, and the amount of money the court determines the individual or company benefited from by the fraudulent activity.
Many people know the name Bernie Madoff. He is serving a life sentence because of the extreme amount of money the federal court found was involved in his fraudulent scheme. In other cases, the convicted individual may receive a sentence of 20 or 30 years, which is a life sentence for someone who is 60 years old.
If you are an individual who is concerned that you may be charged with a white-collar crime, or a business entity concerned about misconduct within your organization, contact attorney Larry Gaydos of Gaydos Duffer, P.C. He has more than 30 years of experience defending those in both federal and state courts who have been charged with white collar crimes. Call us at (817) 548-5643 to make a consultation appointment.