An Overview of White Collar Crimes in Dallas
White collar crimes are a serious issue in Dallas, Texas. These crimes, carried out under a variety of motives, are generally defined as fraudulent activities carried out by individuals or companies, usually in a business setting, in order to gain an unfair advantage or financial gain. These types of crimes are often difficult to detect, as they are often committed with a high degree of sophistication and planning. In Dallas, Texas, the most prevalent types of white collar crimes include fraud, embezzlement, money laundering, and identity theft.
Fraud is a Very Commonly Occurring White Collar Crime in Dallas
Fraud is one of the most common white collar crimes in Dallas and is usually committed for financial gain. It involves the use of deceptive practices to obtain money or property from another person or company. This includes false representation of facts, making false promises or statements, and concealing important information. Common examples of fraud include credit card fraud, corporate fraud, and insurance fraud. Under Texas law, fraud is punishable by up to 10 years in prison and a fine of up to $10,000.
Embezzlement is Another Prevalent Crime in Dallas
Embezzlement is another white collar crime that is prevalent in Dallas. It occurs when a person entrusted with the management or control of money or property of another person or business illegally converts the property or money for their own use. Common examples of embezzlement include employee theft, bank fraud, and theft of trade secrets. Like fraud, under Texas law, embezzlement is punishable by up to 10 years in prison and a fine of up to $10,000.
More and More Cases are Being Prosecuted for Money Laundering in Dallas
Money laundering is a white collar crime that is becoming increasingly common in Dallas. It involves the use of complex financial transactions to disguise the source of illegally obtained funds. Common examples of money laundering include tax evasion, bank fraud, and currency transactions. Under Texas law, money laundering is punishable by up to 10 years in prison and a fine of up to $10,000. A number of recent cases of money laundering in Dallas can be found online. It doesn’t take more than a few clicks to see how prosecution of money laundering is becoming more common in Dallas and throughout Texas.
Identity Theft in Dallas
Identity theft is another white collar crime we see quite a bit of in Dallas. It involves the use of another person’s personal information, such as their Social Security number, driver’s license number, or bank account numbers, to commit fraud or other illegal activities. Common examples of identity theft include credit card fraud, bank fraud, and online fraud. Under Texas law, identity theft is punishable by up to 10 years in prison and a fine of up to $10,000.
If You are Facing Charges for Fraud, Embezzlement or Another Crime, Call Gallian Firm for a Free Consultation
White collar crimes are a serious problem in Dallas, Texas, and the consequences for committing these crimes can be severe. At Gallian Firm, we have successfully handled countless fraud defense cases and white collar crime at both the state and federal level.
To avoid trouble with the law, it is important to understand the types of white collar crimes and the relevant laws and possible penalties for various levels of crimes under Texas law. But as importantly, if you or someone you know is facing white collar criminal charges in Dallas, it is important to seek the help of experienced criminal defense attorneys like those at Gallian Firm.
At Gallian Firm, we are aggressive, knowledgable, and experienced white collar defense lawyers. We are dedicated to providing our clients with the best possible defense and know what it takes to get charges reduced or dropped, and how to fight for our clients. Contact us today to discuss your case and get the legal help you need.