White collar crime is a broad legal term that encompasses many different areas of criminal law. Generally, there are two major ways of defining what a white-collar crime is:
- Crimes committed by individuals who come from affluent socioeconomic environments, or crimes committed by people who through the nature of their job have been put in positions of financial trust.
- Crimes committed involving an economic offense, often nonviolent, and usually incorporate a theft or fraud.
Are the Penalties for White Collar Crime More Severe?
That is a question for your Norwalk Connecticut white collar defense attorney. The penalty Is nearly entirely dependent on the crime in question. Most penalties carry a large monetary fine because of the nature of a white-collar offense. Types of white collar crimes include but are not limited to:...