You’ve worked hard to get where you are and your family depends on you. Working in finance, you have placed yourself in a great position to climb the corporate ladder in continued efforts to support your family. But be wary of those in higher level positions who may take advantage of you. It’s very important to know the various activities that can flag you for a white collar crime investigation.
- False accounting
- Certain transactions based on market timing
- Evasive transactions
While being investigated for a white collar crime does not guarantee that you’ll be convicted, in 2015, the government prosecuted close to 7,000 individuals for white collar crime.
Profiling a white collar criminal
Like anything, there is a typical profile for a white collar criminal. If you happen to match that profile, take extra precautions to protect yourself. Here are some common traits of a white collar criminal, according to the Association of Certified Fraud Examiners.
- Lone wolf
- College educated
- Working in finance
- Refusal to share certain projects
Regardless of it you match the profile or not, knowingly or unknowingly participating in suspicious activities related to finance could result in an investigation with serious consequences.
How people find out they’re under investigation
- You may receive a random visit to your home.
- You may receive a subpoena.
- You may receive a letter from the U.S. Attorneys’ office.
- The police may execute a search warrant for your home or business.
What to do if you’re being investigated
The consequences of a white collar crime conviction are chilling. The last thing you want to do is attempt to save some money and wait until the investigation is concluded. Being proactive and immediately hiring a strong criminal defense lawyer is not an indication of guilt, rather a sign of intelligence. With an experienced lawyer, you are more likely to reach a faster, more positive conclusion to this nightmare scenario.