White Collar Crimes in Michigan

If you or a family member have been accused of a white collar crime, Jeffrey E. Clothier Attorney at Law can help. A white collar crime constitutes a nonviolent offense by an individual or group of individuals that is typically perpetrated for financial gain. Jeffrey E. Clothier, named one of the nation’s top 100 trial attorneys by the National Trial Lawyers Association, has been practicing in federal court since 1995. He has extensive experience in defending those accused of white collar crime, including fraud charges, embezzlement, money laundering, and tax evasion.

Fraud Charges

Fraud is a crime in which an individual or business provides false information to deceive another for financial gain. A common subcategory, securities fraud, occurs when an insider in the financial industry provides false information to an investor for his or her own benefit. Fraud also includes insider trading, in which stocks are bought and sold using information that is not publicly available; dummy corporations, which is the sale of stock in a company that does not exist; and Ponzi schemes, (sometimes called pyramid schemes) in which established investors withdraw funds provided by new investors. Another category, mortgage fraud, occurs when information on mortgage documents is intentionally altered to mislead the borrower, government, or lender. Depending on the type and extent of fraud, penalties can include up to 30 years in prison and up to $5 million in fines.

Embezzlement

The crime of embezzlement occurs when an individual withholds an organization or corporation’s funds for his or her own monetary benefit. This crime is usually perpetrated against one’s employer and can include public officials using public funds for personal expenses and legal guardians taking money from family members (whether children or older relatives). Depending on the degree of embezzlement, this crime is punishable by up to 20 years in prison and up to $50,000 in fines.

Money Laundering

This white collar crime occurs through a series of financial transactions designed to make funds from an illegal enterprise, such as drug trafficking, appear legitimate. Money laundering is punishable by up to 20 years in prison and a fine of up to $50,000.

Tax Evasion

Tax evasion, or tax fraud, occurs when a person or organization intentionally avoids paying state, local, or federal taxes. Intentional tax fraud is punishable by up to five years in prison and up to $250,000 in fines.

Contact Jeffrey E. Clothier to help protect your rights if you have been accused of a white collar crime.