White-collar crimes are classified under the broader category of theft in South Carolina. The fact that these crimes use fraud rather than violence to take something that belongs to someone else away from them for gain is why they’re called white-collar crimes. White-collar crimes are often committed online, allowing many charges to be brought at both the state and federal levels. If you’ve been charged with a white-collar crime, discuss your case with an experienced South Carolina white-collar crime attorney today.
What Are White Collar Crimes?
Many acts qualify as white-collar crimes, but the common thread among them is that they are financial crimes. These crimes are generally committed by individuals who work in the business sector, which is where the term “white-collar crime” originates. Unlike other financial crimes, white-collar crimes typically focus solely on theft by fraud or corruption and don’t involve violence, property damage, or drugs. The total amount involved in the fraud case determines the level of the charge and the fines and penalties that apply.
Embezzlement
Embezzlement is the crime of funneling business funds for one’s financial gain and engaging in fraudulent practices to cover it up. It often occurs over a long period rather than in a single incident. The specific charge of embezzlement of public funds refers to the commission of financial fraud by someone entrusted with the transfer, disbursement, or safekeeping of public funds.
Embezzlement is identified as a breach of trust with fraudulent intent in South Carolina, and the following two elements must apply:
- The accused was entrusted with funds for the benefit of someone else
- Their converted funds are in question for their benefit
Money Laundering
Money laundering charges are often levied at the federal level. They relate to using proceeds from unlawful activity to conduct seemingly legitimate financial transactions. Money laundering generally involves steps designed to conceal the origin of the funds, which is where the term “laundering” comes in—the idea is to wash the funds clean.
Tax Evasion
Tax evasion can occur at the state or federal level and refers to willful attempts to avoid paying taxes or property assessments. Making false statements and failing to provide adequate tax information also qualify. Finally, assisting someone else in the fraudulent preparation of tax returns is yet another form of tax evasion.
Speak with an Experienced White Collar Crime Lawyer Today
The reliable criminal defense attorneys at Beasley Tomlinson Law in South Carolina appreciate the significance of the charge you’re facing, and we’re well-prepared and well-positioned to help. We serve residents of Greenville, Spartanburg, Mauldin, Easley, Simpsonville, Pickens, Greer, and Duncan – as well as Greenville County, Spartanburg County, Pickens County, and Florence County. Learn more by contacting us online or calling 864-775-5787 today.
