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   Gioffredi & Associates

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2 Minutes Read

An Overview of Financial and Corporate Misconduct (White Collar Crimes) 

Understanding the Definition of White-Collar Crimes 

The term "white-collar crimes" was first introduced by the sociologist Edwin Sutherland in 1939. He used this term during his presidential address to the American Sociological Society to describe illegal activities that were like those committed by criminals from lower social classes. Furthermore, white-collar crimes usually involve complex financial transactions, fraudulent activities, or deliberate omissions of important financial information, resulting in significant financial losses for individuals, businesses, and entire economies.

At Gioffredi & Associates, we understand that even decent, law-abiding citizens occasionally make a mistake that lands them in jail. Therefore, in this blog, we will cover the different types of white-collar crimes.


Types of White-Collar Crimes 

White-collar crimes include fraud, embezzlement, bribery, insider trading, and money laundering. These crimes can have a significant impact on the economy and society, yet it is crucial to understand the difference among them: 

  • Fraud can cost businesses billions of dollars, reduce consumer confidence, and damage reputations. 
  • Embezzlement can result in the misappropriation of funds intended for investment, payroll, or operations. 
  • Bribery is also a white-collar crime that can harm the economy, as it undermines fair competition and can give undue advantages to specific businesses. 
  • Insider trading involves using non-public information to make investment decisions, often resulting in illegal profits. 
  • Finally, money laundering hides illicit assets through transactions that make them appear legitimate.

The Importance of Choosing the Right Defense

Defending white-collar crimes typically involves a complex and multifaceted approach that may vary depending on the specific allegations and circumstances of the case. Furthermore, it is essential to know that it is a highly complex process that requires extensive legal knowledge and experience. The defense attorney must conduct a thorough investigation and develop a strong defense strategy to achieve the best possible outcome for the client.

Hence, at Gioffredi & Associates, we’ve defended criminal cases in the Dallas area since 1987. We’ve seen a lot in the past 30 years, and we can share our experience with you by providing an aggressive and passionate defense in your criminal case.



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