White-collar crime is a growing legal concern across the United States, including in New York. The term refers to non-violent, financially motivated offenses often involving fraud, embezzlement, and insider trading. White collar crime defense in the U.S. requires navigating a complex mix of federal and state laws.
Types of White-Collar Crimes
Common white-collar offenses include:
- Fraud: Wire fraud, securities fraud, and mail fraud are prevalent in the financial sector.
- Embezzlement: Misappropriating funds entrusted to one’s care, common in corporate and non-profit settings.
- Insider Trading: Using non-public information to gain an unfair advantage in financial markets.
Recent White-Collar Cases
- Elizabeth Holmes – Theranos Scandal:
The founder of Theranos faced charges of defrauding investors and patients, resulting in an 11-year prison sentence in 2022. - Sam Bankman-Fried – FTX Collapse:
Accused of massive fraud related to cryptocurrency, this high-profile case underscores the need for robust legal strategies in complex financial cases.
White Collar Crime in New York
New York, as a financial hub, sees a significant number of white-collar cases. For example, in 2023, a Manhattan executive was indicted for embezzling over $2 million from a non-profit organization.
Defendants face both criminal and civil liabilities, making skilled legal representation crucial.
How Portale Randazzo LLP Can Help
At Portale Randazzo LLP, we specialize in crafting robust defense strategies for clients facing white-collar crime charges. Our attorneys understand the nuances of both federal and state law, offering:
- In-depth case analysis to challenge evidence.
- Negotiations to reduce charges or penalties.
- Aggressive courtroom representation.
With decades of experience, our firm has successfully defended clients against even the most complex allegations.
Protect Your Future
Being accused of a white-collar crime can have severe consequences, from financial loss to imprisonment. Don’t navigate these challenges alone—contact Portale Randazzo LLP today to safeguard your rights and future.