Economic crimes are offenses that involve some type of swindling of money, goods, or services. These offenses are often referred to as white collar crime, a term that has been used since 1939, according to the Federal Bureau of Investigations. These fraudulent crimes can affect businesses, families, and everyday citizens.
There sometimes is a misconception that white collar crimes are only committed in big business environments. However, anyone could be charged with an economic crime on a state or federal level. These charges can carry harsh penalties. Fighting a conviction is important to protecting your future.
White collar crimes can carry harsh penalties and a lifetime of consequences. If you have been accused of any act that could constitute a white collar offense, protecting your future is important. Contact Las Vegas economic crime lawyer Jeffrey Jaeger for knowledgeable and skilled legal counsel. No matter the situation, Jeffrey can help you challenge the charges.
Jeffrey, a co-author of Westlaw’s Courtroom Handbook of Nevada Evidence, has a strong understanding of the criminal process and how the prosecution works. He is skilled in challenging and he is adamant about doing what it takes to help his clients get a favorable outcome in their cases.
The Law Offices of Jeffrey Jaeger represents clients throughout Clark County, including those in Las Vegas, North Las Vegas, and Henderson. Call (702) 816-3888 to schedule a free consultation and learn more about your legal options. The Law Offices of Jeffrey Jaeger can help.
Nevada law outlines several different types of fraud that could be considered economic crimes. The acts could include defrauding a company, another person, or a governmental program. Some types of fraud offenses include:
Insurance fraud — According to Nevada Revised Statute 686A.2815, insurance fraud occurs when a person knowingly and willfully presents false or misleading information on an application for an insurance policy, presents or assists in presenting false or misleading information on a claim, acts with the intent to defraud the insurer, or accepting proceeds from a claim with false information. This is a Category D felony.
Medicaid fraud — If a person authorized to provide care under Medicaid furnishes care to someone with a card that is known to be obtained or retained illegally, the care provider could be charged with a Category D felony, according to Nevada Revised Statute 422.369. A card holder could face fraudulent charges if he or she uses a forged, expired, or revoked card; sells or purchases a card; or obtains or possesses a card without the holder's consent. These offenses are Category D felonies.
Mortgage fraud — A person could be charged with mortgage fraud if in connection with a mortgage he or she knowingly makes a false statement or misrepresentation, knowingly uses a false statement made by another concerning a material fact, receives proceeds from a mortgage lending transaction that violated the law, conspires with another to violate the law, or files a document with false information with a county recorder. According to Nevada Revised Statute 205.372, this is a Category C felony.
Credit card fraud — Credit card fraud can be committed in various ways, according to Nevada Revised Statute 205.760, including using a credit or debit card to obtain money or goods without the cardholder's permission. A person could also be charged if he or she uses the number from a card to obtain goods or services without the cardholder's consent or obtains goods or services while presenting himself or herself as the card holder. This could be a Category D felony.
Any bailee of any money, goods, or services who converts it to his or her own use with the intent to steal it or defraud the owner of the money, goods, or services could be charged with embezzlement, according to Nevada Revised Statute 205.300.
Under state law, this charge could apply if a person takes any part of the money in which they are responsible. He or she does not have to take the entire amount for the charge to apply. Using any portion in a manner other than the purpose for which it was deposited to them could lead to criminal charges.
A person charged with embezzlement could be punished in the same manner as someone charged with stealing or larceny of property. This could potentially mean jail or prison time, expensive fines, and various other consequences.
The value of all the money, goods, property, or effects misappropriated in separate acts of embezzlement must be combined for the purpose of punishment for the offense charged if:
The penalties for Nevada economic crimes depend on the type of offense, the alleged offender's criminal history, and various other factors. However, some general sanctions could apply. According to Nevada Revised Statute 193.130, possible penalties could include:
If a crime has been charged as a federal offense, the penalties will be vastly different. These consequences could be harsher, including longer sentences and time in a federal prison.
A wide variety of white collar crimes could be charged and prosecuted on the federal level. For instance, any type of fraud that involves using mail services, telephone lines, or the internet could result in mail or wire fraud charges under 18 U.S.C. §§ 1341.
According to federal law, whoever devises a scheme to defraud by means of false or fraudulent pretenses and places something in the mail through the United States Postal Service, a private carrier, or a commercial interstate carrier, could be charged with mail fraud.
This offense could carry up to 20 years in prison, expensive fines, or both. If the violation occurs in relation to a federally declared major disaster or emergency or it affects a financial institution, the offense is punishable by a fine up to $1 million, up to 30 years in prison, or both.
Other offenses, such as money laundering, can be charged as a federal crime. This offense is defined as the process of concealing or disguising the proceeds of a crime or converting those proceeds into goods and services. This could include bank fraud, mortgage fraud, health care fraud, and Ponzi schemes.
According to the FBI, other possible federal white collar crimes could include:
U.S. Department of Treasury: The Office of the Comptroller of the Currency works to implement legislation designed to detect, identify, and prevent financial crimes and fraud. Consumers can play a role by reporting fraudulent activity, filing complaints, and more.
National Health Care Anti-Fraud Association: The National Health Care Anti-Fraud Association is the leading national organization focused on the fight against health care fraud. Its goal is to protect and serve the public interest by improving the detection, investigation, civil and criminal prosecution, and prevention of health care fraud and abuse.
Federal Bureau of Investigations: The FBI investigates a plethora of offenses, including white collar crimes. This link outlines some of the offenses that could be handled on a federal level and how the cases are handled.
If you have been charged with a white collar offense in Nevada, contact Las Vegas economic crime lawyer Jeffrey Jaeger. These offenses can carry harsh consequences, and avoiding a conviction is important in protecting your future. Call (702) 816-3888 today to schedule a free initial consultation and learn more about your options.
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