White Collar Crime in Delaware: What You Need to Know Before Facing Fraud or Embezzlement Charges
Have you been accused of a white-collar crime such as fraud or embezzlement? If so, the charges can turn your life upside down. Unlike violent offenses, white-collar criminal cases are generally built on financial records, workplace documents, and electronic evidence. However, the consequences can be just as severe, and when it comes to securing new employment, a conviction can really cause problems for you. You can face the loss of your job, the suspension of your professional license, and even prison time. For Delaware residents who find themselves under investigation, knowing what to expect and how to respond can make a major difference.
What is white-collar crime?
White-collar crime is considered a broad category of criminal activity that covers non-violent offenses committed for financial gain. Common white-collar charges in Delaware include:
- Embezzlement – Diverting funds or property that has been entrusted to you by your employer for personal use.
- Fraud – Using deception to gain an unfair advantage in a commercial deal. Fraud can include wire fraud, mail fraud, or securities fraud.
- Identity theft – Unlawfully using another person’s personal information to open accounts, make purchases, or secure loans.
- Forgery – Falsifying checks, contracts, or financial instruments.
Such crimes often involve complex paper trails and digital evidence. Prosecutors can rely on accountants, auditors, or forensic specialists to build their case.
How do investigations begin?
Cases can start with an internal company audit or a suspicious transaction that’s been flagged by a bank. Sometimes a co-worker, manager, or customer files a complaint. Once law enforcement becomes involved, investigators can subpoena financial records, interview witnesses, and analyze electronic data.
One of the most important things to remember is that you do not have to be formally charged with a crime to be at risk. If you learn that you are the subject of an investigation, it is absolutely critical to seek legal advice immediately. Anything you say to your employer or an investigator can be used against you down the line.
Penalties for white-collar crime in Delaware
The penalties for white-collar crimes can vary widely depending on the amount of money involved, the sophistication of the scheme, and the number of victims involved. In Delaware, you can face:
- Misdemeanor charges – Can apply to smaller sums of money, carrying fines and up to a year in jail.
- Felony charges – Can apply for larger losses and result in years of incarceration, restitution orders, and long-term probation.
In addition to facing criminal penalties, an employee convicted of a white-collar offense could also face a civil lawsuit from employers who are seeking repayment, along with lasting damage to their professional reputation.
Talk to a Wilmington, DE, White Collar Crime Attorney Today
Michael W. Modica represents the interests of those who are facing white-collar crime charges in Wilmington, Delaware. Call our Wilmington criminal defense lawyers today to schedule an appointment, and we can begin discussing your next steps right away.
