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What is White Collar Crime?

According to the FBI (Federal Bureau of Investigation),”in a nutshell,” white collar crime is “lying, cheating and stealing” and extends to a “full range of frauds committed by business and government professionals.” While white collar crimes are often sophisticated and do not involve violence, criminal charges can send convicted defendants away to prison for years. If you are being investigated or charged with a white collar crime, a Northeast Florida white collar crimes defense attorney can devise strategies to protect your rights.

A recent example of a Florida white collar crime is a case that the FBI nicknamed “House King.” The defendant made millions in the Florida real estate market, had published a real estate magazine entitled House King, and was revered as a real estate guru. FBI investigation of the House King defendant Angelo Puentes began in 2008. Although Puentes left the country after the housing market crash, when he returned in 2011, the government indicted him on multiple counts of wire fraud, bank fraud and lending institution fraud. He defrauded lending institutions out of an estimated $10.5 million, according to the FBI news release. The fraud involved falsification of mortgage loan paperwork. The court sentenced Puentes to more than eight years in prison. Although no violence occurred, banks lost millions of dollars and the fraud contributed to inflating the housing market. Today, many homes are underwater as a result of earlier inflated housing prices.

White collar crime investigations sometimes go on for years, and defending clients typically requires sophisticated knowledge of technology or financial processes. Jacksonville white collar crime lawyers with years of experience in the criminal justice system know how to provide an effective defense.

Robert Shafer & Associates brings more than 80 years of combined experience to every case we handle and works diligently to build a strong defense.

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