Most white collar crimes have penalties that are more than one year in prison, which is a felony. Some of these crimes include potentially penalties of five years in prison for tax evasion, wire fraud, and securities fraud could be twenty years in prison.
What I think it’s important to understand is generally, the government does not charge just one or two counts; the government likes to stack the deck against individuals. So it’s not uncommon for an individual to be charged with four, five, six, seven counts, some of which can carry five years per count up to twenty years per count; that’s not where the story ends.
Once an individual is looking at multiple counts, which have many, many years of potential years of imprisonment, the government has something called the Federal Sensing Guidelines, which is a grid where all crimes are place into that can result ultimately in extreme penalties. The bottom line is if you charge with a white collar crime you are potentially exposed to many years of imprisonment. So it’s important to investigate and try to avoid what are potentially awful penalties.See all videos