In Maryland, white collar crimes aren’t victimless crimes. However, they are defined as non-violent crimes in which the victim didn’t suffer physical harm. They are outlined as infractions in which the guilty party used, transferred, or otherwise distributed funds without authorization. They are crimes in which the guilty party acts on behalf of themselves to achieve financial gain by taking advantage of the victim. A White Collar Crimes Lawyer in Timonium MD, could assist individuals who are accused of these infractions.
What is Embezzlement?
Embezzlement is theft conducted by an individual who was in a position of trust with the rightful owner. It is defined as the unauthorized redistribution of funds or assets to oneself or a third party. These actions are based on acquiring financial gains that weren’t authorized by the owner. Any appropriation of funds of a fraudulent nature is covered under this infraction.
Identifying Cases of Fraud
Fraud is the acquisition of funds via the submission of false testimony or documentation. It is defined as a scheme or ploy to gain money from organizations, individuals, or organizations based on unfounded grounds. Some examples of these infractions include, but are not limited to, forging checks, accessing devices without permission for financial gain, and submitting false information to acquire funds, such as mortgage fraud.
What is Identity Theft?
Identify theft is the impersonation of another individual. In theses cases, violators use the owner’s personal identity to set up credit cards, bank accounts, and make purchases. They may also forge the victim’s signature on documentation for financial gain or to elude law enforcement. The most common outlet for identify theft is via fraudulent services that are Internet-based in which personal information is gained. In some cases, the perpetrator uses the victim’s identity to access medical treatment or prescribed controlled substances.
Maryland laws enforce strict punishments for white collar crimes. Although they aren’t classified as violent crimes, these infractions have cost consumers, organizations, and the government millions of dollar each year. The criminal penalty imposed is based on the total value of the stolen funds. Anyone facing these charges should contact a White Collar Crimes Lawyer in Timonium MD or Click here for more information.
