While white-collar crimes are thought of as happening infrequently, the truth is that they occur more often than most people realize. In fact, these crimes are so common that the Federal Bureau of Investigation (FBI) has established several divisions within its ranks in order to deal with them. These divisions fall under the Financial Crimes Section and include:
In all, financial crimes costs the U.S. economy more than $400 billion annually. It is estimated that the average business loses $9 per day for each employee. The average organization also loses an estimated six percent of its annual earnings to fraud from employees.
When it comes to the actual perpetrators, there are some surprising statistics that have been gathered over the years:
Prosecution for so-called white-collar offenses have actually decreased in recent years, while the number of people being charged with fraud crimes, embezzlement crimes and larceny has actually increased. Being investigated for any of these offenses is a serious matter, and those who are the target of such an investigation would do well to involve legal counsel as soon as they are aware that charges are imminent.
Have a talk with Rand Mintzer at 713-862-8880 to hear more about business crimes.