White-Collar Crime Defense Lawyer in Pune

White-Collar Crime:

White-collar crime is nonviolent offences committed by individuals or organizations during business activity. Sociologist Edwin Sutherland coined this term in 1939: it “describes any form of illegality committed by people with high social standing who engage in business activities”.

White-collar crimes, typically perpetrated for financial gain, involve various activities. This may include:

1. Fraud:Fraud is an all-encompassing term encompassing various criminal acts, such as identity theft, credit card fraud and investment scams. Fraudsters usually commit their acts by deceiving someone to gain something of value; for example, an identity thief might use stolen personal information from victims to open credit cards or bank accounts in their names without consent or fraudulently claim any property from them.
2. Embezzlement:Embezzlement refers to any action by which someone in authority steals money or property that was trusted to them; for example, an employee stealing from their employer is engaging in embezzlement. It may take many forms, including falsifying records, writing unauthorized checks or simply pocketing them without authorization.
3. Insider Trading:Insider trading refers to purchasing or selling securities based on non-public information that cannot be disclosed publicly, giving an unfair advantage to an insider compared to other investors. For instance, an employee of a company who knows it’s about to announce good earnings might buy the stock before this news becomes public and make money when its price goes up as soon as it hits.
4. Money Laundering:Money laundering refers to hiding the source of illegally obtained funds to finance terrorist acts or other criminal activity. Money laundering can take various forms; for instance, moving funds through multiple bank accounts, investing in hard-to-trace assets or using shell companies are just some ways it is practised.
5. Bribery: It refers to any act in which something of value is offered, given, or received to influence a public official’s decisions and thus undermine government institutions. A company might bribe a government official to approve a permit to construct their factory.
6. Cybercrime: It is a crime committed via computers or the internet, such as hacking, identity theft, and financial fraud. Cybercrime has become a growing threat as more people use computers and the internet for various reasons.
7. Intellectual Property Theft:Intellectual property theft occurs when someone illegally uses another’s intellectual property, such as patents, copyrights or trademarks, without permission. This crime can seriously compromise businesses and deprive them of profits they should rightfully receive; for instance, stealing competitor trade secrets could allow a company to develop new products.
8. Tax Evasion:Tax evasion refers to any deliberate act that results in not paying taxes owed to the government, which costs billions each year in lost revenue. Among its many forms, this crime can include underreporting income, overstating deductions, or failing to file tax returns on time.

White-collar crimes can have a profoundly damaging impact on individuals, businesses, and society as a whole. White-collar crimes may cost businesses billions of dollars in losses while leading to individual financial hardship and erosion of public trust in institutions resulting in economic instability.

The FBI is the primary federal agency charged with investigating white-collar crime. Their mission is to work closely with other law enforcement, regulatory bodies, and industry organizations to combat white-collar crime.

White-collar crimes, or nonviolent offences, typically committed in professional or business environments for financial gain, can involve deceit, fraud or violation of trust that result in significant economic losses to both victims and the economy. Trident Legal understands the complexity and seriousness of white-collar cases and can assist with all their legal requirements.

If you are facing charges of white-collar crime, hiring a defence attorney with experience in this area of law is of the utmost importance. At Trident Legal, Advocate Nikhil Rathod and his team possess in-depth knowledge in embezzlement defence and securities fraud cases – they have successfully represented clients from investigations through trials and appeals proceedings.