3 Myths About White Collar Crime in Florida

White collar crime is one of the most misunderstood areas of criminal law in Florida, and there are many myths surrounding it. At The Rickman Law Firm, our Tampa white collar defense attorneys proudly provide expert representation and defense for individuals facing white collar crime charges. 

We have the know-how and combined decades of successful experience in dealing with these intricate legal cases.

Myth #1: White Collar Crime Doesn’t Lead to Jail Time

One of the most persistent ideas is that white collar crimes result in a slap on the wrist and aren’t that serious. On the contrary, many of these charges carry heavy implications and  repercussions, including lengthy prison sentences and severe fines. White collar crimes are defined as nonviolent offenses committed for financial gain, such as identity theft, healthcare fraud, securities violations, and money laundering.

The severity of the penalties often depends on the scope of the action and the amount of financial damage involved. For example, when multiple offenses affect ten or more victims like the elderly or veterans, a government agency, or involve state funds, the charge can be elevated to aggravated white collar crime, which is considered a first-degree felony punishable by up to 30 years in prison. 

Myth #2: Only Corporate Executives Get Charged

White collar crime is not just limited to Wall Street professionals or high-ranking executives. Individuals of all kinds and professions, including small business owners, employees, and everyday citizens, can be charged if they are suspected of fraud.

In instances of insurance fraud, knowingly submitting a false insurance claim can lead to felony charges. In the United States, nobody is above the law. These laws apply equally to anybody, including medical providers and contractors. Regardless of your professional title, working with a Tampa white collar criminal defense attorney with The Rickman Law Firm is the best step to take in protecting yourself and your reputation. 

Myth #3: Paying the Money Back Means the Charges Go Away

Another dangerous myth is that repaying stolen or misappropriated funds will prevent any further prosecution and will keep you in the clear. While making restitution may influence an individual’s overall sentencing or plea negotiations, it does not eliminate criminal liability. Actually, Florida prosecutors can, and often do, move forward with charges even when the defendant attempts to “take back” their actions.

For instance, theft involving property valued between $20,000 and $100,000 is considered a second-degree felony, which can result in 15 years in prison. If an individual is convicted of this crime, they will continue to abide by the implications of a second-degree felony, regardless of whether that overall amount is repaid at any point in time.

Protecting Your Rights Starts With the Right Legal Team: Choose The Rickman Law Firm for the Best Representation

Being accused of a white collar crime in Florida can turn an individual’s life completely upside down. That’s why individuals need to work with a knowledgeable and aggressive defense attorney. At The Rickman Law Firm, our Tampa white collar criminal defense attorneys provide trusted legal representation for clients facing serious white collar charges throughout Florida and beyond.

Take the first step in protecting yourself. To schedule an initial case consultation with an expert Tampa white collar defense attorney with The Rickman Law Firm, call our office at (813) 370-1185 or fill out a consultation form today. 

Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.