White Collar Crimes Carry Big Sentences
Types of Fraud in Minnesota
Fraud is often considered a “white collar crime.” Minnesota law specifies a number of different types of fraud, including:
- Medical Assistance Fraud;
- Insurance Fraud;
- State Lottery Fraud;
- Lawful Gambling Fraud;
- Fraud in Obtaining Credit;
- Financial Transaction Card Fraud;
- Residential Mortgage Fraud; and
- Telecommunications and Information Services Fraud.
Additional types of fraud may include: mail fraud, tax fraud and/or bank fraud.
What Is A “White Collar” Crime?
“White collar” crimes are typically nonviolent crimes that involve financial deception. These crimes may be committed knowingly or unintentionally. Many first-time offenders are otherwise law-abiding Minesota citizens who have engaged in illegal activity out of ignorance of the law or out of desperation due to economic difficulty. Such economic difficulty may arise as a result of factors such as gambling, drug addiction or family financial difficulties.
Crimes considered “white collar crimes” include:
- Bribery;
- Counterfeiting;
- Embezzlement;
- Forgery;
- Identify Theft;
- Insurance Fraud;
- Internet Fraud;
- Mail Fraud;
- Money Laundering;
- Mortgage Fraud;
- Property Crimes;
- Securities Fraud;
- Theft; and
- Wire Fraud.
White collar crimes may be either state or federal crimes, and convictions can carry penalties of massive restitution payments, large fines, and jail or prison time.