Fraud is a type of white collar crime. It involves the use of misrepresentation
for the purpose of attaining financial gain. Some of the common types
of fraudulent schemes include telemarketing fraud, racketeering, and tax
evasion. If you've been accused of any type of white collar crime,
you should promptly retain the services of a
defense attorney who can begin developing a sound white collar defense in the Maryland
and D.C. areas. At a criminal law firm, you'll find the resources
you need to defend your legal rights and improve your chances of acquittal.
Tax evasion, or tax fraud, often involves the failure to pay income taxes
or the failure to pay the full balance due. This might be accomplished
by falsely reporting information on an income tax return, such as by overstating
tax deductions or by understating taxable income. A conviction of tax
evasion can result in a long period of incarceration and significant fines.
Talk to a defense attorney about your legal options if you've been
accused of this type of fraud.
Under the Racketeer Influenced and Corrupt Organizations (RICO) Act, which
was passed in 1970, individuals or groups of people may be charged with
this type of fraud. The RICO Act was enacted in an effort to fight organized
crime. The charge of racketeering refers to any illegal activity that
is performed for the
financial gain of a criminal enterprise
. Some examples of these activities may include money laundering, loan
sharking, bribery, obstruction of justice, and extortion.
Due to the prevalence of telemarketing fraud, consumers should be wary
of making any purchases over the phone, even from companies that may appear
to be legitimate. Telemarketing fraud typically involves the attempt to
obtain an individual's credit card number or other personal information
under the ruse of an investment scheme, charity, or lottery. Sometimes,
individuals perpetrating telemarketing fraud use the names of legitimate
charities, businesses, or other organizations in an attempt to obtain