Hollywood dramatizations have sometimes referenced the ten thousand dollar reporting requirement that applies to banks. Such depictions often involve characters depositing illegally earned income. Yet a series of deposits just under that threshold may also draw IRS scrutiny.
In previous posts, we’ve examined a number of different white collar crimes, such as financial fraud. Today’s post focuses on another type of white collar crime: antitrust violations.
White collar crimes are a certain type of theft. Although they are generally financial and non-violent in nature, the penalties for a white collar crime can be surprisingly harsh. Depending on the amount of defrauded assets, a defendant may be facing more imprisonment than one accused of a weapons or aggravated crime.
The Internet has made a tremendous impact in many different fields. Communication, legal and marketing fields are able to conduct research through online methods. With e-commerce, even a small business can make a big impact, reaching customers far beyond its local boundaries.
Although the term white collar crime may conjure up images of Wall Street, there are many types of fraudulent activities that would implicate criminal penalties and, consequently, would fall under this umbrella definition. A recent example involves two Indiana executives facing charges of tax evasion.