There are a number of myths about white collar crimes that have to be straightened out. These myths hurt people in many ways predominantly because they create unrealistic expectations.
To understand how your case will be handled if you are charged with a white collar crime, you need to understand the reality of the court system. Here are three myths that we can debunk.
1. White collar crimes don't lead to time behind bars
The biggest myth about white collar crimes is that they don't lead to time behind bars. That could not be further from the truth. In reality, 70 percent of all offenders sentenced for fraud spent time in prison, according to the U.S. Sentencing Commission's 2013 report. The average is around five to 17 years in prison, depending on the crime.
2. Financial crimes are the same as theft
While it may be theft in a sense, white collar crimes don't require the person to come in contact with victims. The psychology is different, so the penalties are different.
3. Prosecutors are scared of defendants who are powerful
This might have been the case with the Mafia or powerful families in the past, but that is simply not how the court works today. Today, prosecutors make sure to have a strong case before going after a defendant of any standing.
If you are facing a white collar crime, don't let the myths make you think you don't need to defend yourself. A good defense is vital to any criminal case, whether it's violent or on paper. Your attorney can give you the assistance you need to protect yourself.