The punishment of a White Collar Crime depends on the severity of the crime committed and what type it is.
There are various types of crimes that qualify under the White Collar Crime.
This type of crime is, by definition, the crimes that are committed by people belonging to the upper socio-economic society which are non-violent where the person committing the crime has gained some benefits at the expense of another.
The two major factors in determining punishment for this type of crime are: oSeverity of the crime oType of crime Generally, a while collar crime can be under a federal or state judiciary system.
Both the federal and state judiciary systems have regulatory and governing bureau that are designed to address these crimes.
The bureaus involved see these crimes as a major dilemma and thus, usually see to it that people who committed these crimes will be punished with the highest possible sentence.
So, what are the common punishments? Punishments for this type of crime includes the following: oFines oImprisonment oProbationary period Furthermore, there are several factors that could have a direct impact on what type of punishment would be meted out.
Generally, white collar crimes involve individuals or a part of organization or corporation.
The punishments for these crimes are usually higher in organizations or corporations as compared to the sentence of those that are committed by individuals.
In addition, the penalties and punishments are more severe and grave when the person involved is connected with the government or is committing a crime against the government.
Another factor for the penalties and punishments is the extent and severity of damage inflicted on the victims or people who are at the receiving end of the crime.
Several types of white collar crimes carry their own significant sentences and punishments.
Below are the lists of white collar crimes that are usually committed.
oAnti-trust oSecurities fraud oBribery oTelemarketing fraud oCounterfeiting oWelfare fraud oMoney laundering oInsurance fraud oHealth care fraud oPublic corruption oWeights and measures oIdentity theft oForgery oBankruptcy oExtortion oEmbezzlement oCellular phone fraud oRacketeering oTax evasion and; oOthers The rulings of a white collar crime sentence are subject to a specified minimum punishment for a definite crime committed.
Some fines may involve payment of several millions of dollars in addition to facing at least 30 years in prison for a white collar crime.
In other cases, it involves a smaller amount as fine and shorter span of time for imprisonment.
Also, the value of loss at the event of this crime is taken into consideration as well.