15110 North Dallas Pkwy #400
Dallas, TX 75248
White Collar Investigations
Originally coined in 1939, white collar crimes initially included only non-violent, financial crimes committed by individuals of high social status or “high collars”. Today, white collar crime encompasses a wide variety of financially motivated crimes committed by persons of all social classes, including the following:
- Credit Card Fraud
- Insurance Fraud
- Mortgage Fraud
- Identity Theft
- Unemployment Insurance Fraud
- Real Estate Fraud
- Consumer Fraud
- Pyramid Fraud/Pyramid Schemes
- Securities Fraud
- Tax Fraud/Tax Evasion
- Money Laundering
- Bankruptcy Fraud
State and Federal agencies aggressively investigate and prosecute white collar crimes. Many jurisdictions, including Texas have special units dedicated exclusively to identifying possible white collar crime and corruption, addressing consumer complaints and allegations of criminal activity, and prosecuting alleged offenders.
Due to the highly specialized nature of these investigation and prosecution units, it is highly recommended to consult an experienced white collar attorney to defend you in a criminal proceeding.
Dallas White Collar Attorneys
With years of experience, the trial proven attorneys of The Law Offices of Richard C. McConathy are prepared to stand up against the white collar prosecutors in your case. Former felony prosecutor, Brian Bolton, and the team of attorneys at The Law Offices of Richard C. McConathy know what it takes to build a strong defense on your behalf. From the initial consultation, the attorneys will examine every aspect of your case and work diligently towards the best possible result.
The Law Offices of Richard C. McConathy proudly represents individuals throughout North Texas, including Dallas County, Collin County, Tarrant County, Denton County, and the surrounding areas.
If you are faced with any white collar crime, including healthcare fraud, securities fraud, motor vehicle fraud, or forgery, contact The Law Offices of Richard C. McConathy immediately at (972) 233-5700 to schedule a confidential review of your case.
Texas Financial Crimes Information Center
- Common White Collar Crimes
- Initiation of White Collar Investigation
- White Collar Investigation Resources
Common White Collar Crimes
Credit Card Fraud: Codified in Texas Penal Code Section 32.31, credit card fraud generally involves an individual uses a credit card or debit card to obtain a benefit without permission from the card holder, through deception or fraud, or outside the scope of limited permission.
There are numerous activities or scenarios which may lead to credit card fraud charges, including but not limited to the following:
- Using a credit card or debit card with an expired or invalid expiration date;
- Using a credit card or debit card without the cardholder’s permission; and/or
- Using a stolen credit card or debit card.
Generally, credit card fraud is charged under Texas state law. Credit card fraud is a state jail felony, punishable by 180 days to two years in a state prison and/or a fine of no more than $10,000.
If the offense is committed against an elderly person then the charge is enhanced to a third-degree felony. A third-degree felony is punishable by two to ten years in a state prison and/or a fine of no more than $10,000.
Forgery: Another common white collar offense is forgery. Under Texas Penal Code Section 32.21 an individual may be charged for altering, executing, completing, or authenticating any writing without permission or with the intent to defraud.
Like credit card fraud, there are several scenarios in which an individual may commit forgery. These scenarios include, but are not limited to the following:
- Cashing a forged or altered check;
- Changing the amount on a check or monetary instrument; and/or
- Signing or forging the name of another on a check
The criminal penalty for forgery depends on the facts of the case and the type of document involved. A forgery charge may be a Class A misdemeanor, state jail felony, or third-degree felony. If facing forgery charges, it is highly recommended that you consult an experienced forgery attorney to discuss the criminal penalties.
Money Laundering: Criminalized by federal statute, 18 U.S. Code § 1956, money laundering occurs when an individual conceals the source of illegally obtained money with the purpose of promoting continued unlawful activity, conceal the nature of the ownership of the money, avoid reporting the transaction, or avoid tax payments.
Money laundering can occur in various ways, including but not limited to:
- Structuring bank deposits under a certain amount to avoid reporting;
- Funneling of money received from an illegal source through a “shell” or inoperative legitimate business; and/or
- Depositing illegal funds into various banks and transferring the funds to avoid detection
The criminal penalties for money laundering include twenty years imprisonment and/or a fine of no more than $500,000 or twice the value of the property involved (whichever is greater).
White Collar Investigations
White collar crime investigations are complex and can last for months or years. The reason and manner state and federal agencies initiate white collar investigations vary. The following are examples of ways law enforcement and government agencies begin investigating alleged financial criminal activity:
The victim or witness contacts law enforcement: Just like any other crime, an alleged victim or witness can alert law enforcement or the appropriate authorities that criminal activity has occurred or is occurring.
Depending on the particular activity, the individual can alert the Texas Insurance Fraud Unit, which investigates insurance fraud and worker’s compensation fraud; Federal Bureau of Investigation (FBI) Internet, which investigates complex federal white collar crimes; or another appropriate agency.
Most of these agencies provide multiple ways to report white collar criminal activity, including a toll-free hotline, submission of online form, or in-person.
Someone within the company alerts the appropriate agency: Sometimes an individual within the company or an individual with a relationship with the person committing the crime may alert the appropriate agency that criminal activity has occurred or is occurring.
Generally, this occurs when an individual has professional or specialized knowledge of appropriate practices and notices fraud or other criminal activity is occurring. Usually, this person reports anonymously.
In connection with another criminal investigation: During the investigation of an unrelated criminal activity, law enforcement may suspect or discover the fraud, deceptive business practices, or other white collar crime.
The aforementioned list is not exhaustive. There are various ways, law enforcement and other agencies may become aware of white collar criminal activity, which leads to an investigation.
White Collar Resources
Texas Department of Insurance | Insurance Fraud Claim Center- The Texas Department of Insurance allows individuals to report suspected insurance fraud and worker’s compensation fraud by calling the toll-free number or submitting an online form.
Toll-free Insurance Fraud Hotline - 800-252-3439
Mail-Texas Department of Insurance
P.O. Box 149336
Mail Code 109-3A
Austin, TX 78714-9336
Federal Bureau of Investigation (FBI) Internet Crime Complaint Center- The Federal Bureau of Investigation allows individuals to report internet crime online.
The Law Offices of Richard C. McConathy | Dallas County White Collar Attorneys
White collar investigations can last months or years. It is important to have experienced white collar defense counsel involved during this entire process. The attorneys at The Law Offices of Richard C. McConathy have years of experience representing individuals facing serious white collar charges, including racketeering, embezzlement, mortgage fraud, and insurance fraud.
The Law Offices of Richard C. McConathy represents individuals throughout Texas, including Dallas, Fort Worth, Plano, Allen, Denton, and the surrounding areas. Contact The Law Offices of Richard C. McConathy at (972) 233-5700 to schedule a confidential consultation.