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New York Criminal Defense Law Blog

Insider trading charges must be taken seriously

As we recently discussed, you need to take precautions to make sure that you don't do anything that could be considered insider trading. In some cases, this is unavoidable simply because you don't think that a specific circumstance will lead to this accusation.

If you do find yourself facing these very serious charges, we can help you learn about what you might be able to do about the charges. You might be so shocked by the charges that you don't even know where to begin. This is completely understandable, but don't let that stop you from getting to work.

Your stolen personal information may still be on file

There is a new victim of identity fraud every two seconds, according to data compiled by Javelin Strategy & Research. The findings from their 2015 Identity Fraud Study indicate that $16 billion was stolen from U.S. consumers in 2014.

The numbers continue to grow, as fraud rings continue to operate successfully. Canny crooks have stolen volumes of personal information, including social security numbers, that they have not even used yet. 

Insider trading can be a very big problem that is often avoidable

Insider trading is criminal action that the Securities and Exchange Commission sometimes takes a harsh stance against. This is something that can easily be prevented, but it can also occur in some cases when you don't even realize what is going on.

One thing that you have to remember is that you need to keep all information that could be construed as insider trading information private. Don't share anything that could lead to someone doing something that can get you into trouble. You may think that you can trust someone; however, you should question whether they are worth having to face criminal charges for or not.

Your career can suffer with white collar criminal charges

White collar crimes can land you in prison, but that isn't the only thing that can happen with these. One of the effects of a white collar crime charges is that your employment might be impacted. In fact, this negative effect can go far beyond just your current employer. Your entire career might be affected.

We know that you have probably worked hard to get to where you are in your career. You don't want something like a white collar criminal charge to negate all of your hard work. While we can't promise that there won't be any repercussions over the charges, we can work with you to come up with a defense strategy to answer the charges.

Understand what you need to do when you owe back taxes

If you know that you owe the Internal Revenue Service money for back taxes, don't think that you can just push them off. The IRS is often ruthless when it comes to collecting money.

If the money that you owe is because you weren't truthful on tax returns or due to similar issues, you need to take care of your obligation to pay them. In some cases, this can make the difference between facing criminal charges or simply paying what you owe along with associated penalties.

Tax crimes aren't due to accidental problems

There is a saying that there are only two sure things in life -- death and taxes. Well, some people end up trying to skirt by without having to pay taxes. This is a decision that usually doesn't end well. If you don't pay taxes or don't pay enough in taxes, there is a chance that you could face criminal charges.

When you don't pay your taxes, you likely aren't going to face criminal charges right from the start. Instead, the Internal Revenue Service (IRS) will give you a chance to make things right. It is usually much better for the government if you are willing to do this because of the time and resources that prosecuting these cases can take.

Are you familiar with the fraud triangle?

If you are a business owner, accounting fraud may not be something you think about every day. The company is doing well and you feel you have trustworthy employees, so there is nothing to worry about. However, even companies with just a handful of employees can fall prey to an unscrupulous thief whom you would never suspect of wrongdoing.

Whether you own a small business or are the CEO of a large corporation, you should be familiar with the components of the “fraud triangle” and keep these elements in the back of your mind.

Know where to place your focus in a white collar crime defense

White collar crimes can threaten your career. Many careers involve having to be trustworthy and filled with integrity. For this reason, people who are facing white collar crime charges need to work hard on their defense to try to protect their career.

There are some instances in which white collar crimes have complex elements that you must scrutinize when you are planning your defense. Each one of these elements might be a point that you can call into question when you are planning your defense.

Painkiller theft and other pharmacist crimes

Most pharmacists are upstanding people, devoted to their work. Customers feel at home with them and rely on their advice concerning all sorts of medical issues from bug bites to flu symptoms. However, some have been cited for questionable practices, especially those involving the dispensing of painkillers.

The truth is that while most pharmacists are focused on the services they provide to the public, those who are less than honest are also well positioned to perpetrate illegal schemes built around the issuance of prescription drugs.

Know about your right to have an attorney present

The right to have legal counsel present during questioning is one that is provided by the United States Constitution. You have to be sure that you invoke this right as early in your encounter as possible. This can help you to have as much protection as possible.

One thing that you should always remember is that law enforcement officers do have a duty to inform you that you have the right to an attorney. They don't have to ask you if you want an attorney or try to coddle you in this regard. Instead, they just have to let you know about your right.

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