White collar crime has seen a massive surge in the last decade as the internet has made it easier for people to transmit data, commit fraud and complete financial transactions. As such, the police, investigators and federal prosecutors are keeping a close eye on acts that fall under the white collar crime umbrella.
Misrepresenting information or lying on a home loan document is generally considered to be mortgage fraud. In many cases, one party supplies fake information to obtain a mortgage while another party uses that information as a basis to make the loan. For instance, an applicant may inflate his or her salary on a W-2 or a real estate professional may claim that a home's appraised value is much higher than it actually is.
When people think about the crime of identity theft, they often think of fleeting incidents where someone takes personal information from someone else without permission in order to unlawfully access money. These are certainly serious offenses for which someone could face criminal charges, but in some cases, the intentions of a suspected identity thief are less menacing.
Too many people have a serious misconception about anyone accused of a crime like embezzlement. They often imagine a person taking millions of dollars out of greed and without caring about the consequences of such actions.
Every person should know that being convicted of a criminal offense can come with serious penalties, the most serious of which can be incarceration. People believe that if they can just avoid jail or prison, they have avoided the harshest part of a criminal sentence.