White Collar Crime Might Be Happening in Your Business
You’re probably aware of the fact that criminals do come in all shapes and sizes, and they even come from different class spectrum. People with suits on and are working behind desks could be very well engaged in various crimes. Although they may not be involved in violent crimes, but still, a crime is a crime. If this should happen in your business, then it will surely cause some serious effects that might tear you apart sooner or later. What this article will be talking about is the white collar crime which involves abuse of business as well as finance capabilities.
You could be in a defensive mode right now saying that your business is safe from this because you think that your employees are angels.
Well, it would be best if you can really be sure about that.
It is very important that you know more on the oft-overlooked aspect of the law. Getting yourself informed regarding these things is the best way for you to make sure that your business doesn’t get into trouble with the law.
The types of crimes involved
Think about the most common crime that small businesses are usually involved with. In case you don’t know yet, it’s actually tax evasion because of fraudulent bookkeeping. There are also some other forms of tax evasions that may result from legal loopholes making it, technically, legal. Criminal conversions are also made possible because of retention of assets, which makes embezzlement lawyers quite busy. There are also possibilities of payroll fraud involving an employee being listed incorrectly in the business and as a result, they won’t be paid with the right amount they are owed. Businesses tend to commit this crime especially if they’re just not that competent with their employee records.
What to do when investigated or accused
It doesn’t really matter if it’s a nonviolent crime, but white collar crimes are treated justly by looking at it the same as justice looks at other crimes. As a matter of fact, there are quite a lot of people serving life sentences just because they’re charged with these sorts of crimes. Although jail is not really that common, you should understand that hefty fines and many other business penalties will be guaranteed. Agencies investigating such crimes are surely not pushovers which is why you have to make sure that you cooperate fully and that you be able to gather every evidence you got just so they can clear you. You should also hire a good lawyer to represent you.
Have your employees monitored
If you’re the employer of a an insurance or any financial business, you have to make sure you’ve actually done background checks on your employees. One thing that you have to make sure is to hire a trustworthy accountant who can actually keep an eye for any suspicious data as well as any discrepancies.
Another Source: see this page