Experienced Criminal Defense Attorneys

3 financial risks of pleading guilty to white-collar crimes

On Behalf of | Mar 29, 2024 | CRIMINAL DEFENSE - White Collar Crimes

Professionals in Texas might find themselves facing criminal charges in a variety of circumstances. White-collar crimes typically involve accusations that someone lied to or tricked others in order to make money.

Fraud and embezzlement offenses are among the more common white-collar charges prosecuted in Texas, and they come with a host of potential consequences. A person accused of a white-collar criminal offense could face jail time. A conviction could also lead to several financial consequences.

Court costs and fines

A Texas criminal judge can impose fines as part of someone’s criminal sentence. They can also order an individual to pay court costs generated during their trials. Someone may end up responsible for thousands of dollars in fines and court fees.

Orders of restitution

White-collar crimes often have a direct economic impact on others. Therefore, judges can potentially order someone convicted of a white-collar offense to reimburse the individuals or businesses harmed by their misconduct. Orders of restitution are in addition to fines in court costs and can significantly increase the financial impact of a conviction.

Licensing issues

Financial professionals and others in competitive careers may require a state license to do their jobs. Obtaining a license usually requires a background check, and someone convicted of a financial crime may be ineligible for professional licensing.

It is often far more cost-effective to fight white-collar criminal charges than to plead guilty. Those aware of the economic consequences of white-collar crimes may more easily recognize the value of mounting a criminal defense. Learning more about specific charges and potential penalties at issue with the assistance of a skilled lawyer might benefit those accused of a white-collar offense in Texas.