It would be an understatement to say the federal government aggressively prosecutes financial crimes. In fiscal 2011, the Federal Bureau of Investigation convicted 241 corporate criminals. In a single year, white collar crime charges and convictions led to more than $16 million in fines and $2.4 billion in restitution.
Money is the common denominator in white collar crimes. Charges vary based on how the crime is committed and the victims of the crime. Baton Rouge residents may think of white collar criminals as suit-and-tie types. Someone who lies to the Internal Revenue Service about income or an insurer about a loss can be as guilty of a white collar offense as the investment firm that engineers a Ponzi scheme.