White-collar crime and financial fraud are on the increase in the United States. It includes a variety of non-violent crimes that necessitate illegal finances transactions. Examples of white-collar crimes include counterfeiting, blackmail, bank fraud, bribery, forgery, embezzlement, tax evasion, insider trading, and money laundering.
White-collar crimes have been known to be committed by people of high economic and social class, and these crimes are always linked to their active profession.
Who Can Help
Attorneys like Michael Diaz Jr. an attorney at Diaz, Reus & Targ, have been helping clients in Business Litigation and Criminal Defense of white-collar offenses. Michael Diaz Jr. Miami Lawyer is a Super legal rep, awarded this honor for 2007-2020. This is an award given to top-rated attorneys who are chosen through rigorous processes. Representing clients in the Miami area, Michael Diaz Jr. is a partner with the Diaz Reus law firm and is a multilingual attorney with 33 years of experience in giving counsel to clients and negotiating objects. Having been ranked in Legal500 USA 2019, Michael Diaz Jr. has been able to handle side by side investigations regarding high-stake issues that involve white-collar crime and financial fraud.
Michael Diaz Jr. Miami lawyer has exhibited exemplary skills by enhancing the recovery of millions of dollars for victims of fraud and financial institutions. Having personally been engaged in multiple litigation and arbitration cases, Michael Diaz Jr. has successfully managed to help out in OFAC and sanction matters, alleged public corruption and money laundering.
Michael Diaz Jr. Miami Lawyer is well recognized from his peers and has managed a listing by the Bar Register of Preeminent Attorneys. He is also listed by Top Litigator by Latinvex.
The FBI estimates that yearly costs for white-collar crimes to be more than $500 billion. Over the years, there have been more and more prosecution and sentencing of white-collar crimes.
However, it is essential to critically examine why individuals choose to put their future and careers at risk while engaging in white-collar crime.
Why People Engage in White Collar Crime
It is a fact that human beings have varying degrees of compliance towards set ethical behaviors. Research has shown that the environment an individual is in can cause them to react differently when presented with moral choices.
Because of the vagueness of some work environments, it is easy for an individual to exhibit either good or bad behavior. This is by the push of said behavior. This can, therefore, very easily lead to moral transgressions and, after that, criminal activity.
There is never a direct option of breaking the law, and these ambiguous work environments cause individuals to succumb to temptations.
Some of these ambiguous situations include:
Poor job motivation: To boost compensation that is founded on performance, finance professionals have been known to evade or get around specific laws. When the work environment introduces inappropriate employee compensation, this may result in employees engaging in white-collar crimes to make up for their effort.
Management Unconcern over good/work ethics: It is a well-known fact that many firms collect information on stock trading from insider networks. Such actions result in a breach of security laws by the management of these firms.
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