White Collar Crimes In New York

White Collar Crimes In New York

White Collar Crimes In New York

White Collar Crimes are prevalent in New York. Prosecutors have created a solid foundation and built capacity among their ranks to prosecute solid cases on white collar crimes. It is absolutely a product of experience that they have developed through time. 

With it, when a person is facing criminal prosecution, the necessity for an experienced lawyer to handle the defense is more obvious than before. There are not a lot of lawyers in New York that can handle the pressures of a white collar crime trial but Attorney Farrukh Nuridinov definitely has the right combination of experience to handle big defenses on this kind of crime. 

What Are White Collar Crimes?

Coined in 1939, a white collar crime is a crime committed that involve fraudulent acts and fraudulent machinations.

In New York, there are different kinds of white collar crimes. They are classified as such because they have the following characteristics:

  • They are non-violent crimes. When physical damage or violence is involved, the act cannot be considered as a white collar crime.
  • They are financially motivated. Most white collar crimes involve a financial aspect that may range from a big ticket items to smaller ticket items.
  • They are consummated through a series of acts that would help the perpetrator reach one goal.

White Collar Crimes are not exclusively state crimes and are often federal crimes themselves. It is a complex set of crimes that require deep understanding of the elements and interplay of the law with jurisprudence so that there is proper defense. 

According to the Federal Bureau of Investigation (FBI), the development and birth of cyber technology has created a big impact on how white collar crimes are perpetrated. The list has become longer and more complicated but the capacity building efforts of the FBI assures that all of those guilty of such crimes would be prosecuted.

What Are The Crimes Under This Category?

The FBI has provided an extensive list of white collar crimes that they tackle. The following are some white collar crimes under Federal, as well as New York State, jurisdiction:

  • Falsification of financial information;
  • False accounting entries and/or misrepresentations of financial condition;
  • Fraudulent trades designed to inflate profits or hide losses;
  • Individual tax violations related to self-dealing.
  • Fraud in connection with an otherwise legitimately operated mutual hedge fund;
  • Late trading;
  • Certain market timing schemes;
  • Falsification of net asset values;
  • Grand Larceny;
  • Embezzlement;
  • Illicit transactions designed to evade regulatory oversight;
  • Self-dealing by corporate insiders;
  • Insider trading;
  • Kickbacks;
  • Misuse of corporate property for personal gain; and
  • Identity Theft;
  • Bribery;
  • Money Laundering;
  • Intellectual Property Fraud;
  • Credit Card Fraud;
  • Perjury;
  • Copyright Infringement;

The Most Common White Collar Crimes in New York

Let us discuss a few of the most common white collar crimes prosecuted in New York.

Grand Larceny

The first one is the crime of Grand Larceny. It is defined as unlawful stealing for a property that is valued at more than $1,000. As long as the value is more than $1,000, regardless of the increment, an act is already considered as grand larceny. 

The trick often done by some prosecutors is to balloon up the value of the property to increase the penalty as well we the damages involved. 

The penalty for Grand Larceny ranges from between 4 years up to 25 years in imprisonment. There are also different factors involved in prosecuting this crime. If the accused already has a prior felony conviction, probation is no longer available as an option.

How about the defense? Defending a Grand Larceny case is complicated as it is dependent on high technicality. If you are looking for the right kind of defense, Attorney Nuridinov is the right defense lawyer.

Tax Fraud

Tax Fraud is a hefty white collar crime. It is defined in New York and Federal law as when “taxpayers intentionally try to avoid taxes they owe”. It is considered as a form of cheating the government.

Tax evasion and fraud include the following acts: ● failing to file a return;

  • failing to report total income;
  • failing to remit monies collected;
  • selling untaxed liquor;
  • selling untaxed motor fuel; and
  • selling untaxed cigarettes.

When you are fighting against government revenues, you should expect a backlash. With tax evasion charges, a solid case is often built by the Federal government even before the individual finds out that he is being audited. 

In the State of New York, reporting possible cases of tax evasion has been made easier with the help of the NY state website. The tax department has ensured that reaching them is easy for informants and the details are kept confidential. 

With that, if you are facing a heavy tax evasion case, you need the right defensive skills of a good lawyer. Attorney Nuridinov is skilled in this aspect. You can never go wrong with hiring him on retainer as he understands the ins and outs of the tax system and he can properly assess your case upon initial consultation.

Tax is already complicated. Tax evasion cases are more complicated. 


Perjury is considered a white collar crime. In New York, it is defined as “​when the individual knowingly makes a false or misleading statement under oath or in a signed legal document.​”

Like most non-violent crimes, perjury requires a complex system. It is often accompanied by forethought and action that is not like any other and prosecuting perjury often comes with hard evidence. 

Defend Yourself From Prosecution

White Collar Crimes are not to be taken lightly. The Federal government has ordered a crackdown on fraudulent transactions of this nature. If you are facing prosecution and the prosecution arm of the government is already against you, you must have great defense attorney.

Contact Us Today

If you need help urgently, we are always here to help. You can go to our office at 1121 Avenue Z, Brooklyn, NY 11235 or call our telephone at: 929-365-2306

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