White Collar Crimes Carry Big Sentences
July 18, 2010 By Law Office of Carolyn Agin Schmidt
Minneapolis criminal defense attorney Carolyn Agin Schmidt discusses how serious white-collar crime is and the big sentences these crimes can carry...
White-collar crimes may seem harmless to some, as no one is physically hurt by deeds such as forgery or fraud. But these are crimes Minnesota and federal authorities take very seriously, and convictions can bring long sentences. A few recent Minnesota cases illustrate this point:
• A 39-year-old Otsego woman who worked for a mortgage-title company recently pleaded guilty to mortgage fraud, after helping two men defraud real-estate lenders of more than $7 million. The pair bought more than 180 properties. They then borrowed money based on the properties' values, and defaulted on their mortgage payments, taking the cash and walking away from the mortgages. The woman faced a possible sentence of 20 years in prison.
• Three Austin, Minn. brothers face deportation and forgery charges after it was discovered they had obtained false IDs through which they were working at two meat-processing companies. So not only were they looking at jail time, but also potentially the loss of their chance to live and work in the United States.
• In one of the biggest recent cybercrime cases, a portable hard drive was stolen in March from Minnesota Company Educational Credit Management Corp. The device contained personal information for more than three million people. The perpetrators have not yet been found, but they will likely face very serious charges if caught, as our state has been cracking down on this kind of mass identity theft. In 2007, state law was changed to stiffen sentences, and a single identity theft that led to more than $35,000 of loss could now carry a 20-year sentence and $100,000 fine.
If you are charged with a white-collar crime, know that it is a very serious situation that could mean substantial prison time. Guidance from an experienced criminal attorney will be important as you prepare to defend yourself against these types of charges.
Law Office of Carolyn Agin Schmidt
5500 Wayzata Blvd.
The Colonnade, Suite 1025
Minneapolis, MN 55416
Phone: (763) 591-0552
ABOUT THE AUTHOR: Minneapolis Criminal Defense Lawyer Carolyn Agin Schmidt
Consistently designated a Super Lawyer by MN Journal Law and Politics Magazine and by Twin Cities Business Monthly Magazine, Carolyn Agin Schmidt is a proven Minnesota criminal defense litigator. Her successes include numerous pre-trial dismissals, trial acquittals, remarkable settlements, and victories at the appellate level.
Copyright Law Office of Carolyn Agin Schmidt
More information about Law Office of Carolyn Agin Schmidt
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
• A 39-year-old Otsego woman who worked for a mortgage-title company recently pleaded guilty to mortgage fraud, after helping two men defraud real-estate lenders of more than $7 million. The pair bought more than 180 properties. They then borrowed money based on the properties' values, and defaulted on their mortgage payments, taking the cash and walking away from the mortgages. The woman faced a possible sentence of 20 years in prison.
• Three Austin, Minn. brothers face deportation and forgery charges after it was discovered they had obtained false IDs through which they were working at two meat-processing companies. So not only were they looking at jail time, but also potentially the loss of their chance to live and work in the United States.
• In one of the biggest recent cybercrime cases, a portable hard drive was stolen in March from Minnesota Company Educational Credit Management Corp. The device contained personal information for more than three million people. The perpetrators have not yet been found, but they will likely face very serious charges if caught, as our state has been cracking down on this kind of mass identity theft. In 2007, state law was changed to stiffen sentences, and a single identity theft that led to more than $35,000 of loss could now carry a 20-year sentence and $100,000 fine.
If you are charged with a white-collar crime, know that it is a very serious situation that could mean substantial prison time. Guidance from an experienced criminal attorney will be important as you prepare to defend yourself against these types of charges.
Law Office of Carolyn Agin Schmidt
5500 Wayzata Blvd.
The Colonnade, Suite 1025
Minneapolis, MN 55416
Phone: (763) 591-0552
ABOUT THE AUTHOR: Minneapolis Criminal Defense Lawyer Carolyn Agin Schmidt
Consistently designated a Super Lawyer by MN Journal Law and Politics Magazine and by Twin Cities Business Monthly Magazine, Carolyn Agin Schmidt is a proven Minnesota criminal defense litigator. Her successes include numerous pre-trial dismissals, trial acquittals, remarkable settlements, and victories at the appellate level.
Copyright Law Office of Carolyn Agin Schmidt
More information about Law Office of Carolyn Agin Schmidt
View all articles published by Law Office of Carolyn Agin Schmidt
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
