Navigating Corporate Crimes: Understanding and Responding to Criminal Charges Against Your Business
Success and challenges often go hand in hand in the business world. While many challenges can be addressed through strategic planning and risk management, some situations may escalate. In the worst scenarios, these situations surmount to criminal charges against a business. Corporate crimes are a serious matter that can affect the business, its stakeholders and everyone in between. Whether you own a business or are a part of one, understanding corporate crimes and how to respond and prevent them can prove indispensable if charges are filed. Defining Corporate Crimes Corporate crimes, more popularly known as white collar crimes, refer to unlawful activities committed by a corporation or its employees for financial gain. “The term “white collar crime” when initially defined (1939) meant crimes that were being committed by otherwise law-abiding citizens of high stature,” notes white collar crime attorney George H. Ramos , “now white collar crime i...