Miami, Florida, Jan. 28, 2020 (GLOBE NEWSWIRE) -- White Collar Crimes are on the rise in the U.S., and according to statistics, there has been no household or business in the U.S. that does not face the threat of financial fraud. In recent years the estimations show that over 35% of all companies and over 20% to 28% of all households have fallen victim to white-collar crime. The impact of these financial crimes not only hit the public but also bring a massive loss to the economy. According to the reports released by the Federal Bureau of Investigation (FBI), these crimes cost the country a staggering amount of over $300 billion every year.
What is White Collar Crime and Financial Fraud?
Unlike regular crimes such as robbery or theft where the perpetrators are criminals and robbers, white-collar crime is an illegal activity where the criminals are not concealing themselves. These are people who may hold prominent occupational statuses such as executives, managers, entrepreneurs, professionals, or semi-professionals. Since these people have access to financial information, support of their company names, and ability to reach out to ordinary people, they use their status and education as leverage to fool people or to involve themselves in fraudulent activities at a corporate level.
White-collar crimes and financial frauds have no particular facet, and it can be a sales agent selling you a fraud policy or stock swindlers, causing companies significant losses. Although the people who indulge in these crimes are con men, they hold accredited education and authorization to deal with companies or the public. Thus it becomes challenging to spot these frauds. These are not new crimes as white-collar frauds are on-going for decades now.
Victims of White-collar Crime and Fraud
Unfortunately, most households fell victim to these crimes. Where the companies have the means and understanding to recover or prevent such frauds, ordinary houses lack this power and reach to defend themselves. In the U.S., the most common types of scams that people fell for include mortgage frauds, insurance scams, bank hoaxes, and other financial institutions frauds. The corporate sector has to deal with frauds that include money laundering, corporate fraud, commodities fraud, and fraud in contracts.
Michael Diaz Jr. Miami Lawyer - Legal Support Against Fraud
Michael Diaz Jr. stands out as one of the prominent lawyers in Miami who specializes in helping individuals and companies who are facing litigation issues over white-collar crimes. Michael Diaz Jr. is a multilingual litigator, prosecution lawyer, and arbitral advocate with over three decades of expertise counseling clients, trying lawsuits and mediating decisions to the complicated public, arbitral, and criminal arguments.
Michael Diaz Jr. Miami Lawyer has set his reputation as one of the top lawyers in Miami. His profile includes many cases that include sophisticated corporate frauds as well as individual scam victims. He has won numerous cases and is one of the few lawyers who have noticeably made millions in recovery for companies and individuals who were the victims of white-collar crime.
Michael Diaz Jr. heads the law offices of Diaz Reus which has led many clients to triumph over financial fraud lawsuits. His knowledge in the domain is comprehensive, and as a white-collar crime lawyer, he provides all litigation support, including advising companies facing criminal probes by government enforcement agencies such as the Fraud Office, the Financial Conduct Authority, or the FBI. He also defends senior executives of companies who face wrongful personal criminal liability for their alleged role in white-collar offenses.
Michael Diaz Jr. Miami Lawyer also consults and advises companies and corporate houses on their anti-corruption and compliance procedures.
For more detail, visit www.diazreus.com.