There are many defenses to white collar crimes. Many times, these types of allegations are alleged and there is a reasonable solution that both sides can live with. Also, it is important to remember that just like in state court, the U.S. Attorney must prove the allegations beyond a reasonable doubt in order to obtain a conviction in federal court.
Fraud is a very common allegation in white collar crime cases. One example is false statements to obtain property or credit. In layman’s terms, that means lying on a credit application.
There are a number of ways for making a false statement to obtain property or credit on a mortgage application: 1. Stating that the premises will be used as the homestead/primary residence; 2. Mis-stating income; 3. etc.
However, there are not only criminal but civil consequences to white collar crime allegations.