Popular society probably never got so much information about white collar crime until the case against Bernie Madoff made national news. Day in and day out, the public was inundated with news of the now notorious Madoff and his Ponzi scheme for which he was convicted in 2009.
The subject matter has remained on the minds of regulators and prosecutors within the legal system in New Jersey and beyond, in order to try to protect people from financial ruin like that which stemmed from Madoff's scam. And now, with an ABC miniseries having aired this week, white collar crime is back at the forefront within even popular culture.
The renowned actor Richard Dreyfuss took on the role of Madoff and portrayed at least Hollywood's version of what happened between the investment manager and those who sought his services. In a Forbes interview, Dreyfuss says that he couldn't find anything likable about Madoff, that he was an "inexcusable monster."
While that might be how Dreyfuss feels about Madoff, not all white collar crime cases revolve around such a supposedly dishonest person. Men and women can be accused of white collar crimes such as securities fraud, embezzlement, tax evasion and money laundering without even knowing why they are being charged with such offenses.
In white collar crime cases, it is best for someone who is accused of financial fraud to work with legal representation as soon as possible. An experienced criminal defense early on can best help mitigate the seriousness of the situation and prevent the stigma of white collar crime from overtaking what is truly going on in a defendant's life.