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Industries known for corruption

On Behalf of | Jun 24, 2022 | Blog, White Collar Crimes |

Corruption lurks in several industries, but some professions may have greater instances than others. Many Michigan professionals in particular careers might find themselves exposed to fraud, bribery, and other illegal activities. The desire to make money illicitly could lead people to make decisions they could otherwise regret. Criminal prosecution may drive much of that regret.

Corruption in specific industries

The construction industry might not be the first sector that comes to mind when discussing the topic, but construction work may involve significant corruption. A construction company could take many shortcuts to defraud a client, or a contractor may become involved with bribery to gain lucrative jobs. White-collar crime comes in many forms, as seen in different examples of construction corruption.

Most people might point to finance and investing when discussing corrupt practices. Listing the many examples of financial fraud would be space prohibitive, as such fraud comes in numerous forms. Ponzi schemes and embezzlement are two top examples, evidenced by many high-profile cases.

Other industries known for corruption include oil and mining sectors and transportation. As with construction jobs, bribery could play a role in many cases of corruption in these industries. Perhaps someone wants to circumvent inspections and offers illicit funds. Corruption may take other forms in these industries. For example, transportation jobs may involve transporting illegal goods.

White-collar crime charges

Persons who have been issued charges related to white-collar crimes may be facing harsh penalties. Significant prison time and heavy fines might sanction those found guilty. Of course, the accused has a right to a defense and all constitutional protections.

The criminal defense approach may look closely at the evidence and could argue it is insufficient. Other cases might involve plea bargaining, depending on the situation.