How does the statute of limitations apply to white collar crimes?

The statute of limitations is a law setting a timeline for which criminal charges can be leveled against an individual for a specific type of crime. In South Carolina, the statute of limitations for most white collar crimes is three years. This means that if an offense has been committed within the past three years, the accused individual can face criminal prosecution. When it comes to white collar crimes like fraud, embezzlement, bribery, and money laundering, the clock may start ticking differently than when crimes like armed robbery, rape, and arson take place. The start of the statute of limitations depends on when the "discovery of the crime" was made or the date when the fraud or misconduct was discovered. A white collar crime may go unnoticed for some time so the statute of limitations for the offense might begin when the crime was revealed rather than when it was committed. The statute of limitations also does not apply to certain white collar criminal offenses. For example, federal income tax violations have no statute of limitations, meaning the Internal Revenue Service can pursue offenders from the date of the offense regardless of how much time has passed. Overall, it is important to understand how the statute of limitations applies to white collar crimes in South Carolina. If an individual is suspected of committing a white collar crime, he or she may still be held criminally liable even years after the fact, depending on when the offense was discovered. It is best to contact an experienced lawyer to understand the specifics and options available for defense against white collar criminal charges.

Related FAQs

What is bank secrecy law?
What are the consequences for computer fraud?
How is a search and seizure used in a white collar crime case?
How is corruption of public office committed?
How does the statute of limitations apply to white collar crimes?
What are the penalties for securities fraud?
What are white collar crimes of moral turpitude?
How can an accused person defend himself or herself against charges of white collar crime?
What are the consequences for failing to report income on taxes?
How does cybercrime cross state lines?

How does the statute of limitations apply to white collar crimes?

Related FAQs

Related Blog Posts