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

The statute of limitations is the amount of time a prosecutor has to bring charges against someone for a crime. In New Mexico, the statute of limitations for white collar crimes is four years. This means that if a white collar crime is committed in New Mexico, the prosecutor has four years from the date of the offense to file a criminal charge against the person who committed it. If the charge is not filed within four years, the case is considered to be "statute-barred" and cannot be pursued by the authorities. This is to ensure that the accused is not kept in legal limbo or that evidence of the crime does not become stale over time. It is important to note, however, that this statute of limitations does not apply to all white collar crimes. If a white collar crime involves an intangible asset, such as a fraud or embezzlement case, the court may extend the statute of limitations. This means that the prosecution may be able to file charges against the accused up to six years after the crime was committed. It is also important to note that even though the statute of limitations may have expired, the accused may still face civil penalties. This means the accused may have to pay fines or damages related to the crime even if criminal charges cannot be brought. In summary, the statute of limitations for white collar crimes in New Mexico is four years. However, there may be special circumstances in which the court can extend the statute of limitations up to six years from the date of the offense. Even if criminal charges cannot be brought, the accused may still face civil penalties related to their crime.

Related FAQs

What are the consequences for tax evasion?
How do asset protection strategies help defend against white collar crime allegations?
What is identity theft?
How do prosecutors prove the intent element of a white collar crime?
What is the difference between a plea bargain and a plea of nolo contendere?
How is securities fraud committed?
What is the difference between insider trading and market manipulation?
How is insider trading prosecuted?
How is corruption of public office committed?
What is the difference between an indictment and an information?

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

Related FAQs

Related Blog Posts