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

The statute of limitations is the amount of time a person has to file a lawsuit or claim against someone else. In the case of white collar crimes, the statute of limitations varies by state. In South Carolina, the statute of limitations for most white collar crimes is generally five years from the date of discovery or concealment of the crime. In South Carolina, the exact statute of limitations for white collar crimes is outlined in the state’s Criminal Code. This code states that the applicable time period for most white collar crimes is five years, including fraud, embezzlement, and conspiracy. If, however, the alleged wrongdoer has left South Carolina or is in hiding, then the statute of limitations can be tolled or suspended. This means that the running of the statute is paused until the wrongdoer is found. If the statute of limitations has expired, then a person can still file a civil suit against the wrongdoer for damages. However, the person cannot file criminal charges against the wrongdoer. The statute of limitations applies to white collar crimes because it sets a limit on how long after the alleged criminal activity a person can file a lawsuit against the wrongdoer. It is important to know the statute of limitations in your state when it comes to white collar crimes so that you know the time limit for filing a lawsuit against the alleged wrongdoer.

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

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