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

The statute of limitations is a time limit that applies to different laws and is used to decide if a person can be legally charged with a certain crime. In South Dakota, the statute of limitations for white collar crimes is four years, meaning that individuals can only be tried for white collar crimes within four years of the time the crime was committed. This means that if a crime was committed more than four years ago, the person cannot be charged with that crime after this time period. However, it is important to note that if the person has left the state after committing the crime, the clock may be stopped and the statute of limitations extended until the person returns to the state. In addition, if there is evidence of fraud or concealment of evidence that is uncovered after the statute of limitations has lapsed, the person may still face charges. Furthermore, any actions taken to cover up or conceal a crime, such as lying to the police or destroying evidence, can make the statute of limitations longer. Finally, the statute of limitations is different for different types of white collar crimes. For example, if a person is accused of counterfeiting, the statute of limitations is ten years instead of four. It is important to be aware of the applicable statute of limitations in order to properly defend against white collar crime charges.

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