What is the difference between a plea bargain and a plea of nolo contendere?
A plea bargain and a plea of nolo contendere are two types of pleas a defendant can make when charged with a white collar crime in Tennessee. A plea bargain is an agreement made between the defendant and the prosecuting attorney in which the defendant agrees to plead guilty to the crime in exchange for a lesser sentence than would have been imposed if the case had gone to trial. The plea bargain also allows the defendant to avoid a potentially long and costly trial. A plea of nolo contendere, commonly referred to as a “no contest” plea, is a legal plea in which the defendant does not admit guilt, but still agrees to accept a punishment. In the case of a white collar crime in Tennessee, a plea of nolo contendere gives the defendant the option of avoiding a trial and accepting responsibility for the crime without actually admitting guilt. The primary difference between a plea bargain and a plea of nolo contendere lies in the level of responsibility that the defendant is taking for the crime. With a plea bargain, the defendant is admitting guilt and agreeing to accept the sentence in exchange for avoiding a trial, while with a plea of nolo contendere, the defendant is not necessarily admitting guilt, but is instead accepting a sentence without admitting responsibility for the crime.
Related FAQs
What is the difference between criminal conspiracy and white collar crime?What is securities fraud?
What is asset forfeiture?
What are the consequences of a white collar crime conviction?
How does the statute of limitations apply to white collar crimes?
What is the difference between civil and criminal forfeiture?
What are the penalties for securities fraud?
How is a subpoena used in a white collar crime investigation?
What is money laundering?
How is insider trading prosecuted?
Related Blog Posts
Understanding White Collar Crimes and the Law - July 31, 2023An Overview of Penalties and Punishments for White Collar Crimes - August 7, 2023
Identifying Common Types of White Collar Crimes - August 14, 2023
What to Expect During a White Collar Crime Investigation - August 21, 2023
Proving Intent in White Collar Crimes Cases - August 28, 2023