White-collar crime convictions often lead to time behind bars

Céline Dostaler

The court weighs many factors when deciding the sentence in a white-collar crime, which includes securities fraud, embezzlement, tax evasion and money laundering. While the Criminal Code spells out maximums (two years less a day and a $5,000 fine for fraud below $5,000 and a maximum of 14 years in prison for fraud above $5,000), in almost every white-collar crime the Crown will be seeking a sentence that includes incarceration. That is because courts want to show they are taking financial crimes seriously and the prospect of incarceration can deter others from similar actions. To read more, click here.