A pharmacist in New York is one of the individuals included in a group of people recently arrested in a crackdown on fraud in the health care system. The pharmacist appeared in a Brooklyn federal court to answer to the charges formally announced to her. The criminal...
Fraud
Fraud
What can you do if you are accused of fraud in the Big Apple?
In a struggling economy, the prospect of financial ruin can lead some to make questionable financial decisions. White-collar crime, or more specifically bank fraud, can often begin with a seemingly harmless attempt to get the best angle on beating the system....
Woman sentenced for mortgage elimination scheme
A 54-year-old woman has been sentenced to serve 11 years in a federal corrections facility for operating a scheme that defrauded mortgage holders in New York and Connecticut out of almost $38 million. The woman was convicted on June 19 following a two-week trial. She...
Handling charges for securities fraud
When tales of financial fraud make the headlines, it seems like Americans just can't get enough of them. People in New York know all too well that Ponzi schemes, securities fraud and FINRA investigations can mean headlines for weeks. But the truth is that these...
Former Trump associate charged with financial fraud in Manhattan
Most criminal fraud defendants are anonymous to the general public unless and until they are indicted. One prominent exception to this rule is Lev Parnas, a New York investor who was identified as an associate of President Trump and who has been previously indicted...
Are all white-collar crimes federal crimes?
When white-collar criminal charges catch the spotlight, it’s usually because they’re being charged at the federal level. However, this doesn’t necessarily mean that only the federal government files white-collar criminal charges. Whether you face state or federal...
What is financial institution fraud?
Financial institution fraud is a federal crime. The FBI has resources allocated to investigate this type of crime. The FBI defines financial institution fraud as crimes that target credit unions, banks and other financial institutions the federal government insures....
Broker-dealers must conform practices to Regulation Best Interest
New York broker-dealers must comply with the Securities and Exchange Commission’s Regulation Best Interest. This regulation, which became effective June 30, 2020, obligates broker-dealers to put their customers’ best interests over their own financial or other...
The method and consequences behind high-tech money laundering
Illicit cryptocurrency transactions skyrocketed in 2019, according to Chainalysis.com, and New York cyber-investigators are likely watching for illegal activity. Furthermore, those who take advantage of cryptocurrency’s anonymous nature to launder unlawful gains may...
Understanding mortgage fraud
Buying a house is typically a very exciting time in someone's life. It can also be very stressful because there is a lot of documentation necessary to secure a mortgage loan. For people who realize that their income level may prevent them from receiving the loan, it...
