Financial fraud is taken very seriously by regulatory authorities, including the Financial Industry Regulatory Authority (FIRNA). FIRNA has the ability to compel you to provide testimony or produce documents related to a financial fraud investigation. What is an 8210...
Protecting Your Rights And Your Future
Fraud
What you need to know about Rule 8210 letters
It can be alarming to receive a Rule 8210 letter. The Financial Industry Regulatory Authority (FINRA) has the ability to impose stiff penalties upon brokers and firms found to be in violation of regulations. And while you shouldn’t ignore the letter, receiving one...
Getting around Stark Law and Anti-Kickback penalties
The consequences of violating the Anti-Kickback Statute and Stark Law in New York aren't limited to the steep fees and fines. Doctors and health care groups who find themselves in violation of these regulations are often left with a tarnished reputation, exclusion...
How Banks Conduct Transaction Fraud Investigations
The process of a fraud investigation is an internal matter at a bank that can also involve merchants, payment processors, customers, and other parties. These investigations tend to be specific to different banks as well as the relationships between each bank and the...
Mortgage fraud is very easy to commit
White-collar crimes are on the rise in New York and the rest of the nation. The reasons for this are sometimes hard to understand. One of the biggest culprits is the fact that many people can commit these crimes without even being aware of it. However, the penalties...
Anyone can be accused of insurance fraud
Insurance fraud is the sort of white-collar crime that just about anybody in the New York City area could be accused of. Many New Yorkers might think of white collar crimes as involving corrupt businesspeople or professionals, as well as those who might be operating...
Issues with bankruptcy fraud
Federal bankruptcy courts provide a way for debtors to seek relief from a seemingly impossible financial situation. Filers in a New York court should expect to present documents and evidence detailing all liabilities and assets. As with all state and court...
Common warning signs of fraud
Prevention is the best solution for fraud in New York. There are several warning signs that are proven to indicate fraud. Exaggerated benefits A product or service that seems too good to be true is often not true. There is usually some kind of big catch like a large...
Cryptocurrencies can be the subject of financial crimes
Technology is always advancing, bringing with it change to the financial world as we know it. For example, cryptocurrency is becoming increasingly popular among many businesses and investors. However, as with other financial transactions, crimes involving...
What is a high-yield investment program?
A high-yield investment program is supposed to bring high returns to New York investors. However, it is a classic Ponzi scheme in which no real investments are made, and the scammers walk away with their victims' money without doing any work. There are few to no gains...