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...
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Fraud
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...
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...
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....
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...
False allegations of financial fraud
Those facing allegations of financial fraud are often in a very difficult position. Aside from the high levels of stress and uncertainty that these cases usually generate, people often face tough consequences that shatter their lives. For example, some business owners...
Insurance company faces fraud charges over opioid crisis
The State of New York filed civil charges against opioid manufacturer Mallinckrodt Plc last Tuesday, April 21. The charges accuse the pharmaceutical giant of purposefully misrepresenting the safety of opioids. Investigations into the nationwide opioid crisis have...