White collar crime is a very broad phrase that refers to a wide variety of activities. In many situations, the line between legal activity and illegal activity may be very thin and difficult to distinguish. Financial professionals and business owners alike must be...
White Collar Crimes
Former New York mayor receives probation in wire fraud case
The former mayor of Cohoes, New York, was sentenced to probation after a conviction in a wire fraud case, avoiding prison time in the matter. The former mayor was accused of taking campaign contributions for personal use, and he pleaded guilty to one count of wire...
Prosecutor says insider trading laws should be clarified
Individuals in New York and throughout the country could face jail time and other penalties for engaging in insider trading. However, there is no law that specifically says what insider trading is. A panel led by a former federal prosecutor says that the government...
The elements of bribery
Those who try to offer government officials something of value in exchange for favorable treatment may be engaging in bribery. In many cases, both the party giving the bribe and the party accepting the bribe can be charged with a crime. To prove that bribery occurred,...
Tech company accused of defrauding schools, government
One New York technology company owner is facing criminal charges after allegedly failing to provide computer equipment and internet service to the students attending Catholic schools in Brooklyn. The head of AutoExec Computer Systems in Long Island allegedly billed a...
Professor in organized crime charged with money laundering
On Nov. 18, federal authorities in New York charged a Florida professor in organized crime with participating in an international money laundering scheme. The charges were handed down in a Manhattan federal court. According to court documents, Bruce Bagley, a...
Tax evasion charges result in guilty plea
People who live in the state of New York and find themselves accused of criminal activity know that must make some important decisions. These decisions involve whether to hire a private attorney or to allow themselves to be represented by an attorney who works as a...
Defining unlawful gifting
Given New York City’s deep connections with the corporate world, it is not uncommon for locals to hear stories of businesses executives getting in trouble for either giving or receiving gifts from those with whom there is the potential to do business. Most would refer...
Is catfishing a crime?
In recent years, the term catfishing has been a subject of much concern when it comes to online interactions. This refers to a person impersonating another by using their pictures, which are usually obtained from social media profiles. The reasons behind catfishing...
What is a pump and dump scheme?
When you work in the financial markets, you quickly become familiar with just how volatile they can be. Communicating that to investors in New York can be a challenge, as they are often not acquainted with the subtle nuances that can lead to market fluctuations. Often...
