A 43-year-old man who founded and once served as the chief executive officer of a company that promised to protect its clients against internet fraud has been accused of using falsified financial statements to bilk investors out of more than $100 million. Papers filed...
White Collar Crimes
White Collar Crimes
Sentencing guidelines and white collar crime: What to know
One of the most prevalent misconceptions about white collar crime is that the state and federal justice systems do not punish it harshly. To the contrary, courts frequently impose very strict sentences on men and women convicted of financial crimes. Many white collar...
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....
Understanding money laundering allegations
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...
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...
