Financial fraud involves taking money from someone else using deceit or illegal means. The scammers commonly promise goods or services that may not exist or misrepresent the product. There are some common types of financial fraud in New York City people should know...
Protecting Your Rights And Your Future
White Collar Crimes
Defense options for alleged computer fraud crimes
Computers play an important role in the lives of practically every New Yorker. While children use them to complete their schoolwork, adults use them for job duties, entertainment, and person communications. Many homes have computers in them, and most employers provide...
Executives sentenced for defrauding SBA
Fraud is one of the most common types of white-collar crime in New York and around the country. In law, fraud is the act of creating a financial gain by intentionally deceiving another person or entity. In December, a court sentenced four executives for defrauding the...
Do I need a lawyer if I have been subpoenaed by a Grand Jury?
The purpose of a grand jury is to assist prosecutors in determining whether there is probable cause to file charges. Therefore, when you’re subpoenaed to testify before a grand jury or to turn over specified documents, then you’re either considered a witness or...
Department of Justice focusing on corporate crime
New York City is a hub for financial activity. With so many corporations in operation in the financial sector and the city viewed as a prime mover for business throughout the world, it is not uncommon for accusations of wrongdoing to arise. This can not only cost an...
What is a mortgage putback and how does it work?
Many New York City residents seek a mortgage when buying a new home. Unfortunately, mortgage fraud sometimes occurs. This is where a mortgage putback comes in. You should know what this means if you’re seeking a mortgage to buy a house. What is a mortgage putback?...
Types of mortgage fraud
Mortgage fraud is a type of white-collar crime in New York City Metro area that occurs from omissions, misrepresentation, and deceit for profit. Mortgage fraud divides into lender fraud and customer fraud, and there are several types. Consumer mortgage fraud Consumer...
Basics of financial institution fraud in New York
When people work with a bank or mortgage company, they want to make sure that their money is safe from fraud. However, financial institution fraud. Read on to learn more about this type of fraud. What is financial institution fraud? Financial institution fraud is...
Defendants receive conviction in wire and bank fraud scheme
Residents of New York City may have heard about several high-profile convictions in the Southern District of New York. Two defendants received convictions for money laundering and wire fraud as well as aggravated identity theft. According to the United States...
How do direct sales differ from pyramid and Ponzi schemes?
The business industry in New York City is bustling and many people are either part of a large conglomerate or they may simply be a small business owner themselves. Those who choose the small business route often are attracted to offers that promise a big return for...