In our previous blog posts, we have discussed some white collar crimes. In the most recent one, we discussed a securities crime case. In all of these cases, the defendants aren't automatically assumed to be guilty by the court. Instead, they have the right to present a defense against the charges in an effort to show that they aren't guilty.
Alleged Ponzi scheme leads to criminal charges
Charges were filed against two New York businessmen by the Securities and Exchange Commission on Jan. 27, 2017. It is alleged that they were responsible for running a complex Ponzi scheme that duped investors out of more than $81 million dollars.
What exactly is a white collar crime?
The term "white collar crime" was coined in 1939, back in the day when every good businessman wore a suit and a stiff white-collared shirt. Only common laborers wore dark shirts to help hide the dirt or dust from their jobs.
SEC moves forward with fraud investigation of investment business
The Securities and Exchange Commission (SEC) is investigating an investment business that is accused of misappropriating almost $4 million in funds from investors.
Understand what can occur in a criminal justice trial
Many criminal cases are resolved before they ever make it to a trial. For the ones that do end up going to trial, there are often some misconceptions about what happens during these trials. It is imperative that any defendant who is taking their case to trial have a basic understanding of what will happen during the trial.
