According to the U.S. Department of Justice, wire fraud is one of the most prevalent forms of this crime. Fraud is the deliberate deceit of others to get one's hands on unlawful gains. These ill-gotten gains often take the form of cash, but any financial gain...
Six people in New York have been charged with fraud after allegedly hosting a long-running scheme that convinced women from Turkey to travel to the United States and give birth here. The people involved in the scheme told the women that their children would...
Residents of New York may hear about insider trading happening in their home state often. This is an understandable assumption as New York City is the country's economic hub. However, insider trading can occur in any part of the country at any time. But what exactly...
The New York stock market is supposed to be an open playing field. Ideally, everyone has access to the same information, which means that no one has an unfair advantage over other traders. Sometimes, people can't help it if they hear insider information about a...
There are many individuals in New York who operate a business in international territory. These businesses or their personal needs may lead them to consider opening an offshore bank account to keep track of their finances elsewhere. It is important to note that this...
Many people have searched for jobs in New York and stumbled upon online job positions that look appealing. Sometimes, the job offers are legitimate and offer the chance to work from home while recruiting other employees. But other times, the job offer is actually a...
A former employee Amazon has been arrested along with two of her family members after reportedly using insider information to make investments. Between 2016 and 2018, the employee worked as a manager in Amazon's tax department. During this time, she allegedly shared...
Federal agents have taken a financial advisor into custody on wire fraud and securities fraud charges. The arrest was announced on Oct. 1 by the U.S. Attorney’s Office for the Southern District of New York. The 53-year-old White Plains resident faces up to 45 years in...
The New York County District Attorney’s Office announced on Sept. 3 that a 52-year-old man pleaded guilty to embezzling almost $6 million dollars from the office supply company that employed him as a senior vice president. The man, who is a licensed attorney and also...
Five individuals are the target of indictments in New York due to what prosecutors say is their role in a Ponzi scheme. The indictment presented in the state's Southern District alleges that the group put a modern twist on the scheme by using a fictitious...