Securities fraud is usually the result of false or misleading statements about a company or stock -- or omission of important information about a company or stock. When others make investment decisions as a result of the misrepresented or omitted information, and they...
Fraud comes in many forms, but some cases put a very vulnerable population in danger. This occurs when the elderly are the victims. Some people hear that an elderly person was taken advantage of and they automatically think the worst of the person who is accused of...
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...
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.Their scheme involved...
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.The term has now become synonymous with...
The Securities and Exchange Commission (SEC) is investigating an investment business that is accused of misappropriating almost $4 million in funds from investors.What are the accusations? The business is accused of misleading investors on the use of the money that...
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...
A man who used to work for Visium Asset Management LP, as a portfolio manager, just went before a jury in New York. They only needed about 90 minutes to decide he was guilty of wire fraud, conspiracy, and securities fraud.The man's family was there when the verdict...
Most people understand that insider trading is a bad thing that can get people in trouble. But fewer understand that it does not always constitute a criminal violation.In fact, some cases involving insider trading can result in just fines, which may admittedly be...
Mortgages are sometimes the biggest loans that a person will take out in a lifetime. The influx of money, even if it is earmarked for a house, can sometimes tempt people to do things that they wouldn't normally do. When there are untruths made during the process of...