The Treasury Department is cracking down on money laundering. The agency is investigating New York luxury real estate purchases made in cash through shell companies. The effort is not a new one. However, according to a recent report by The New York Times, the...
Many of the possible penalties of criminal convictions are well known. These include penalties like incarceration or fines. There are also other penalties that are possible, but might not be so obvious. Unearthing these penalties can you to make informed choices about...
It isn't often that you hear about bank executives facing criminal charges, but that is the reality of life for two executives from HSBC. The banking giant has been investigated for money laundering and mortgage fraud. Typically, the bank has simply paid money and...
Medicaid fraud is, essentially, the illegal practice of seeking payment from the Medicaid system. The Obama Administration aimed to reduce Medicaid fraud throughout the country. Although a noble goal, there are concerns that the methods used could result in false...
Some people who are facing criminal charges want to get the matter taken care of quickly. Generally, it is much faster for a defendant to resolve a criminal matter through a plea deal instead of having to go through the trial process. Another option is to plead guilty...
When we talk about securities fraud, you might think immediately of insider trading. Insider trading occurs when someone uses confidential information that is not available to the public to make investment and trade decisions. Knowing about this type of information...
A Ponzi scheme is an investment scheme that creates the illusion of wealth. It is often advertised as an investment tactic that is nearly too good to miss. People will often talk about how it can do well even when the economy is doing poorly, so the results are...
When you are placed in a position of trust over assets, whether those assets are property or money, you are expected to act in an honest manner. You must ensure that you aren't doing anything that might be perceived as underhanded. You might be charged with criminal...
Dealing with the Internal Revenue Service (IRS) likely falls within the top three when making a list of things you would like to avoid. Unfortunately, 2,400 citizens of the United States will probably soon find agents of the IRS knocking on their door as a result of...
On Monday, June 20, three officials with the New York Police Department were arrested on charges of corruption. Two of the officials are accused of taking bribes of over $100,000, including a trip to Las Vegas, expensive game tickets and the services of a call...