The arrest of two New York pharmacists following a 2017 federal government sting operation turned a spotlight on people who use their professional capacity to commit fraud against insurers.
New York is commonly referred to as the financial capital of the United States. As such, opportunities to commit corporate and financial fraud are abundant. Sometimes just one rash or risky decision that did not seem to be that important at the time can come back to haunt you, especially if it turns out that your actions are technically illegal under New York state law.
Let us say that you are involved in the real estate business as a mortgage counselor, and you have achieved a reputation for fairness in your dealings with homeowners who are facing foreclosure.
Are you aware of the types of emails that are going out on your company computers? Commercial emails are subject to laws enforced by the Federal Trade Commission.
An example of extortion carried out on a broad scale is demonstrated by the arrest and conviction of a man who set up call centers used to defraud unsuspecting victims out of large sums of money.
In 2013, the United States attorney in Manhattan dropped charges and convictions for insider trading against an employee of SAC Capital Advisors, Michael S. Steinberg, and six cooperating witnesses who had entered guilty pleas in the matter.
While there are many kinds of investment strategies, market timing is one that can easily turn into a fraudulent scheme. Such a situation may eventually catch the attention of both the SEC and the FBI.
The first part of building a strong criminal defense case is understanding the charges. Most terms for criminal activities are general categories comprising various ways people can commit that crime.
There is a new victim of identity fraud every two seconds, according to data compiled by Javelin Strategy & Research. The findings from their 2015 Identity Fraud Study indicate that $16 billion was stolen from U.S. consumers in 2014.
If you are a business owner, accounting fraud may not be something you think about every day. The company is doing well and you feel you have trustworthy employees, so there is nothing to worry about. However, even companies with just a handful of employees can fall prey to an unscrupulous thief whom you would never suspect of wrongdoing.