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 examination was recently expanded.
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 allegations of fraudulent practices by medical professionals.
The latest data released by the United States Justice Department indicates that federal white collar crime prosecutions are the lowest they have been in 20 years. As of February 2016, the government showed only 451 new white collar crime cases in a report that reviews federal government activity when it comes to fighting instances of white collar crime.
Criminal cases involving allegations of fraud, insider trading, embezzlement and employer theft tend to be extremely complex in nature. If found guilty, individuals who are sentenced in financial crimes cases often spend time in prison, are also forced to pay fines and restitution and are subject to restrictive and lengthy probation terms. In Utah, lawmakers have gone a huge step further and compiled an online registry of so-called white collar criminals that includes the names and photos of individuals who have been convicted of certain financial crimes.