The Dodd-Frank Act, passed in 2010, introduced major changes to financial regulation in the United States. Among its key components is the expansion of protections for whistleblowers. These protections aim to encourage people to report illegal activities in the...
Understanding the difference between tax fraud and tax avoidance is crucial for anyone who pays taxes. While both terms involve taxes, they have different meanings and legal implications. While taxes can be complex and challenging, understanding the difference between...
In today's financial landscape, integrity is the cornerstone of the industry. A bank fraud conviction can alter the trajectory of an individual's career. The repercussions extend beyond legal consequences. There are potential implications for professional standing and...
The U.S. Government uses the Federal False Claims Act (FCA) to combat fraud. This act is a resource that whistleblowers can leverage to sue employers or organizations that are defrauding the government and recover penalties and damages on the government’s behalf....
Employees are often in positions to identify business misconduct. Professionals ranging from team leaders to accountants could realize that there are signs of financial misconduct at a business, such as tax fraud or evasion. Organizations often go to extreme lengths...
White-collar crime encompasses a range of non-violent, financially motivated offenses, including fraud, embezzlement, insider trading and cybercrimes. The potential for these crimes is higher than ever. Therefore, learn how to protect your company from white-collar...
Federal insurance fraud is a serious crime with significant implications. The federal government strictly regulates these practices due to their far-reaching impact on the economy. As you navigate the world of insurance, understanding what federal insurance fraud is...
In an era of technical advances, the internet often serves as an arena for get-rich-quick schemes and other endeavors that the law considers wire fraud. The Federal Trade reported that American consumers lost $8.8 billion to fraud in 2022. That staggering number has...
In the realm of financial crimes, embezzlement occupies a unique position. It often involves a breach of trust that makes it distinct from other forms of theft. In today's business world, it is important to understand embezzlement and take steps to stop it. The act of...
Bank fraud involves deception or dishonesty to obtain money or property from a financial institution. If convicted, you risk hefty fines and decades in jail. Your career may also be on the line, not to mention the irreversible damage to your reputation. Therefore, it...
