According to the Unlawful Internet Gambling Enforcement Act (UIGEA), passed in 2006, U.S. banks cannot accept online payment for gambling activities. However, the law exempted online gambling within the borders of a state that legalizes such activities. In 2013, New...
Year: 2022
How do embezzlement and larceny tie together?
Allegations of theft via embezzlement fall under larceny charges in New York statutes. This applies to missing or lost data, utilities and trademarks under theft laws, and a loss of money or property. Board of directors or employers may begin the initial investigation...
Is wire fraud more of a problem than mail fraud?
Fraud serves as a severe crime in whatever context it appears in. In particular, mail and wire fraud have often ended up confused for one another because of the similarities they share, but each has its own distinct definition and associated penalties. Though mail...
Can you go to prison for tax evasion?
When you file your New Jersey tax return each year, it is important that you include all relevant information and report all income received during the tax year to the IRS. Failing to report all income received is among the most common reasons the IRS may decide to...
What are some signs of counterfeit checks?
Check fraud is a serious problem, particularly because of the use of counterfeit checks. According to The Motley Fool, check fraud costs U.S. businesses billions of dollars with losses likely to continue mounting. So it is understandable if a business asks to verify...
What should I do before blowing the whistle?
Whistleblowers assume personal risk when they decide to report fraudulent behavior or wrongdoing, even though they are doing the right thing. Understanding your rights and protections in advance is important for you and your family. Taking preparatory steps before...
What happens during an SEC investigation?
Securities and exchange issues are complex. If the U.S. Securities and Exchange Commission believes you did anything to create an unfair advantage within the securities or stock markets, it may decide to launch an investigation into you, your New Jersey business or...
Criminal Charges Against Individuals Committing Healthcare Fraud
Last week, the Department of Justice announced criminal charges against 21 individuals across the country accused of committing healthcare fraud concerning COVID-19 benefit programs. This was the most significant coordinated COVID-19 bust to date, spanning nine...
CARES Act Fraud During the COVID Pandemic
In response to the COVID-19 pandemic, the Federal government launched several programs delivering financial assistance to struggling people and businesses. For example, under the Coronavirus Aid, Relief, and Economic Security Act, or "CARES Act," the Government...
What happens when you fail to pay your taxes?
Whether you simply forgot to pay last year’s income taxes or you knowingly avoided the arduous task, you should know the potential penalties that accompany this issue. While many people strive to file their taxes by the tax deadline, a number of others procrastinate...