Claiming deductions on a tax form may help save money in taxes, provided the deductions are permissible under law. A person who claims illegal tax breaks could end up in serious trouble with the IRS. Even individuals who work for the agency do not escape scrutiny. In...
Year: 2022
Can working too much be a sign of fraud?
Being a hard worker is a quality many business owners value in their employees. However, as surprising as it may sound, sometimes overachieving in an office job may invite suspicion, particularly if you handle financial records. This is because some employees who put...
Why is Elon Musk in trouble with the Securities and Exchange Commission?
Elon Musk is the richest man in the world and the CEO of Tesla. He also is very influential when it comes to the stock market and cryptocurrency market. One word from him can cause major swings. According to CNBC, Musk got into trouble with the SEC in September 2018...
Policy changes to how the Department of Justice investigates white-collar crimes
Corporate crimes often receive less scrutiny than those involving violence. That said, people are acknowledging that financial misdealing can be equally harmful. In some cases, they are even more so. This realization is causing the Department of Justice to toughen...
Wire fraud guilty plea results from boiler room investigation
Wire fraud, in the digital age, falls into a niche set of parameters considering that computer fraud is technically a different charge. Phone calls, text messages and emails are all tools when it comes to wire fraud. The United States Department of Justice recently...
How are white collar criminal investigations handled?
When a government agency decides to launch an investigation into your company, it can cause everyone to feel overwhelmed, underprepared and anxious. Now is not the time to panic, though. The way you react during an investigation could have a much bigger impact than...
What is the difference between tax avoidance and tax evasion?
When it comes to IRS tax issues, you must have a good understanding of what is and is not legally permissible. This is especially important when it comes to tax evasion, which is a significant crime that may even amount to a felony charge. The primary purpose of tax...
Understanding your rights as a whistleblower
If you are an employee whose employer is engaging in misconduct, then you might feel that you need to expose their wrongdoing. However, the thought of moving forward with your claims may seem daunting, and you might worry about what type of retaliation you could face....
How does larceny relate to embezzlement?
Larceny charges filed under New York statutes include allegations of theft by embezzling. If a company trusted you with money or property, a loss may raise allegations of embezzlement. Larceny also applies to lost or missing data, trademarks and utilities under the...
Avoiding embezzlement: Using your company card responsibly
Company credit cards can have great advantages when used properly. Not only can you have greater flexibility, but you can also rely less on others and improve your productivity. However, it is important to understand responsible spending practices. Casual or frivolous...