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....
Year: 2023
3 things people should know about serving as an IRS whistleblower
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...
Best practices for preventing white collar crime in business
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...
Understanding examples of federal insurance fraud
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...
3 FAQs about wire fraud
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...
What is embezzlement?
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...
The thin line: Exploring the threshold for bank fraud charges
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...
Wire fraud vs. mail fraud: What’s the difference?
Fraud is a type of white-collar crime that encompasses a variety of diverse situations and behaviors but has a single general meaning. Fraud is defined as intentionally deceiving someone with the purpose to deprive someone of their money, property or legal rights. ...
Don’t let your home purchase lead to bank fraud
Buying a home today is an expensive undertaking. It can be challenging to scrape together enough money to afford the down payment on a home. Some homebuyers turn to their parents for assistance with covering the down payment. It’s great if your parents (or...
Potential penalties for an embezzlement conviction in New Jersey
Embezzlement, also known as employee theft or financial fraud, is a serious white-collar crime involving misappropriating funds or property by someone in a position of trust. In New Jersey, embezzlement is a criminal offense that carries severe penalties. New Jersey...