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...
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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...
IRS worker pleads guilty to tax evasion
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...
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...