Category Archives: White Collar Crimes
Identity Theft Is Now Considered A Form Of Elder Abuse In New York
On December 6, 2021, Governor Kathy Hochul signed legislation (S.1560/A.1994) into law. The Governor signed this legislation to protect seniors from fraudulent use of personal information. Legislation S.1560/A.1994 allows law enforcement and the Office of the Aging to recognize identity theft as a form of elder abuse and take the necessary action to help… Read More »
Federal Bank Fraud Crimes
In simple words, bank fraud is a type of white-collar crime that involves using deception to obtain property, including money from a financial institution. Like other fraud crimes, federal bank fraud crimes involve the use of a “scheme or artifice” to defraud. The scope of the phrase “scheme or artifice” is quite broad, and… Read More »
Intellectual Property Theft
Intellectual property refers to people’s or companies’ ideas, inventions, and creative expressions and include, among many others, trademarks, patents, industrial designs, trade secrets, movies, software, and music. Therefore, intellectual property theft involves robbing individuals or companies of their inventions, ideas, and creative expressions. There are many variations of intellectual property theft since there are… Read More »
Three Common Types Of Insurance Fraud
Insurance fraud is among the most common types of fraud in New York. Often, insurance fraud is committed by people who knowingly and with the intention to defraud present false information to insurance companies in the underwriting and/or claim phase. One of the main reasons this type of fraud is prevalent is the misconception… Read More »
Arrested for Identity Theft? Understand Some Basics About the Crime
Identity theft is on the rise in the U.S. This type of crime happens when an unauthorized person illegally obtains another person’s personal identifying information and uses the information to commit a crime. Identity thieves mostly steal information to commit fraud. In many cases, identity theft involves the theft of an individual’s; full names…. Read More »
White Collar Crimes: Some Basics on Forgery
In New York, white-collar crimes are common, with many New Yorkers being charged with different white-collar crimes daily. One prevalent white-collar crime in New York is the crime of forgery. In New York, forgery crimes fall under either misdemeanors or felony crimes, with felony crimes carrying more severe penalties than misdemeanors. As is with… Read More »
Former New York Congressman Sentenced To Over Two Years in Prison for Insider Trading: Understand the Statute, Crime, and Penalties
In January 2020, former congressman Chris Collins was sentenced to over two years in prison. Chris Collins was found guilty of providing his son with some private information he obtained from the White House. The former congressman admitted that he shared this private information with his son to prevent him from making losses. Mr…. Read More »
US Department Of Justice Updates Guidance Document For Investigating Corporations Of White Collar Crimes
In June, the Department of Justice released an updated guidance document concerning the evaluation of corporate compliance programs for prosecutors of white collar crimes. The adequacy and effectiveness of a company’s compliance program is one of the factors that prosecutors are supposed to consider in determining whether to bring charges, as well as whether… Read More »
White Collar Crime Prosecutions Down by 50 Percent, But Highest Number Still Brought In New York
According to statistics compiled by the Transactional Records Access Clearinghouse of Syracuse University, federal white-collar prosecutions have decreased by close to 50 percent since the Obama administration. Specifically, in fiscal year 2019, the government launched less than 5,000 prosecutions; most of them involving radio, television, or wire fraud charges. Compared to eight years ago,… Read More »
