People who are trying to get a mortgage on a home will go through a very complex process to ensure they’re able to handle the financial responsibility that comes with this major life event. It doesn’t necessarily matter to the mortgage company that you’ve been paying $1,500 per month in rent for the past decade […]
In many cases in which embezzlement occurs, the person who takes the money also has access to the company's books. This is what sets embezzlement apart from other types of theft. Simply stealing money from work is one thing. Embezzlement usually involves trying to hide that activity. For instance, an employee who is tasked with […]
The United States Department of Justice (DOJ) made it clear in recent remarks that it will focus on rooting out illegal misconduct within the corporate sector and hold individuals responsible for misuse of their positions for their own financial gain. The comments, recently made at an industry conference, outline the feds focus on individual accountability […]
Often, white-collar crimes are looked upon as victimless offenses. However, fraud impacts many people across the world every year. In Colorado alone, the Attorney General’s Office estimates that the costs of fraud amount to hundreds of millions each year. Consequently, the more common types of fraud are worth further consideration. Insurance fraud Insurance fraud occurs […]
In the world of finance, one of the greatest risks to sensitive financial information is hacking. When a hacker breaks into a company’s archives, emails or network, there is a real possibility that personal information could be stolen along with financial data. Hacking into an organization’s network is against the law unless a person has […]
When a public official is charged with embezzlement, prosecutors may be certain they have a strong case. The official may also be charged with several crimes. “Embezzlement” Is one type of theft involving assets or money from another person or organization. The person who has been accused of embezzling money or assets may have been […]
Many individuals find out that they're facing federal charges when they receive a copy of the grand jury indictment in their case. It's not uncommon for individuals charged with white-collar crimes to find that they're also facing conspiracy charges. Title 18 United States Code (USC) § 371 is a U.S. statute that describes what conspiracy […]
White collar crime is something that rarely receives as much attention as violent crime, but it is very common. In the medical industry, the most widely recognized crime would likely be fraud, although people could also misuse their access to prescription medications or patients. Despite what the media might make you think by their focus […]
People are constantly advised to pick unique passwords for their digital tools and online accounts that are nearly impossible to guess. However, doing so also makes it harder to remember those passwords. As a result, assuming they’ll never have an issue, people often pick passwords that are predictable (and easier to remember). You know that […]
Sometimes it’s easy to get into a way of doing business because it’s how your predecessor operated. Maybe that’s just how things are done in your organization. However, some of these ways of doing business may be illegal. One example is kickbacks. What is a kickback? Basically, a kickback is any kind of illegal payment […]
