Category Archives: White Collar Crimes
White Collar Crime Gets Woman 4 Years In Prison
In late July, Sabrinea Brooks was sentenced to four years in federal prison for a spree of white collar crimes, notably wire fraud, forgery, and healthcare billing fraud. Using a combination of technical know-how, industry familiarity, and old-fashioned chutzpah, Brooks embezzled almost $875,000 from health care employers, and was ordered to pay roughly $1.1… Read More »
Florida White Collar Crime
The term white collar crime was allegedly coined in the late 1930s to apply to organized crime activity, but in this day and age, it is used to cover the gamut of crimes committed by business and/or government professionals. White collar crimes are almost always financial in nature, and are usually nonviolent. There are… Read More »
When Does Predatory Mortgage Lending Become Mortgage Fraud?
The FDIC loosely defines predatory mortgage lending as an abusive and unfair extension of credit, though it’s unclear what defines “abusive and unfair”. Some industry experts believe predatory practices are those “which systematically violate loan terms and put borrowers at an unfair disadvantage when defending against those practices”. Predatory practices become mortgage fraud when… Read More »
Breaking Down the Three Stages of Money Laundering
By design, money laundering involves camouflaging profits obtained from illicit activities or exploitation into presumably “authentic” resources. Through a series of “cloaking”, or layering, individuals are able to take dirty money and turn it into legitimate earnings without drawing attention to law enforcement. Common methods of unloading surplus cash obtained illegally involves ‘rinsing’ money… Read More »
How to Defend Yourself in Securities Fraud Cases
Thousands of once aggressive stock traders who’ve spent eons allegedly making sound investment decisions suddenly find themselves dubbed as white collar frauds for poor financial choices. These are normally upstanding citizens well-known in financial circles in New York, California, and even rural USA. However, there are those who commit crimes that take investor funds… Read More »
White Collar Crime: Not What it Seems
When you think of “White Collar Crime,” what do you think of? Do you think of a person in an expensive suit sitting behind a desk skimming money off the top of an investment account? For many, this is the portrait the phrase “White Collar Crime,” paints for them. This is not necessarily a… Read More »
Understanding Identity Theft, According To the Government
Identity theft is a federal crime, and as such is subject to investigation by the FBI, IRS, ATF, or the DEA. All federal crimes are taken extremely seriously, including identity theft, and can result in serious, life-altering consequences. With the continual rise in technology, identity theft has become an even bigger problem, and it… Read More »