Recent Posts in White Collar Crimes Category
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4 Steps to Take If Accused of a White Collar Crime
Posted By Brad Bailey LawBeing investigated for a white collar crime such as fraud , money laundering , embezzlement , or tax evasion can be a stressful, frightening, and confusing experience. While you could allow the criminal justice process to take its course, mere accusations can lead to irreparable damage to your professional reputation and personal life—even before stepping foot inside a courtroom. Since state or ...Continue Reading -
FBI Cracks Down on College Bribery Scheme
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On March 12, 2019, the U.S. Department of Justice announced that 50 individuals have been charged with various crimes related to an alleged fraud scheme—known as “Operation Varsity Blues”—to cheat on entrance exams and bribe college officials to admit students whose parents are wealthy actresses, CEOs, and business executives. In all, 33 parents collectively paid $25 million to William Singer, who ...
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What to Do When You've Been Accused of Fraud
Posted By Brad Bailey LawFraud claims take any number of forms, but no matter the scope, type, or scale of your accused fraudulent activity, you can rest assured that state and federal agents will take it very seriously. Because of the increased scrutiny on the financial services sector after the 2008 Great Recession, prosecutors are eager to “make an example” of those accused of fraud, and may mistakenly categorize your ...Continue Reading -
Understanding Embezzlement Charges
Posted By Brad Bailey LawMajor embezzlement and fraud cases often make a big splash in the media, like the now-infamous Bernie Madoff scandal. While not every person convicted of embezzlement will face a 150-year prison sentence and the same kind of public scrutiny applied in Madoff’s case, embezzlement charges can seriously impact your reputation as a business owner or professional. That’s why it’s so important to ...Continue Reading -
Insider Trading Ring Draws New Guilty Pleas
Posted By Brad Bailey LawLast year, the business world was rocked by the news that more than seven individuals stole over 5 million dollars in illicit funds, by means of an insider trading ring that spanned across the country. The alleged trading ring, run by a former Bank of America employee named Daniel Rivas, first came to national attention in August 2017, when the Justice Department and Securities Exchange Commission ...Continue Reading -
The Elements of a White Collar Crime
Posted By Brad Bailey LawWhite collar crime refers to those criminal offenses that use some form of deception to produce financial gain. These crimes are often committed by business professionals and government employees since they are able to gain access to large amounts of other people’s money. They are typically victimless and do not involve violence, drugs, or overtly illegal activities. Most white collar crimes are ...Continue Reading -
Common Defenses for White Collar Crimes
Posted By Brad Bailey LawIf you are currently under investigation for a white collar crime , it is important to seek legal counsel from a skilled criminal defense attorney—even if you haven’t been arrested yet. A conviction can result in serious state and potentially federal penalties, punishable by years in a federal prison or exorbitant fines. Furthermore, having a criminal record can cause substantial damage to your ...Continue Reading
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