Residents in New York and across the United States were aware that for a series of days, officials were reported to have intercepted multiple packages mailed to prominent persons. The contents of these packages were potential bombs and the intended recipients were all democratic politicians or well-known supporters of democratic politicians and the democratic party.
The New York court system is no stranger to fraud cases, but a recent case involving bank loans to two media companies may prove difficult to prosecute because the banks who lent the money suffered no financial loss.
When one is accused of embezzlement in New York, many might automatically assign guilt to them based on the assumption that charges would not be made without sufficient evidence to support them. Yet the fact is that an alleged embezzlement offense (or any financial crime, for that matter) might have several layers to it that might skew the lines between simple judgment errors to gross misconduct. It is for this reason that those accused of such crimes should not be viewed as culpable until all the facts pertaining to case have been revealed.
Whether you're a first time home buyer or have owned before, most people who buy a piece of real estate use a mortgage to finance the transaction. This is a detailed process that involves many parties working together. There are many opportunities for some party involved to make a mistake or potentially falsify information to improve the transaction.
The notion of "Club Fed" refers to federal prisons that are perceived to be more like resorts than penitentiaries, with those "detained" inside enjoying the same lavish amenities they did on the outside. The common school of thought is that anyone convicted of a white collar crime in New York would be sent to such a place. While there are different levels of security in the prison system (which can be reflected in what is available to inmates), the notion that all white collar criminal activity earns one an all-expenses paid trip to Club Fed is simply false.
As someone working in New York, you've likely heard of pyramid schemes and Ponzi schemes before. Sometimes, they're lumped together. Other times, people call Ponzi schemes a "type" of pyramid scheme. But is that actually accurate? While these two types of schemes are similar in many ways, they also have a number of fundamental differences.