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Posts tagged "White Collar Crimes"

Participation in husband's ponzi scheme lands woman in jail

The popular representation of white collar crimes may often be that of a high-tech scheme concocted and carried out by sophisticated, "James Bond"-type perpetrators. Yet in reality, such offenses are typically committed by ordinary people caught up in fraudulent schemes. In fact, such crimes can often seem so unextraordinary that they could realistically be going on right under people's noses without them knowing about it. If and when such activity is brought to light, however, how those who find out about it react could potentially play a role in assigning culpability in the future. 

Navigating a tax evasion charge

Like most white collar crimes in New York, a charge for tax evasion can be serious. However, because any process related to tax filing can be incredibly complex, gray areas often arise. There are some facts to know about tax evasion charges -- and the penalties that come with them -- that can make these areas appear clearer and more manageable. 

Pyramid schemes versus ponzi schemes

Any financial crime can come with crippling costs, especially when it comes to actions related to pyramid or Ponzi schemes. Although most New York residents may assume these two crimes are the same, they involve different strategies. Although different in many ways, they can come with the same lasting effects on a person's life. 

What a white collar crime means in new york

No matter the situation, a white collar charge can become incredibly complex and time-consuming. It is for this reason that such cases are generally handled very seriously. New York has long been familiar with these types of crimes, but what might they mean for the defendants themselves?

Two men accused of bank fraud scheme

New York residents may frequently hear reports about people who are accused of white collar crimes such as money laundering or embezzlement. Just as with any other type of criminal charge, it is always important for people to remember that every defendant is innocent until proven guilty. The often limited amount of information provided in media reports about these cases may make it difficult to think that defendants are innocent but this is always a possibility.

When an identity theft charge threatens a reputation

A growing problem across the nation, identity theft is a crime that has taken on many meanings. For those found guilty of identity theft, just one wrongful accusation can result in years of fines and negative repercussions. New York is one of many states that is significantly more vulnerable to such crimes, but is also one that applies serious penalties.

Laws on cyber-insider trading not always clear

It is not all that uncommon for people in New York to hear reports about a person, often a corporate executive of a company, being accused of some form of embezzlement, insider trading or other white collar crime. This is not because the people are likely criminals or in search of some easy way of making money. It may be due in part to the fact that the roles these people hold provide them insight into certain information and that the laws on what is and what is not legal here are not completely black and white.

Is insider trading actually legal?

When business-minded individuals in New York look into the stock market, they're met with a whole world of possibilities. Unfortunately, you're also going to run into a lot of laws dictating what can and can't be done when it comes to buying or selling your stocks. Insider trading is known as an illegal move, but did you know that there's actually a legitimate form of insider trading, too?

Copyright infringement and criminal charges

Many people in New York might not associated copyrights and criminal charges but it is important to know that the two can in fact be linked. Among the many examples of this is one that involves alleged illegal distribution of two Hollywood blockbuster films earlier in the century. As explained by the United States Department of Justice, four different individuals were charged with federal crimes involving copyright infringement and conspiracy.

Reporting of cryptocurrency gains not consistent

When residents in New York hear reports about people being charged with tax evasion or other forms of white collar crime, it can be all too easy to assume that a person was consciously trying to do something wrong. This, however, is not necessarily the case. Many tax and investment laws and guidelines can be complex and lead to difficulty in knowing what really needs to be done when. In addition, many loopholes in the tax code essentially help people reduce their tax liability.

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