People in New York may have a particularly unique view on cases involving alleged tax evasion or other offenses related to the payment or the non-payment of federal income taxes simply because of their location. With New York being the financial heart of the country, several high-profile cases end up taking place in this area. Many of these recent cases even involve people with ties to the current federal government administration.
If you have a small business, you may have chosen a logo, name or slogan that represents your brand. Using your mark on your brand is essential, as you want to draw customers to your business. However, it is important to use the right methods in choosing a trademark to avoid implementing another companies brand or slogan. Trademark infringement occurs when you use a trademark that another company has already registered with the U.S. Patent and Trademark Office. You may be charged with infringement if your mark even closely resembles another trademark or sounds like another business name.
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.
Most New Yorkers could agree that filing taxes is hardly an exciting activity. Each year, as that season comes and goes, countless residents walk away having evaded tax returns in some way. Many of those who commit tax fraud are unaware that the act was committed in the first place. Regardless of intention, this type of white collar crime can come with heavy penalties, giving the process potential to linger on much longer than the tax season itself.
Most people in New York have likely heard some semblance of news coverage regarding the trial of the man who had been the President's campaign chairman during the last election. As reported by CBS News, this trial has concluded two days of jury deliberation with no verdict yet being returned. The jury will resume its deliberations after the weekend.
People in New York who may either run for public office themselves or who may choose to contribute to the political campaigns of others know that there are many laws governing the financing of political campaigns. As explained by the National Conference of State Legislatures, these laws cover three distinct areas, one of which is the public financing of campaigns. Other laws pertain specifically to the required disclosures associated with contributions that are made. The third type of law governs the caps on contributions.
Most in New York are likely familiar with the term "money laundering" and might even have a general understanding of that it means: taking supposedly "dirty" money and making it appear clean. "Dirty money" is typically that which is gained unlawfully, and indeed, it is illegal to try and attempt to conceal its origin by making it appear as though one secured it through legitimate means. Yet the exact details of what activity actually qualifies as money laundering might be unknown to most.
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.
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.
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.