A New York banker was sentenced to three years for giving an unfair investment tip to his father. According to Newsday, the judge did not believe that the man was being honest when he claimed he did not know his father would trade on his stock tip.
You may have heard the term “white collar crime” in the past (particularly given New York City’s association with global financial markets), yet do truly know what it means? Many may believe that it involves sophisticated crimes committed by savvy business people who, if caught, are sent away to resort-style federal prisons. While there may indeed be some grains of truth in that assumption, law enforcement officials take white collar crimes very seriously, often meting out punishments for them that can rival those imposed on violent criminals.
Doing taxes is not fun for most New Yorkers and it’s even less so when money is due to the government. As tempting as it may be to lie or omit certain information in order to pay less in taxes, getting caught doing so can result in severe penalties.