Financial fraud is an example of white-collar crimes, which are nonviolent schemes committed by industry professionals, hence the name origin. While there are several kinds of financial fraud scams in New York, a common type is a Ponzi scheme. Overview of a Ponzi...
Fraud
What is accounting fraud?
Business owners in New York may be charged with accounting fraud when there is evidence of manipulated financial records. In order to bring a conviction for accounting fraud, the manipulation of records must be deliberate. How accounting fraud differs from fraud Many...
What is check kiting?
Bank fraud is potentially punishable with significant jail time. One type of bank fraud that happens frequently is check kiting. This is when someone intentionally writes checks on an account that they know does not have the funds to cover it. The person committing...
Corporate Fraud Can Be Committed By One or More People
New Yorkers know many instances of corporate fraud. Headlines are constantly filled with companies that have been caught stealing, manipulating data, or otherwise obscuring or falsifying information in order to reap an illegal profit. Referred to as white-collar...
There are several types of mortgage fraud
The pride that comes with home ownership is especially strong in New York City where properties often appreciate in value faster than in other parts of the country. However, one thing that many people may not be aware of is that the real estate lending world is...
How mortgage fraud works
White-collar crimes in the New York City metro area cover several non-violent, illegal actions in the financial domain. Misapplication of funds and embezzlement occur more often than other financial institute fraud, but mortgage fraud is still a concern for law...
Pharmacist pleads guilty to health care fraud
A pharmacist in New York is one of the individuals included in a group of people recently arrested in a crackdown on fraud in the health care system. The pharmacist appeared in a Brooklyn federal court to answer to the charges formally announced to her. The criminal...
Handling charges for securities fraud
When tales of financial fraud make the headlines, it seems like Americans just can't get enough of them. People in New York know all too well that Ponzi schemes, securities fraud and FINRA investigations can mean headlines for weeks. But the truth is that these...
Former Trump associate charged with financial fraud in Manhattan
Most criminal fraud defendants are anonymous to the general public unless and until they are indicted. One prominent exception to this rule is Lev Parnas, a New York investor who was identified as an associate of President Trump and who has been previously indicted...
What is financial institution fraud?
Financial institution fraud is a federal crime. The FBI has resources allocated to investigate this type of crime. The FBI defines financial institution fraud as crimes that target credit unions, banks and other financial institutions the federal government insures....