All defendants in a court case are presumed innocent until proven guilty. In your case, there may be certain facts that could prejudice a jury if they were to be revealed. For this reason, the law has given you a way to keep them from being divulged to a New York City...
White Collar Crimes
Money laundering penalties are severe, but deals are common
Individuals in New York and around the country face money laundering charges when prosecutors claim that they helped criminals conceal money that they earned illegally. Lawmakers first took action to prevent money laundering in 1970 when Congress passed the Bank...
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...
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...
What is an air loan?
An air loan is one of the most common forms of mortgage fraud in New York. This type of fraud can be complicated, but it has a simple goal: get money from the bank without having to pay it back. Being charged with mortgage fraud is a serious accusation that can carry...
CEO of anti-fraud company charged with fraud
A 43-year-old man who founded and once served as the chief executive officer of a company that promised to protect its clients against internet fraud has been accused of using falsified financial statements to bilk investors out of more than $100 million. Papers filed...
Sentencing guidelines and white collar crime: What to know
One of the most prevalent misconceptions about white collar crime is that the state and federal justice systems do not punish it harshly. To the contrary, courts frequently impose very strict sentences on men and women convicted of financial crimes. Many white collar...
Understanding money laundering allegations
White collar crime is a very broad phrase that refers to a wide variety of activities. In many situations, the line between legal activity and illegal activity may be very thin and difficult to distinguish. Financial professionals and business owners alike must be...
Former New York mayor receives probation in wire fraud case
The former mayor of Cohoes, New York, was sentenced to probation after a conviction in a wire fraud case, avoiding prison time in the matter. The former mayor was accused of taking campaign contributions for personal use, and he pleaded guilty to one count of wire...
Prosecutor says insider trading laws should be clarified
Individuals in New York and throughout the country could face jail time and other penalties for engaging in insider trading. However, there is no law that specifically says what insider trading is. A panel led by a former federal prosecutor says that the government...