Nobody starts their career with the goal of embezzling their company. However, sometimes, life’s circumstances lead them down that path. Many times, they use company funds with the intent to make full reimbursement. Unfortunately, they are often caught before that...
Many people may never have heard of the Environmental Protection Agency (EPA). For those involved in large scale businesses, they may have heard of the EPA but had few direct dealings with it. The EPA is a federal agency tasked with setting and enforcing environmental...
Transshipping is the practice of transferring imported goods from one form of transportation to another during their journey from their country of origin to their final destination. Transshipping can be perfectly legal – and efficient. It can be more economical to...
Phishing is a fraudulent scheme that intends to steal personal information from others for personal gain. Victims of phishing could reveal their online usernames, Social Security numbers, bank account information, credit card numbers, passwords, etc. This stolen...
The term “disgorgement” sounds like something that’s very painful. It certainly can be – financially. Disgorgement is a legal remedy that involves returning profits that were obtained through fraudulent methods (often referred to as “ill-gotten gains”) to those who...
There are many different kinds of fraud. Some forms of fraud are less obvious and can involve more than one person, such as pyramid schemes and bank fraud. Other forms of fraud can involve individuals, such as mortgage fraud. One kind of fraud that can happen to...
A pyramid scheme is a form of financial fraud that can result in serious criminal charges. When an investment firm faces these types of charges, there can certainly be financial penalties – and some who are accused could even face potential jail time. In other words,...
Identity theft is a prevalent concern in the digital age, where personal information is so often stored and shared online. This sophisticated crime involves the unauthorized acquisition and use of an individual's personal information, such as their name, Social...
Corporate fraud often brings to mind high-profile scandals and significant financial repercussions in the business world. However, the impact of corporate fraud extends far beyond the immediate financial losses. For corporations grappling with these allegations,...
Money laundering is a complicated process. An individual or business tries to hide the true origins of capital, often in the hopes of using ill-gotten funds for seemingly legitimate purposes, like investing in a business or buying a house. Money obtained through...