Insurance fraud is a serious problem. The FBI reports that the annual cost of insurance fraud, non-health insurance, is about $40 billion per year. More law enforcement agencies are cracking down on potential perpetrators of insurance fraud. You should be aware that...
White Collar Crimes
Are you guilty of insider trading?
Insider trading is a term that we're all familiar with, but many people are not clear about exactly what it is. People from homemaker doyenne Martha Stewart to Wall Street hedge fund managers and billionaires have ended up in charged or in prison for insider trading....
What is involved in a bribery charge?
Bribery is a term that most people associate with politicians and others in government. For example, giving or receiving money or a gift in return for a government contract or some other lucrative deal is an example of bribery. However, it can involve anything of...
Understanding white collar computer crimes
Computer hacking is frequently in the news. Hackers have infiltrated government institutions, private companies and individuals. Everyone is vulnerable to hacking. Hacking involves using a computer to obtain unauthorized access to another data system. Hacking can be...
What are RICO laws?
Many people associate the term "racketeering" with organized crime rings and mob bosses -- mostly based on portrayals seen on TV and in the movies. However, state and federal racketeering laws address a much broader spectrum of offenses. Racketeering involves the...
Former bank teller pleads guilty to 1 count of bank fraud
A woman who was employed at a First Tennessee bank as a teller has accepted a plea bargain and pleaded guilty to one count of bank fraud. When she was indicted back in March, she faced seven counts of theft, embezzlement or misapplication by a bank employee involving...
You can accidentally commit insider trading
The laws surrounding insider trading are rather vague. This means that it is possible for people to accidentally commit insider trading, using information they were not supposed to use, without knowing that they are doing anything wrong. The basics behind insider...
What are some signs that point towards Medicare fraud?
As a health care provider, it is your job to know the ins and outs of every law. Along with this, you need to act in a trustworthy and honest manner at all times. For example, you should never cross the line when it comes to matters of Medicare. If you do, you could...
White collar crimes vary in seriousness
There is no denying the fact that no two white collar crimes are the same. And while these vary in seriousness, nothing changes the fact that you don't want to be charged with this type of crime. State and federal authorities are spending more time and money than ever...
Understanding the ins and outs of insurance fraud
Insurance fraud remains a major problem throughout the United States, with many individuals and companies partaking in this illegal activity every year. In short, insurance fraud is any act performed with the objective of obtaining improper payment from an insurance...