The Crime Report (https://thecrimereport.org/category/white-collar-crime/)
Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme that may have bilked clients of at least $17 billion, died in a federal prison early Wednesday. He was serving a 150-year sentence.
The items came from the apartment of Jennifer Weisselberg, the former daughter-in-law of former Trump CFO Allen Weisselberg. Investigators are examining whether the values of certain properties in the Trump Organization’s portfolio were manipulated to gain tax advantages or favorable loans and insurance rates under false pretenses.
The number of millionaires audited by the Internal Revenue Service dropped by 72 percent over the past eight years, according to the Transactional Records Access Clearinghouse. The likely reason: budget cuts imposed by Congress on an agency everyone loves to hate.
In preparation for another wave of pandemic-related unemployment aid, states are rushing to update security systems and fend off scammers who have syphoned billions from jobless programs over the last year.
Many of the masks were clever fakes, stamped with the 3M logo and shipped in boxes that read “Made in the U.S.A.”
The months-long investigation into allegations that Republican Sen. Richard Burr of North Carolina engaged in insider trading has been closed by the Justice Department and it will not pursue any charges.
More than 350,000 people in Illinois alone have had their personal identities used for fraudulent unemployment claims amid the COVID-19 pandemic.
For the first time, shell companies must provide the names of their owners or face stiff penalties. The Corporate Transparency Act was tucked into a law just passed by Congress.
The aircraft maker resolved criminal charges of defrauding the Federal Aviation Administration during development of the company’s 737 MAX, the jet that killed hundreds of people in two overseas crashes.
The replacement for departing Attorney General William Barr should be aggressive in holding corporate bosses accountable for their misconduct, write two whistleblower lawyers. Their candidate: former deputy AG Sally Yates.