White Collar Crime
How the Pandemic Fueled a Surge in Wire Fraud
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The massive disruption of business brought about by the global pandemic almost two years ago opened a veritable Pandora’s Box of wire fraud. Here’s how to avoid becoming a victim.
White Collar Crime
Feds Vow Crackdown on Corporate Crime ‘Repeat Offenders’
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Shifting gears in its legal strategy, the Department of Justice is pressing for more guilty pleas and imposing outside monitors, in what amounts to a marked shift from the Trump era, when comparable misconduct often led to deferred or non-prosecution agreements.
Viewpoints
A Criminologist Assesses the ‘Racketeer-in-Chief’
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Donald Trump’s financial schemes both before and during his presidency suggest a pattern of white-collar fraud that puts him on a par with history’s most notorious racketeers, claims a new book by criminologist Gregg Barak.
White Collar Crime
New York AG Subpoenas Trump Siblings
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New York Attorney General Letitia James has asked a New York Supreme Court civil judge to enforce the subpoenas to the Trumps for the civil investigation into their business practices. The Trump family has filed a motion to either challenge or delay them.
COVID-19
Secret Service Estimates Almost $100 Billion Stolen From COVID Relief Funds
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Most of that figure appears to come from unemployment fraud. The Labor Department reported about $87 billion in unemployment benefits could have been paid improperly, with a significant portion attributable to fraud.
White Collar Crime
Justice Department Pledges to Get Tough on Corrupt Corporate Bosses
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Deputy Attorney General Lisa Monaco said the department’s top priority regarding corporate crime is to prosecute the people who commit and benefit from misconduct.
White Collar Crime
Justice Department Ramps Up Antitrust Enforcement
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Attorney General Merrick Garland, described the antitrust division as “energized and eager to go forward,” saying the department had ongoing matters “involving everything from agriculture, to banking, to real estate.”
White Collar Crime
Official in Charge of Policing White Collar Crime Resigns from DOJ
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As acting deputy assistant attorney general, Daniel Kahn oversaw high-profile bribery cases against French energy company Alstom SA and Brazilian construction conglomerate Odebrecht SA.
White Collar Crime
COVID Telehealth Fraud Caused $1.4B in Losses: DOJ
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The Department of Justice has filed criminal charges against 138 defendants — including 42 doctors, nurses, and other licensed medical professionals — for their alleged participation in online health care fraud schemes. “These fraudulent activities prey on our most vulnerable,” said DEA Administrator Anne Milgram.
White Collar Crime
Madoff Fraud Victims Awarded $568M in New Distribution
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The Department of Justice Thursday announced its seventh distribution of funds to individuals victimized by Bernard L. Madoff Investment Securities in what has been called the largest Ponzi scheme in history, raising the total compensation so far to over $3.7 billion.