The Crime Report (https://thecrimereport.org/category/white-collar-crime/)
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.”
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.
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.
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.
Prosecutions of white-collar crimes are down, and in Silicon Valley, Big Tech is reaping the rewards as lawmakers look the other way.
Despite a post-COVID uptick, federal white-collar prosecutions are now at half the level they were 20 years ago, a steady decline that indicates the federal government’s shifting priorities away from white-collar cases and toward anti-terrorism efforts, says the Transactional Records Access Clearinghouse.
A practice that allowed corporations to settle financial claims by making substantial “donations” to pre-selected non-profits was ended in 2017. The Biden administration would violate the Constitution if the practice was revived, warn two conservative legal scholars.
The pandemic has seen a surge in this type of theft, with fraudsters filing fake claims for unemployment insurance benefits in high volumes, obtaining payments from multiple states and receiving hundreds of thousands of illegal dollars, according to a Pro Publica investigation.
Cardinal Giovanni Angelo Becciu and nine other defendants went on trial Tuesday after being accused of embezzlement and misusing church charitable funds.
First Energy Corp., one of the largest investor-owned electric systems in the country, allegedly bribed state officials in order to push through a bill that would have given them a $1 billion bailout in a scheme that entangled prominent politicians, including former Ohio House Speaker Rep. Larry Householder.