White Collar Crime
Health Fraud Takedown Largest in History, Sessions Says
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Federal charges have been filed against more than 400 people, including 56 doctors, in crimes that generated $3.1 billion in false billings.
White Collar Crime
Does Ruling on NY’s Silver Start ‘Parade of Horribles’?
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Court decisions narrowing the definition of illegal corruption, most recently int he case of former New York Assembly speaker Sheldon Silver, may mean that “politics as usual now seems to encompass personally profiting from horse-trading,” says one expert.
White Collar Crime
Court Tosses Conviction of Ex-NY Assembly Speaker Silver
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Sheldon Silver obtained nearly $4 million for taking official actions that benefited others. His conviction was overturned in light of the U.S. Supreme Court ruling last year in the case of former Virginia Gov. Bob McDonnell that narrowed the definition of the kind of official conduct that can serve as the basis of a corruption prosecution.
White Collar Crime
MI Medicare Case Filed in New Health Fraud Crackdown
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Seven people were indicted accused of conspiring to defraud Medicare out of almost $132 million yesterday as a team of FBI agents raided their offices in Detroit.
White Collar Crime
Fraud Trial Begins in NYC for ‘Pharma Bro’ Shkreli
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Martin Shkreli, a pharmaceutical entrepreneur vilified for raising the price of a life-saving drug by 5,000 percent, faces trial for what federal prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran.
Technology
Fake Online Stores Conceal Gambling Transactions
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Reuters say says websites based in Europe that purport to sell such items as maps and flags are part of a multinational system to disguise payments for the $40 billion global online gambling industry.
White Collar Crime
Citigroup Subsidiary Admits Failure to Stop Money Laundering to Mexico
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Banamex USA has avoided prosecution by acknowledging its lack of oversight over more than $142 million in suspicious remittances between 2007-2012. But the fine imposed by the Justice Department last week amounted to little more than a “slap on the wrist,” says an analyst.
White Collar Crime
Trump Launching Commission to Investigate Voter Fraud
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The president has alleged, without providing evidence, that 3 to 5 million people voted illegally in his 2016 campaign against Democrat Hillary Clinton.
White Collar Crime
Ex-Mining Exec Criticizes Federal Prosecutors
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Don Blankenship of West Virginia’s Massey Energy finished a prison term and challenged his prosecution. He says his incarceration was unpleasant but “not horrible.”
White Collar Crime
Latest Business Crime Menace: Social Engineering Fraud
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Many businesses have had to deal with this new form of financial fraud. Criminals troll social media platforms or company websites to gather information that allows them to defraud the firms of money by posing as a vendor.