Even the most seasoned trader can end up on the wrong side of the law. Characterized by intentional misrepresentation of investment information or decisions, securities fraud is a serious federal offense with far-reaching legal and personal implications if you are...
Fraud is a serious offense in New York. Depending on the severity of the fraud charge in question, a conviction can not only earn you prison time but a ruined reputation as well. But mistakes happen, and it is not uncommon for a misunderstanding to result in a false...
Most frauds are “inside jobs.” Fraud can come in the form of an employee stealing their employer’s cash, equipment, inventory or even intellectual property. It can also be more sophisticated – like manipulating the payroll, soliciting bribery and kickbacks and forging...
Bankruptcy, at its very basic, is when a debtor is declared insolvent either on their own accord or by their creditor. Bankruptcy can offer immense relief when you are struggling with debt. However, while bankruptcy offers a great start when you are unable to pay your...
Many people use the terms tax fraud and tax negligence interchangeably; however, they are used to describe different situations. As a taxpayer, it’s important to know the difference in these terms. After all, crimes related to the IRS and taxes are serious and come...
People in just about any kind of business who have the responsibility for deciding who is awarded a contract or gets a lucrative business deal can find themselves being offered a kickback. Basically, a kickback is a bribe. How does this apply to doctors? It’s illegal...
When an investigation is required within your company, do you do it internally or hire an outside firm to conduct an external investigation? Which is the better option depends on a number of factors and the specific people and activities being investigated. You need...
If you weren’t in the business world twenty years ago when the Sarbanes-Oxley (SOX) Act became law. You may not realize the impact it had on the way publicly held American companies report their financial information. The law was passed after a number of high-profile...
Having a strong ethical culture is very important to your company. It influences the perception customers, employees, and stakeholders have about the company while also ensuring effective compliance risk management. Developing an ethical workplace policy may take...
The government takes all forms of financial institution fraud quite seriously. One of the illegal actions that falls into this category is mortgage fraud. While it can take several forms, at its core it involves misrepresenting financial records or omitting facts in...