Possible Career Implications of an Embezzlement Conviction
October 30, 2021
If you have been found guilty of embezzlement, you are likely facing a range of criminal consequences, including possible fines and jail time, as well as restitution. But once you have moved past this immediate period, you may wonder what the rest of your life looks like, including your career. Because embezzlement often occurs in […]
6 Most Common Examples of ITAR Violations
October 25, 2021
The International Traffic in Arms Regulations, known as ITAR, controls the import and export of any defense-related goods, technologies, and data as defined in the United States Munition List (USML). All parties involved in supply chains that relate to these goods must act in compliance with these laws, including manufacturers, distributors, or contractors. While these […]
Top 5 Most Common Penalties for Counterfeiting
October 23, 2021
It is a violation of U.S. federal law to either manufacture or use counterfeit money, and because of the serious nature of the crime, the punishment can be harsh. Counterfeiting charges are handled by the U.S. Secret Service Office and are considered federal felonies. While the exact penalties will depend on each crime, federal statutes […]
Can I Get My Belongings Back After an Asset Forfeiture?
September 28, 2021
Whether you are accused of a crime or involved in the proceedings, it is possible some of your personal property will be considered evidence and seized by the authorities. If this happens, you may wonder when and if you will ever see your property again. The answer to this depends on a number of factors, […]
Is Day Trading Legal?
September 27, 2021
Most financial advice will usually include investing in the stock market to gain returns on your funds. While it can be volatile, the stock market can be extremely lucrative for many people. One particularly risky route to the stock market is day trading, the act of rapidly buying and selling stocks throughout the day to […]
7 Things You Didn’t Know About Health Care Fraud
September 25, 2021
When someone uses lies, deceptions, or falsehoods during the filing of a healthcare claim, this is known as healthcare fraud. The goal is usually to get a payout or other benefit at the insurance provider’s expense, which can be committed by providers, patients, or insurers themselves. Depending on the exact scenario, health care fraud can […]
Indicted vs. Charged: What's the Difference?
September 24, 2021
When you are accused of a crime, a formal accusation has to be made in order to bring you to trial. You may hear the terms indicted and charged used to refer to this process but struggle to understand the difference between them. No matter what term is used, if you find yourself in the […]
What Does Money Laundering Mean?
September 15, 2021
Money laundering is a very serious financial crime, whether committed by a teenager on the street or by a white-collar financial manager. Money laundering is the process of taking money generated illegally and disguising it to make it appear as if it were earned through a legitimate source or business. The term comes from the […]
What Is a Ponzi Scheme?
September 14, 2021
You may have heard many businesses and organizations referred to as a Ponzi scheme, but what does that really mean? Ponzi schemes are essentially investment programs that are fraudulent and take advantage of investors. While this is obviously wrong, operating or knowingly participating in a Ponzi scheme is also a form of commodities fraud and […]
What’s the Difference Between Tax Avoidance and Tax Evasion?
September 10, 2021
While similar in name, tax evasion and tax avoidance are different in a big way. Tax evasion uses illegal means not to pay taxes. In contrast, tax avoidance uses legal means to lower the amount of taxable money on which an individual or organization owes. Tax evasion is an illegal activity in which an individual […]