Fraud happens when one person deceives another for their own gain. Fraud can take multiple forms, including forging documents or signatures, writing a bad check, making a false insurance claim or using another person’s identity or credit card without their consent. ...
White Collar Crimes
2 groups of people are at elevated risk of mortgage fraud charges
Financial fraud comes in many forms. Mortgage fraud is arguably one of the most common. After all, many parties benefit from a successful real estate transaction, meaning that different people in a transaction have an incentive to influence it fraudulently. What two...
Medicare fraud is neither victimless nor an ignorable crime
Health care fraud or health insurance fraud is not like violent crime. It doesn't leave someone traumatized and doesn't damage property. Some people think of it as a form of victimless crime, but that simply isn't the truth. Every individual and business that pays...
Know the difference between tax evasion and tax avoidance
The Internal Revenue Service (IRS) is one agency that no one in South Carolina or another state ever wants to hear from. The mere thought of getting a letter from the IRS makes most people nervous. If you file your taxes correctly and on time, odds are that you won’t...
What is embezzlement?
The key difference between embezzlement and other forms of theft is that you had the right to have the thing you are accused of stealing in the first place. That is what can make it an even more serious crime in some judge’s eyes. Someone trusted you with their...
What seems like a smart billing move could lead to fraud charges
A lot of medical insurance fraud actually involves health care providers and not individual recipients. Both medical professionals and the team that supports them can make mistakes or engage in certain practices that constitute insurance fraud. Those with professional...
Why your dream finance job might mark the end of your career
If you work in accounts or other forms of finance, you can gain prestige by working for one of the Fortune 500 companies. In short: For many, it's a dream job. However, according to a recent study, working for one of these companies could make it more likely that your...
Selling gift cards could lead to money laundering charges
Gift cards are incredibly popular. They can let someone make a purchase without alerting their spouse, making it easier to arrange for a surprise birthday present. They make convenient and exciting holiday and birthday presents for people of all ages. Even school-aged...
Why is insider trading illegal?
Insider trading is illegal. You’ve likely heard stories of even very famous individuals getting caught and jailed due to this practice. The issue is that it may feel like what you’re doing is fine and within-bounds until the authorities come knocking. How insider...
Medical professionals, not patients, commit most insurance fraud
As an employee in a medical office, you are probably always on the lookout for fraud. You want to make sure that people give accurate information about themselves and their insurance policy. You may be so busy scrutinizing the behavior of clients that you never...