The Racketeer Influenced and Corrupt Organization Act was specifically passed to deal with organized crime. If a person in South Carolina is charged in association with violating the RICO Act, it generally indicates that authorities believe the person was aware of the nature of a conspiracy, that the conspiracy involved others and that the person was willing to commit two or more acts of racketeering. The person does not need to know the extent of the conspiracy to face charges.
South Carolina residents can be charged with a number of white collar crimes. One of the most common is identity theft. This occurs when someone illegally obtains an individual's personal data and uses it to commit fraud, usually for financial gain or to get credit.
Moving forward, the Justice Department will consider executive liability during every single federal investigation into corporate wrongdoing. This policy change became public during a Maryland conference on bribery and embezzlement. The new policy builds on the Obama administration's initiative to hold more individuals responsible for white-collar crime and insider trading. These announced changes may well affect the fate of criminal defendants in South Carolina.
A man who owned a South Carolina counseling service was sentenced to five years in prison on charges of Medicaid fraud in November 2019. The 38-year-old man owned New Dominion Community Services, which operated offices in Greenville, Anderson and Richland counties. The service was an approved provider under South Carolina's Medicaid program. However, in addition to claims for legitimate services, the man reportedly submitted false claims between 2015 and 2017 for counseling services that were never provided, receiving $400,000 in unearned Medicaid reimbursements from the program.
There is no shortage of South Carolina companies out there that promote the chance to earn immediate income and acquire residual wealth by following a proven formula. Sometimes, however, if the opportunity seems too great to be true, it just may be. That's why investors and consumers should be aware of some signs that an enterprise may be fraudulent.
White-collar crime prosecutions may be on the rise as several federal law enforcement agencies emphasized their use of new, broad tools to detect what they allege to be an upswing in financial fraud. Online money transfers and other technologies allow funds to be passed quickly and easily, often with little record of who received these funds at the other end, said officials from the Department of Justice, the Federal Bureau of Investigation and the Securities and Exchange Commission. In particular, they highlighted the rising interest in cryptocurrencies as a hotbed for fraud and problematic transactions.
A woman who was contracted to do work for a South Carolina organization gave the FBI a laptop that happened to be filled with incriminating information against the group. Data on the computer included counterfeit documents and other tools to illegally make money. As a result, federal authorities built a case against the insular organization, known as the Irish Travelers, leading to federal charges for dozens of its members. The group lives in an Aiken-North Augusta community called Murphy Village.
Football fans in South Carolina may be more familiar with Mychal Kendricks on the field than in dealing with investment matters, but the Cleveland Browns player was charged with insider trading by federal prosecutors. After the U.S. Attorney's office announced the charges on August 29, the Browns released the linebacker despite signing him to a one-year contract just months ago in June. Kendricks is accused of making around $1.2 million in profits on investments four years ago due to illegal insider information.
In South Carolina, the chief of the Asbury-Rehoboth Volunteer Fire Department in Cherokee County and his wife, who served as the department's treasurer, were taken into custody for stealing money from the department. The couple was charged with the embezzlement of tens of thousands of dollars.
On June 27, it was reported that a South Carolina man pleaded guilty in federal court to fraud charges. The 70-year-old Lowcountry man had reportedly falsely claimed to be a Vietnam military veteran.