Guide To Federal White Collar Crimes in New York City
White collar crime is an extremely broad and complex area. If you are accused of a New Jersey white collar crime offense, including any fraud or business crime, it is in your best benefit to discuss your case with a New Jersey white collar defense attorney as soon as possible. We are here to defend New Jersey white collar crimes defendants and we will be happy to talk to you about your case.
Business Crime - Financial Institution Fraud
Financial institution fraud is a general term that includes a variety of offenses which may be prosecuted under both federal and state laws. It is the core of all white collar offenses prosecuted in the United States. In most such cases, the federal criminal statutes may preempt state statutes. In fact, most financial fraud offenses are prosecuted at the federal level in the U.S. district courts, although states prosecute financial fraud at an increasing rate.
The most common financial institution fraud offenses are:
Misapplication, 18 U.S.C. §§ 656, 657 click here to read more
Embezzlement, 18 U.S.C. §§ 656, 657 click here to read more
False Entries in Financial Institution or Holding Company Records, 18 U.S.C. §§ 1005, 1006 click here to read more
Bribery, 18 U.S.C. § 215 click here to read more
Bank Fraud, 18 U.S.C. § 1344 click here to read more
False Statements Used to Procure Loans click here to read more
Check ''Kiting'' and ''Float'' Schemes click here to read more
Personal Loan to Bank Officer at Preferential Rate of Interest click here to read more
Computer Fraud click here to read more
Money Laundering
Several federal statutes address money laundering, among them the Currency and Foreign Transactions Reporting Act (''CFTRA''), also known as the Bank Secrecy Act, the Money Laundering Control Act of 1986, and other statutes, such as the 1992 Anti-Money Laundering Act, the 1994 Money Laundering Suppression Act, and the Money Laundering and Financial Crimes Strategy Act of 1998. Click here to read more.
Fraud in the Health Care Industry
There are several federal criminal statutes that address fraud in the Federal Health Care Program
A federal health care program is any program that provides health benefits, which is funded in any way and to any degree by the United States Government, which includes any state program that receives federal funds. Click here to read more.
Tax Crimes
Tax evasion and other tax crimes are among the most commonly prosecuted federal offenses. Tax crimes are prosecuted under chapter 75 of the IRS Code of 1986, as well as some non-tax specific criminal statutes of Title 18 of the U.S. Code such as aiding and abetting, false claims, conspiracy, false statements and mail fraud. Click here to read more.
Mail and Wire Fraud
Mail and Wire Fraud Statutes are use extensively to prosecute a wide array of fraud crimes. Click here to read more about what these statutes are and how they are applied.
Insurance Fraud
There are several different types of conduct that form the basis for most insurance fraud prosecutions. Perhaps the most common involves fraudulent claims involving automobiles accidents. Another front-runner is arson and destruction of property by owners for the purpose of collecting insurance. In some large urban areas, such as the New York Metropolitan area, faking personal injuries and fraudulent medical billing are common. The carriers and the federal agencies such as the FBI regularly investigate insurance crimes. Federal indictments and convictions are regularly handed down in insurance fraud cases.
Many states have criminal statutes addressing insurance fraud, but, except arson, there is no federal statute prohibiting insurance fraud comparable to the state statutes. In insurance fraud cases, federal prosecutors use statutes such as mail fraud and wire fraud, RICO and the Travel Act.
Hobbs Act and Travel Act
The Government uses the Hobbs Act and Travel Act to combat business crime. The statutes apply to certain practices such as extortion and moving in and the use of interstate commerce in furtherance of illegal activities. Click here to read more.
