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White Collar Crimes

Recent Posts in White Collar Crimes Category

  • Fraud charges can affect others in an organization

    Individuals involved in running a business or organization with other people run the risk of being accused of wrongdoing when one of the owners or organizers is charged with fraud and other crimes. New Jersey charity organizers can learn a lesson from a recent case in which commission of a federal crime by one of two charity organizers could have had dire consequences for the other one. A ...
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  • New Jersey man facing fraud and money laundering charges

    A 67-year-old New Jersey man was taken into custody on March 16 on charges that he funneled more than $5 million from his payroll company in order to finance his lavish lifestyle. Prosecutors say that the man used the money to make investments, place a deposit on a Florida house worth $1.8 million and pay for cars, boats and aircraft. The man's attorney said in a statement that her client accepted ...
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  • Trump University accused of defrauding over 5,000 people

    Headlines in New Jersey newspapers might be full of campaign promises from presidential candidate Donald Trump, but former students of Trump University have accused him and his now-closed institution of fraud. The New York State attorney general plans to continue prosecuting the state's civil fraud case against Trump University now that it has survived a review by an appeals court. Although no ...
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  • Man gets prison sentence for stealing from company

    A New Jersey Superior Court judge sentenced a Berkeley Heights man to six years in prison on Feb. 26 after he was suspected of stealing more than $4 million from the three trucking companies where he was employed for eight years. The 54-year-old man was working from one of the company offices in Elizabeth. The three trucking companies the man was employed with were New England Motor Freight, ...
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  • Fundamentalist church sect leaders accused of food stamp fraud

    In New Jersey, many families depend on food assistance to get by. The system, however, can be vulnerable to fraud, and federal investigators have arrested 11 members of one branch of the Fundamentalist Church of Jesus Christ of Latter-Day Saints on charges of food stamp fraud and money laundering. The church leaders allegedly created an elaborate scheme to funnel food assistance funds from two of ...
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  • New Jersey doctor charged with fraud

    On Feb. 10, a New Jersey doctor was charged for billing Medicare and Medicaid for tests that were not actually performed. According to the complaint, the gynecologist allegedly billed both agencies for rectal tests between 2006 and 2011, none of which were conducted. The complaint also stated the doctor billed more than the next top 10 billers in the state. The prosecutors in the case interviewed ...
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  • CEO scorned for raising drug price charged with securities fraud

    New Jersey residents might find it interesting that Martin Shkreli, the pharmaceutical entrepreneur who sparked national outrage when he dramatically hiked the price of an infection-fighting drug, has been arrested for securities fraud. The 32-year-old was taken into custody at his swank Manhattan apartment on Dec. 17. The charges against Shkreli stem from his activities as CEO of the ...
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  • Bribery in New Jersey

    Bribery is widely known to have deleterious effects on the government and those people it serves. By putting the interests of private interests ahead of the public good, governmental objectivity is lost and society as a whole suffers. Any individual who attempts to influence the mechanism of the government of New Jersey by bribery may be subject to prosecution. This law applies equally to anyone ...
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  • First market spoofing conviction

    New Jersey residents who invest in the commodities market may be interested in learning that on Nov. 3, a man was convicted of spoofing, a form of commodities fraud. This was the first instance of this illegal practice to be prosecuted. "Spoofing" is a term that describes manipulating the stock market to fool other traders into thinking there is a high demand for the commodity. The convicted man ...
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  • New Jersey woman and parents found guilty of fraud

    On Oct. 31, it was reported that a New Jersey woman and her parents were convicted for being involved in a mortgage fraud scheme. The 37-year-old Cherry Hill woman and her parents were accused of defrauding vulnerable individuals who were trying to save their homes from foreclosure. The woman owned a financial service business and worked as a mortgage broker for a mortgage company while her father ...
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  • Federal prosecutors say BP oil spill claims were fraudulent

    New Jersey residents most likely remember the BP oil spill that occurred on April 20, 2010. The environmental disaster began when millions of barrels of oil spilled into the Gulf of Mexico after a rig blast. Now, seven individuals have been indicted by the Department of Justice for allegedly conspiring to submit false claims on behalf of people who were physically injured or suffered economic ...
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  • New Jersey used car dealer sent to prison for tax fraud

    According to Acting Attorney General John J. Hoffman, a Toms River man was sentenced to three years in prison on Oct. 16 for sales tax fraud after failing to remit more than $156,000 in sales tax to the state. The man reportedly pleaded guilty to second-degree failure to turn over New Jersey sales tax on July 14. The 58-year-old man was indicted in 2013 following an investigation by the Division ...
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  • The definition of extortion

    New Jersey resdidents may wonder what actions fall under the label of extortion. The crime of extortion occurs when a person compels another person to give them their property or money by threatening them. The person committing extortion may physically threaten the individual or others in the individual's life, or the threat may be one of exposure of information. A threat to harm an individual's ...
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  • Questions arise about new federal approach to white-collar crime

    New Jersey residents might not know that the Justice Department is making changes in an approach to crack down on white-collar criminal activity by corporations, but some believe the new DOJ policies are long overdue and are not enough to hold the responsible companies accountable. The problem with many alleged crimes committed by corporations is that individuals may be turned over for wrongdoing ...
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  • New Jersey doctor accused of tax fraud scheme

    On Aug. 25, a New Jersey doctor was taken into police custody after he was accused of fabricating a payroll in order to avoid paying taxes. He was essentially accused of falsely adding 28 people to a payroll in order to appear as if he was paying these employees. According to investigators, an accountant allegedly gave the doctor names, social security numbers and other pertinent information in ...
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  • New Jersey brothers plead guilty to insurance fraud

    Two New Jersey brothers pleaded guilty to an insurance fraud scheme on July 7. The brothers reportedly paid recruiters to bring in crash victims to chiropractic facilities that they owned. Additionally, the two brothers, ages 52 and 53, were accused of receiving kickbacks from a number of attorneys and certain medical providers after referring patients to those businesses. The April 2014 ...
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  • Woman sentenced to prison for bribing VA employee

    On July 13, a New Jersey woman was sentenced to spend 37 months in prison after she pleaded guilty to fraud charges in June. The woman was convicted for conspiracy to defraud the United States, bribing a public official and subscribing to false federal tax returns. According to prosecutors, the accused woman gave several bribes to a U.S. Department of Veterans Affairs employee in exchange for VA ...
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  • The "pump and dump" investment scam

    White collar crimes can take many different forms. New Jersey residents who are wondering whether an activity falls into this category need to understand how it is defined. One investment scam that frequently arises is referred to as a "pump and dump". This occurs when a person or group of people who are investing in a particular stock promote it enthusiastically. They then sell it when the price ...
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  • Charges filed following identity theft investigation

    Authorities in New Jersey announced on May 16 that a fraud and identity theft investigation lasting three weeks has led to criminal charges being filed against seven individuals. The five New Jersey residents and two New York residents are facing counts including theft, receiving stolen property and possessing identification documents with intent to commit fraud. The investigation was led by ...
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  • 3 college executives plead guilty to fraud charges

    On April 31, authorities announced that three college executives from New Jersey and New York pleaded guilty to fraud charges. The three executives worked at the Institute for Health Education and the Micropower Career Institute. Both of the schools are for-profit colleges. There have been no public statements about the fraud case offered by either of the two schools. According to a statement from ...
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  • New Jersey nurse sentenced for filing false health care claims

    A New Jersey woman was sentenced on May 1 for fraud involving health care claims over a two-year period. According to court documents in Freehold, the woman turned in fraudulent claims to Horizon Blue Cross and Blue Shield of New Jersey. The false claims totaled about $500,000. The 41-year-old woman, who is a resident of Middletown, was identified as a nurse registered with the state who was able ...
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  • Business owner facing health care fraud charges

    On April 20, a New Jersey woman pleaded guilty to several criminal counts related to an alleged health care fraud scheme. The 61-year-old Springfield resident, who owns a home health care agency, admitted that she was involved in a scheme to defraud Medicaid. According to prosecutors, the scheme resulted in $7 million in losses for Medicaid. At her court appearance, the accused woman admitted that ...
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  • New Jersey politician jailed for fraud

    The former mayor of Roselle was sentenced to 90 days in jail on April 10 after making false insurance claims after a hit-and-run accident. The accident had taken place in December 2010 after he crashed his mother's Lincoln Town Car into a parked vehicle after leaving a bar. He then left the scene of the accident before calling police to tell them that his car had been hit. His sentence was the ...
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  • Man enters guilty plea in $3 million fraud case

    A man in New Jersey recently plead guilty to one charge of mail fraud at a United States District Court in Newark. He operated a trucking and shipping company in Long Valley and admitted to sending fraudulent freight bills to an invoice processing company in Florida. Agents with the Federal Bureau of Investigation headed the inquiry into the alleged violations. The defendant was charged for ...
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  • Former NFL player accused of involvement in Ponzi scheme

    New Jersey football fans may be shocked to learn that, on April 7, it was reported that a former NFL cornerback was accused of being involved in a Ponzi scheme. According to the authorities, the former player, Will Allen, was accused of using cash given to them by clients to make payments to their investors. The Ponzi scheme allegedly ran from July 2012 to February 2015. The former player and his ...
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