What Is Predatory Lending In New York?

March 8, 2012

Predatory lending refers to the practice of dispensing loans at high interest rates or unfair terms, usually with collateral from the victim.  These loans are designed to be difficult, if not impossible to repay, effectively separating the victim from their collateral. In some cases, the predatory lending may be a form of loan sharking that [...]

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What Is The Misappropriation Theory In Relation To Insider Trading?

March 8, 2012

The misappropriation theory is an often overlooked aspect of insider trading that involves using information intended for reporting and financial news for investing advice.  This is a common concern for journalists and other analysts that might receive news of major investing moves before it becomes known to the general public. When determining if an action [...]

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When Is It A Crime To Use Insider Information In Trading?

March 8, 2012

Insider information refers to gossip and other information that while technically not public is generally known and difficult to trace to a source.  Those that pass insider information are not engaging in insider trading but the information they release might induce others to buy or sell an investment based on the knowledge that had been [...]

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What Is Criminal Knowing Endangerment?

February 15, 2012

Criminal knowing endangerment is the term used by the federal government to describe companies and entities that violate environmental regulations and release harmful substances into the environment.  Alternatively, criminal knowing endangerment can consist of knowingly placing employees in dangerous conditions without proper training and notice of the conditions they are dealing with. Compliance with federal [...]

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Government Investigation On Hedge Fund Scams

February 15, 2012

With the impressive rise of hedge fund opportunities available to investors, some white collar professionals with advanced knowledge of the financial system have found says to defraud existing hedge funds by selling them fraudulent and fictitious investments.  Convincing hedge funds to buy these phony investments involves an elaborate ruse, such as creating a false company, [...]

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What Is The Criminal Liability For Ignoring Asbestos Regulations?

February 15, 2012

Asbestos, previously a miracle material used to insulate and fireproof buildings and other structures has been found to cause deeply painful cancers of the lungs.  This of course has led to a bumper crop of mesothelioma law firms and litigations filed against former employers and building owners.  Alongside this glut of civil legal action, individuals [...]

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How Can An Accountant Commit Fraud In New York?

February 9, 2012

Accountants, by virtue of having access to a client’s financial records and some degree of control over their finances can perpetrate long term fraud by misappropriating funds through creative bookkeeping.  This form of dishonesty can be hard to detect as the financial statements will not overtly reflect the misappropriation. Accounting fraud will disguise the diversion [...]

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What Is Hard Insurance Fraud?

February 3, 2012

Falsifying an insurance claim is a serious offense and it does not matter how long you’ve paid your insurance premiums or your motivations for perpetrating such a scheme.  Not only will you face harsh legal penalties for fraud, but any doctors, car mechanics, and other complicit persons will be charged as well. The law does [...]

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Can Altering A Check Be A Federal Crime?

February 2, 2012

YES. It seems like an innocuous crime, adding zeros to a legitimate check and then cashing that check.  Of course, this is not just a dishonest act, but also a crime.  You may not know however, that this constitutes bank fraud and will subject the person tampering with the check to federal prosecution.  The bank [...]

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How Does The Securities Exchange Commissions (SEC) Investigate Hedge Fund Fraud?

February 2, 2012

After the financial crisis in 2008, there has been increasing government scrutiny on hedge fund fraud in the US markets. In response to combat hedge fund fraud, the SEC has implemented a new computer system that specializes in screening for fraudulent activities such as falsified track records, false financial statements to its investors, and false [...]

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