Resources

Money laundering is a very serious financial crime, whether committed by a teenager on the street or by a white-collar financial manager. Money laundering is the process of taking money generated illegally and disguising it to make it appear as if it were earned through a legitimate source or business. The term comes from the [...]

You may have heard many businesses and organizations referred to as a Ponzi scheme, but what does that really mean? Ponzi schemes are essentially investment programs that are fraudulent and take advantage of investors. While this is obviously wrong, operating or knowingly participating in a Ponzi scheme is also a form of commodities fraud and [...]

While similar in name, tax evasion and tax avoidance are different in a big way. Tax evasion uses illegal means not to pay taxes. In contrast, tax avoidance uses legal means to lower the amount of taxable money on which an individual or organization owes. Tax evasion is an illegal activity in which an individual [...]

You may think that being charged with a federal crime will mean that the authorities come knocking down your door, causing a scene like you might see in a movie. While this can happen, it isn’t always the case, and it can sometimes be more difficult to determine if you have been charged with a [...]

Any fraud involving a bank is taken seriously by the federal government as it can impact financial institutions, which are regulated at the federal level. While this comes in many forms, an increasingly popular category is internet bank fraud, in which the fraud is carried out using the internet. If you are accused of these [...]

Defined in the United States Code Title 18 Section 1346, honest services fraud is a scheme or artifice to deprive another of the intangible right of honest services. This is a federal crime applied across the United States. However, this law can be interpreted in a number of ways, and the concept is not well [...]