» Fraud

Folder with close up on the word claims and a note where it is written under investigation - what is insurance fraud concept

What is Insurance Fraud?

Insurance fraud occurs when a person makes false claims to an insurance company to obtain money or something else of value they are not entitled to. Like other fraud crimes, there is no single form of insurance fraud, and insurance fraud charges appl… Read More
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Categories: Fraud
System hacked warning alert on notebook (Laptop) - suspicious activity report

What is a Suspicious Activity Report?

Suspicious Activity Reports (SARs) are part of the United States government’s ongoing efforts to target money laundering, fraud, and other financial crimes. Under the Bank Secrecy Act of 1970, financial institutions are required to report suspiciou… Read More
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Categories: Fraud, Government Fraud
A gavel rests on top of an open law book with the U.S. Supreme Court building in the background - Corruption Prosecutions concept

Supreme Court Reins in Wire Fraud and Honest Services / Corruption Prosecutions Yet Ag

In May, the US Supreme Court issued another in a string of decisions that limit prosecutors from expanding federal fraud prosecutions beyond the scope intended by the statute. In Ciminelli v. US, the US Supreme Court continued its trend of finding th… Read More
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Categories: Fraud
Arresting financial criminals - bond fraud concept

CEO Gets 44 Months for Massive Bond Fraud

Michael Hild, the founder and former CEO of Live Well Financial, Inc., was sentenced in January to 44 months in prison for his role in orchestrating a $200 million bond fraud scheme. Live Well was a Virginia-based company that handled government-guar… Read More
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Categories: Fraud
fraud concept - Sam Bankman-Fried

Sam Bankman-Fried Denies Fraud Charges

Sam Bankman-Fried, the 30-year-old co-founder of crypto-exchange FTX, was charged in December with multiple counts of securities fraud, wire fraud, conspiracy, money laundering, and violating campaign finance regulations. Federal prosecutors claim th… Read More
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Categories: Fraud
man holding basketball in front of NBA logo - nba healthcare fraud concept

Ex-Bulls Player Avoids Prison In NBA Healthcare Fraud Sentencing

In October 2022, a New York federal judge sentenced former Chicago Bulls forward Eddie Robinson to time served for submitting fake claims to the NBA’s health plan. One of his co-defendants, a former guard for the Boston Celtics, Terrence Williams,… Read More
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Categories: Fraud
Add-lister receipts - Accounting fraud defense concept

Defense for Accountants Facing Fraud Charges

Individuals and companies can both face criminal fraud charges. While companies charged with fraud face substantial fines, individuals accused of fraud could serve a lengthy prison sentence and face additional collateral consequences, including loss… Read More
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Categories: Fraud
EIDL Loan Fraud Concept

Can I Be Charged with EIDL Loan Fraud?

Congress passed the CARES Act in March of 2020, providing billions of dollars in economic relief to help American businesses cope with hardships caused by the COVID-19 pandemic. As part of the CARES Act, the Economic Injury Disaster Loan (EIDL) Progr… Read More
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Businessman Hand Touching Tax Button

False Statements on Tax Returns

Filing a False Tax Return in Violation of 26 U.S.C. §7206 Under 26 U.S.C. §7206, it is a felony to willfully make false statements on a tax return or willfully aid or assist someone in filing a false tax return. The penalty for violating the statut… Read More
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ppp loan

PPP Loan Fraud

The Department of Justice is cooperating with the FBI, the IRS, and the U.S. Small Business Administration Office of Inspector General (SBA-OIG) to aggressively target CARES Act fraud cases, and specifically cases involving PPP loan fraud. Prosecutor… Read More
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