» Fraud
Criminal Penalties for Income Tax Fraud
November 30th, 2021
A person who is charged with federal income tax fraud may face both civil and criminal penalties. The severity of the penalties will vary based on the nature and extent of the fraud. Criminal penalties for federal income tax fraud can result in subst…
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Categories: Fraud
Third Circuit Decision Reverses Wilmington Bank Fraud Conviction
November 16th, 2021
In June 2021, the Third Circuit Federal Court of Appeals denied the prosecution’s request for rehearing on a case that reversed the convictions of four Wilmington Trust Corp. executives. The decision leaves in place a unanimous panel decision that…
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Categories: Fraud
US v. Weigand: Bank Fraud Conspiracy Scheme
October 15th, 2021
Defense Attorneys Seek Downward Departure from Federal Sentencing Guidelines Defendant Ruben Weigand was charged with conspiracy to commit bank fraud in violation of 18 U.S.C. §1349. He was charged with participating in a scheme to trick banks into…
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Categories: Fraud
Prosecution Rising in Coronavirus Relief Fraud Cases
September 27th, 2021
It has been over a year since Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which authorized forgivable small business loans through the Payroll Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) p…
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Categories: Fraud
Tax Evasion Issues Arising as Bitcoin and Other Cryptocurrencies Grow in Popularity
September 13th, 2021
The increasing popularity of cryptocurrencies like Bitcoin and Ethereum has prompted the IRS, Department of Justice (DOJ), and other government agencies to aggressively investigate and prosecute people who use digital assets to commit crypto tax frau…
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Categories: Fraud
Sandell Settlement Will Likely Encourage States to Allow Recovery of Taxes Under False Claims Act
July 28th, 2021
On March 2, 2021, the New York Attorney General announced a $105 million settlement against a New York City hedge fund manager and his firm for alleged tax evasion. The claim was filed by a whistleblower client under the New York False Claims Act and…
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The Facts of the McAfee Cryptocurrency Fraud Case
July 8th, 2021
In March, software innovator John McAfee and his bodyguard, a decorated former-Navy Seal named Jimmy Gale Watson, Jr., pled Not Guilty to federal criminal charges in New York federal court. The pair face charges of fraud, conspiracy, and money launde…
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Categories: Fraud
Van Buren v. United States: Felony Violation of the Computer Fraud and Abuse Act of 1986 (CFAA)
July 7th, 2021
Van Buren v. United States was the Supreme Court’s first opinion interpreting the Computer Fraud and Abuse Act (CFAA) of 1986. Originally drafted as an anti-hacking statute, the Act prohibits people from accessing computers or computer systems “w…
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Categories: Fraud
US v. Nora: Conspiracy to Commit Healthcare Fraud
June 10th, 2021
Jonathan Nora was convicted of conspiracy to commit healthcare fraud, conspiracy to pay or receive illegal healthcare kickbacks, and aiding and abetting healthcare fraud. He appealed to the Fifth Circuit Court of Appeals, claiming his convictions wer…
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Categories: Fraud
Second Circuit Upholds Convictions in Recruiting Fraud Case
April 14th, 2021
In the January 2021 decision of United States v. Gatto, the Second Circuit Court of Appeals upheld the convictions of three men who were found guilty of fraud for funneling secret payments from Adidas to the families of top college basketball recruit…
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