Information on White Collar Crimes

White-collar crimes once referred to illegal acts committed by business people in the course of their employment. However, now any non-violent and sophisticated economic crime would qualify as a white-collar crime. As a rule, white-collar crimes verlap with corporate crime because the opportunity for fraud, bribery, insider trading, embezzlement, computer crime, and forgery is more available to white-collar employees.

White-collar crimes are usually associated with business and do not involve violence or bodily injury to another person. Those crimes generally associated with lending institutions which involve bank fraud, such as making false statements to obtain a loan, filing false reports or returns with government agencies, embezzlement, using the mail or wire communications to defraud, and paying or accepting bribes are considered to be white-collar crimes.

Depending upon whether state or federal laws have been violated, white collar crime may be prosecuted in state or federal courts. The penalties for such crimes usually vary, but in some cases they may be as severe as those prescribed for violent crimes. In any case it is wise to talk with an attorney before answering any questions, if you are questioned by a law enforcement officer or another governmental agent about possible criminal conduct.

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Law Enforcement Articles – Factors Inhibiting Confessions

When we interview someone, we must take into consideration the factors which may prevent, or at least hinder, obtaining an admission and/or confession.

Without addressing the basic reasons that someone is denying involvement or knowledge, our efforts will surely fail.

Remember, the people we are interviewing have generalized fears and some very specific fears about the interview process.

They may have the following fears:

o Fears concerning legal sanctions and the fear of “getting a criminal record” for 1st time offenders.

This fear is prevalent in inexperienced offenders and those who are na├»ve regarding the criminal justice system. It is exacerbated by the current trend to publish suspect’s names and photos in the newspapers of America.

o Concern about one’s reputation or standing in the community (may be especially important in publicized or sensitive cases such as Child Abuse, Rape, Embezzlement).

This also is a very real fear when someone may lose professional licenses or privileges as a result of confessing (Doctor, Lawyer, Teacher, Nurse, etc).

This is a very real fear which needs to be addressed before any meaningful communication is achieved with the suspect.

Typically, the interviewer needs to emphasize the need to “do the right thing” and “tell the truth” while minimizing the consequences.

o Not wanting to admit to oneself what they have done – known as self-denial.

Denial is a huge impediment to obtaining a confession. People simply don’t see themselves as capable of doing “bad” acts and equate admissions of involvement as admissions that they are ‘bad” people.

A very effective tactic for the interviewer is to contrast the act with the person. In other words, “you did a bad thing, you aren’t a bad person.”

o Embarrassment in front of friends and family.

This is a lot like self-denial, only it involves standing in a family/friend situation.

Assure the person to be interviewed that true friends and family will stand by someone who makes a mistake, as long as they admit the mistake.

o Fear of rejection and not wanting to hurt loved ones.

o Fear of retaliation – especially prevalent in drug cases and gang-related cases, where fear is actual, not theoretical.

It is possible that interviewees may be in extreme physical danger if they cooperate with the
It is beneficial to point out that they may be viewed as a “snitch” just because they are being interviewed, regardless of what they tell you. In other words, it may already be too late, so they may as well cooperate to ensure that the person they are afraid of ends up in jail.

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Understanding Business Or Personal Embezzlement

Every year countless individuals and companies find themselves in a quandary that is the direct result of embezzlement. The truth is, any company or person that deals with large sums of money on a day-to-day basis does in fact run the risk of such money being stolen or having it improperly used. If you are a business owner this can result in a loss of revenue for your company and could end up tarnishing your reputation.

The moment you discover that such a theft has taken place, you must immediately contact a professional lawyer in order to ensure that you are capable of getting back that which was stolen from you. If you neglect to do this, you are simply opening the doors for future thefts to take place.

What Exactly Is Embezzlement?

Embezzlement is easy to understand. In short, embezzlement occurs when an individual who has access to funds or property that is not their own, steals from the funds and attempts to pass off the remaining revenue as the only revenue there was from the onset. A person who is involved in embezzlement generally does it over a prolonged period of time. They steal small amounts of money so that it is not noticed by the company or individual that this money or property actually belongs to.

Regardless of the nature or specifics of such an event this is a crime that is punishable under the law.

What To Do If I Discover Embezzlement?

If at any time you believe that money is being laundered from your company or you notice discrepancies in accounting, you must report these findings to a superior. If you believe that your superior is involved in the laundering then you will of course want to take the matter to a person who oversees your immediate superior.

You can also contact a lawyer or the authorities in order to ensure that the matter is taken care of quickly and effectively according to the law. You cannot sit idly by and let a person get away with this type of crime. Even if you are unsure whether or not a crime has taken place, it is better to make your case upfront so that your conscience is free and so that you can’t be held accountable for knowing that a crime did in fact exist.

If you have been accused of embezzlement you will want to immediately seek out and obtain the services of a professional lawyer who specializes in this type of crime. It is very important that you have an expert on your side so that you can be certain that your life and well-being are protected effectively and professionally.

The worst thing you can do is nothing.

Laws Protecting Elder Financial Fraud Must Come With Stiff Penalties To Do Any Good

Everybody is worried about cyber attacks, identity theft, and hackers when it comes to their personal finances. Many senior citizens are so afraid that they will not do online banking, and they don’t even want to file their tax returns over the Internet. The IRS prefers online filing because they would rather have everything in a digital format, who can blame them, it cuts down on their administration costs, and it keeps everything very simple. That is of course until something goes wrong, something like identity theft and financial fraud.

Don’t think it can’t happen, it happens all the time. For instance, there was an interesting article in the Boston Business Journal on January 14, 2013 titled; “Citizens Bank teller could do 30 years for embezzling from elderly victims,” where a teller reportedly stole some $375,000 from three elderly bank customers. What is so unfortunate is that this is far too common a problem. What usually occurs is there is basically an inside job. The teller collects the information from the senior citizen when they make a deposit; their signature, bank account number, and all their information. They may even know how often they make deposits and withdrawals. They also know how much money is in the account.

Next, the bank teller slips this information to a friend who then carries out the fraud or identity theft by coming into the bank, cashing a large check, or creating a fake check or using information from the senior citizen’s online banking or ATM pin code. It often happens that seniors may not even know they’ve been ripped off for many months. This makes it even harder to catch the thieves because by the time the bank finds out or someone doing the accounting or tax return for the senior citizen notices something is missing, it is months after the fact.

By then the thieves are long gone, along with all of the elderly person’s money. Luckily, we have stiff penalties for those who would rip-off senior citizens, and that’s a good thing. Of course, this is only one way that seniors are ripped off every day, many of the other ways involve much more elaborate schemes, and some of those take years for anyone to ever catch. If you know of someone who may have been ripped off, someone who is a senior citizen, there are all sorts of local, regional, and federal authorities you can contact. It’s up to all of us to look out for our senior citizens.