“OPERATION SPINAL CAP” Many people think of crimes as acts of violence that causes harm to others, but there is probably just as much harm done by white-collar criminals—and sometimes these criminals are even wearing a white coat. Consider the scheme involving numerous doctors, hospital administrators (including a hospital CEO…
WHITE-COLLAR CRIME: MISREPORTING IN ORDER TO AVOID TAXES OR INSURANCE PREMIUMS Sometimes the cost of doing business in California gives a business owner reason to consider whether it’s worth it at all. Between taxes, insurance costs and various fees, the cost of doing business in some professions can be…
What is Embezzlement? Embezzlement is what is considered a “White Collar Crime” which occurs when someone steals property or money from another who has entrusted that person to manage or monitor his or her money or property. One element of the crime is that the defendant had legal access but…
White collar crime involves illegal activity that is done for the sole purpose of financial gain to the individual being accused and typically takes place in a businesses or corporation. It doesn’t matter whether the business is a small, “mom and pop” business or a large corporation. Any theft of…
White Collar crimes are crimes that usually occur in a business setting. They are non-violent crimes that involve money, fraud and dishonesty. The deliberate deception for unlawful gain. Usually, someone who has been charged with this type of crime does not have a criminal history. They are doctors, CEO’s of…
A Yorba Linda, California man is under fire from the Securities and Exchange Commission after an investigation revealed what appeared to be a Ponzi-like scheme to defraud investors while paying off older investors. Matthew Jennings, 39, a resident of Yorba Linda, California, a pleasant suburb of Orange County, is looking…
You can’t steal this much money and be stupid, can you? Apparently, Kathy Chen thought so. Now, not so much. Chen was arrested recently for buying 35 properties using stolen names or likely paying people to use their identity to get loans. The total amount of fraud? 17.5 million dollars.…
The Securities and Exchange Commission today charged Irvine-based Brookstreet Securities and it’s CEO, Stanley Brooks with Fraud, alleging they sold risky mortgage-backed securities to investors and failed to inform them properly of the risks. These types of investment vehicles are at the heart of the collapse of the U.S. and…
Margot Jean Strawn was a former accountant and trustee to the Pellissier family. She was in charge of managing trust funds for two children of the family. Over a six year period, Strawn stole more than $500,000 from the fund to buy herself a doll collection. She would write personal…