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WhiteCollarCrimeCaseStudies.com

A library of case studies relating to many forms of white collar crime ranging from money laundering to terrorist financing, from bribery and corruption to tax evasion, healthcare, benefits and insurance fraud and many more.

Case Summary: 

A mayor of a small American town took bribes from a contractor who did business with the town. The contractor escaped prosecution.

Corruption
World Money Laundering Report

Case Summary: 

We even had difficulty deciding which section to put this case in: is it a Ponzi scheme? Well, sort of. Is it an investment fraud? Perhaps. Is it a document fraud, a "wire fraud" or accounting fraud? How about operating an unlicensed securities business, or an unlicensed investment business? One thing is certain: as soon as he claimed to have a "proprietary trading program," his victims should have run away.

Ponzi / Pyramid fraud
World Money Laundering Report

Case Summary: 

For an introduction to this case, and some of the matters arising, see "A gem of a financial crime".

Consumer fraud
Editorial Staff

Case Summary: 

An officer with US Customs and Border Protection was engaged to check incoming and outgoing international mail for breaches of various laws. That was a golden opportunity for a criminal.

Other financial crime
World Money Laundering Report

Case Summary: 

An employee of a securities company placed orders relating to contracts for difference to gain an advantage for two clients at the expense of his employer.

Securities fraud
World Money Laundering Report

Case Summary: 

Intra-community crime is a particular problem amongst migrant groups who trust those of a similar background who have already arrived and, seemingly, made some success in their chosen destination. All too often, unfortunately, the new arrivals fall into the hands of fraudsters and, even, organised crime gangs. In California, where Mexicans are a significant immigrant group, the pickings can be lucrative. But they don't always get away with it.

Consumer fraud
World Money Laundering Report

Case Summary: 

In February 2017, a director of a public company in Australia was convicted of embezzling AUD8.6 million and sentenced to jail for ten years with an order that he serve at least six years.

Embezzlement
World Money Laundering Report
Case Summary: 

A former "Home Finance Manager" (mortgage salesman) with a bank was jailed for three years after pleading guilty to abusing his position to make a dishonest gain for himself and others. He submitted for approval fraudulent applications, knowing they were untrue, for applicants to borrow money that they would then "invest" in a developer with which he had a connection.

Consumer fraud
World Money Laundering Report
Case Summary: 

In February, 2017 James Michael Farrell, age 63, of Wenonah, New Jersey, USA was convicted of money laundering, witness tampering, and obstruction of official proceedings, related to his activities on behalf of members of an extensive drug trafficking operation. The case is important because part of relates to the use of proceeds of criminal conduct being used for the payment of defence lawyer's fees.

Money Laundering
World Money Laundering Report
Case Summary: 

Edward Majerczyk, 29, of Chicago, has been sentenced to nine months in a US Federal jail after pleading guilty to "a phishing scheme that gave him illegal access to over 300 Apple iCloud and Gmail accounts, including those belonging to members of the entertainment industry in Los Angeles."

Computer crime
World Money Laundering Report
Case Summary: 

Right from the days of snake oil potions and the Carbolic Smokeball Company, charlatans have sold fake pharma to the gullible and the desperate. Amongst the most desperate, and the most gullible, are those who believed the claims by a company that it had a herbal preparation that increased length and girth of the penis and increased sexual performance. As a herbal preparation, the product sidestepped US Food and Drug Administration approval. Thousands of customers who paid a substantial amount for the tablets complained they did not work as advertised, or at all. The Department of Justice and other agencies had to take a look.

Money Laundering
World Money Laundering Report
Case Summary: 

After pleading guilty to operating a Ponzi-style fraud based upon supposed returns from real estate investments, a Californian man has been jailed for six and a half years.

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Ponzi / Pyramid fraud
Editorial Staff
Case Summary: 

54 year old Richard Kingston was convicted of destroying evidence in a case investigated by the UK's Serious Fraud Office. Kingston was under investigation in connection with offences relating to suspected bribery.

Computer crime
Editorial Staff
Case Summary: 

A man has been convicted of bankruptcy fraud after a five-year scheme that used fraudulent bankruptcy petitions to bring him a return of approximately USD3 million.

Insolvency offences
Editorial Staff
Case Summary: 

Carl A Kemp described himself as a "lobbyist". The 43 year old lived in Long Beach California where he once stood for the city council. He ran a consultancy which promoted the interests of "head shops," that is illegal suppliers of marijuana who have public premises and don't do deals on street corners or stinky toilets at festivals. Many of them claim there is a constitutional right to consume marijuana and therefore there can be no offence of supply, others claim medicinal purposes. The reality under the law is simple: in California, the trade is illegal. Therefore the profits are illegal. And from there a chain of illegality begins.

Tax fraud / evasion
Editorial Staff

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