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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: 

Heon-Cheol Chi, 59, of South Korea, has been convicted of money laundering using a bank account in the USA in connection with bribes received in relation to his work as director of South Korea's Earthquake Research Centre, a division of the Korea Institute of Geoscience and Mineral Resources (KIGAM).

Corruption
World Money Laundering Report

Case Summary: 

Americans Rodney Hesson, 47, and his mother, Gertrude Parker, 63, together owned eight psychological services companies that operated in Louisiana, Mississippi, Florida, and Alabama. Hesson's companies operated as Nursing Home Psychological Services, and Parker's companies operated as Psychological Care Services.They were part of a 2015 sweep that netted more than 240 medical professionals.

Healthcare / Medicare fraud
World Money Laundering Report

Case Summary: 

Two men in the USA claimed to run a fund trading in gold option in Japan. The scammed friends for almost three million dollars, which, on conviction, one of them has been ordered to repay in full.

Securities fraud
World Money Laundering Report

Case Summary: 

The defendant, an Uzbek national in the USA, was sentenced to 25 years in federal prison for conspiring and attempting to provide material support to a designated foreign terrorist organization and possessing an unregistered destructive device.

Terrorist Support
World Money Laundering Report

Case Summary: 

It might seem an unlikely financial crime but in effect that's what it was: a scheme to get free sex from prostitutes by means of fraud. Prosecutors stopped short of charging him with rape (although his actions arguably negated the consent the women gave) but did charge him with obtaining sex by coercion. But that was only one of his charges.

Other financial crime
World Money Laundering Report

Case Summary: 

The owner of a laboratory will be jailed after pleading guilty to defrauding insurance companies for medical tests that were never performed in a fraud that depended on duping multiple people.

Healthcare / Medicare fraud
World Money Laundering Report

Case Summary: 

The music industry is littered with artists who end up poor because their managers ran away with the money they earned, or didn't properly account for it, or added in personal or corporate expenses as chargebacks. Luckily, none of the clients of the latest accountant / manager to get caught has ended up sleeping on a dirty mattress or not having enough to eat as has happened to others in the same position. But none of that is the most interesting thing about this case.

Embezzlement
World Money Laundering Report

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: 

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

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