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WhiteCollarCrimeCaseStudies.com

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

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