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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: 

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
Case Summary: 

Valery BOGOMOLNY, 44, (male) of Westwood, Los Angeles, has been convicted of multiple counts of healthcare fraud, sentenced to five years jail and ordered to pay more than USD1.2 million in compensation. At its heart, the case is a documents fraud.

Healthcare / Medicare fraud
Editorial Staff
Case Summary: 

Nikolai Tehin was an immigrant to the USA from Russia. He found ways to pay his own way through the long and expensive process of qualifying as a lawyer. For more than 30 years, he represented a wide range of clients and enjoyed the rewards, including a house worth some USD8 million in 2004, a 73-foot yacht and a number of expensive cars. But he funded his lifestyle from illegally dipping into clients' funds.

Fiduciary fraud
Editorial Staff
Case Summary: 

Gilbert G. Lundstrom of Lincoln, Nebraska, USA is 74 years old. He's been sentenced to 11 years in jail for his part in a scheme to hide more than USD100 million in losses from shareholders and investors in TierOne bank. He's also been fined USD1.2 million.

Corporate fraud
Editorial Staff
Case Summary: 

A 46 year old lawyer from Newport Beach, California, defrauded his clients of USD8 million. He has been sentenced to just over five years in jail.

Ponzi / Pyramid fraud
CoNet Administrator
Case Summary: 

An office manager with a distributor of retail goods has been convicted of embezzling more than USD300,000 from her employer. Her methods were simple and her cover-up classic.

Embezzlement
Editorial Staff
Case Summary: 

On 4th January 2016, Hovik Simitian, 48, of Los Angeles, pleaded guilty to one count of conspiracy to commit healthcare fraud. His actions were in concert with others and were examples of a long-running type of fraud that has long afflicted the healthcare system.

Healthcare / Medicare fraud
Editorial Staff
Case Summary: 

Mark Anthony McGovern (49) was convicted of tax evasion in 2008 but before he was sentenced he told the Judge he was unprepared to go to jail, that he found the idea upsetting and frightening.

So he ran away.

Tax fraud / evasion
CoNet Administrator

Case Summary: 

For almost four years, nearly every day was a good day at the office for Nicholas Cosmo. Until someone noticed he wasn't authorised to conduct the trades that made the money.

Securities fraud
World Money Laundering Report

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