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WhiteCollarCrimeCaseStudies.com

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

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

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

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

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

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

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

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

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

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