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WhiteCollarCrimeCaseStudies.com

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.

Type of conduct: 
Securities fraud

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.

Type of conduct: 
Terrorist Support

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.

Type of conduct: 
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.

Type of conduct: 
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.

Type of conduct: 
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.

Type of conduct: 
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.

Type of conduct: 
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.

Type of conduct: 
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.

Type of conduct: 
Securities fraud

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