Over the past decade, political sentiment towards corporations has turned largely negative, leading to increasing scrutinity of corporations and executives by the government and various regulatory agencies. As a result of a small mistake, you may find yourself facing unfair fraud and abuse allegations.
Although white collar crimes are typically non-violent, they nonetheless are considered especially grave by the government and may carry with them serious repercussions.
Securities and Accounting Fraud
As a broker, you may find yourself accused of reporting violations, financial fraud, disclosure issues, the use of improper valuation methods, “cooking the books,” or trading insider information. Investors may also find themselves accused of similar crimes.
You may find yourself accused of tax offenses for attempting to evade paying rightfully-owned taxes, which can include underreporting of income, falsified deductions, failure to file a tax return, and the use of false identifying information on tax forms.
Intellectual Property Theft
Big corporations that havethe exclusive right to sell something will use every weapon at their disposal to get rid of the competition – oftentimes, they will even involve the government in criminalizing the individuals who they believe are stealing their intellectual property. As a business owner, you may find yourself accused of criminal copyright or trademark violations.
Health Care Fraud
As a health care provider, you may find yourself being unfairly accused of defrauding federal health insurance by either billing for a procedure that never occured or by billing for a service that costs more than the one provided. The consequences are potentially losing the rights to bill government health insurance, which is simply not acceptable for health care providers.
Border laws tend to be unjustly strict and arbitrary. As an immigrant, you may find facing allegations of falsifying immigration forms, entering into a sham marriage, or providing false employment information in the process of obtaining a visa. The consequences of being convicted of immigration fraud are deportation, and in some cases, federal prison.
Prosecutors tend to have a low burden when proving that a legitimate business was funded with money obtained illegally. You may find yourself being prosecuted for money laundering without knowing that the money came from criminal activity. A conviction of money laundering usually carries with it a prison sentence and heft fines, in addition to asset forfeiture.
Mexico and Latin America