Cryptocurrency makes it easier for some individuals to transfer illegally obtained money. The original use of cryptocurrency is to exchange money without the use of a central authority like a bank. For residents of Michigan and other states, this presents more...
A 34-year-old Michigan woman has been charged with embezzling more than $63,000 from the city of Grand Rapids. According to prosecutors, the woman stole money that was raised selling seized and abandoned vehicles stored at the city’s impound lot. She faces a charge of...
The SEC is suing a Michigan man and two business partners over a crowdfunding initiative gone awry. According to the commission, the three individuals and an international crowdfunding platform committed and facilitated fraud in multiple ways. SEC's first crowdfunding...
Procuring a mortgage lets many people enjoy their dream of owning a home. The mortgage industry in Michigan also benefits from the chance to generate profits from reliable borrowers. Not everyone turns out to be honest when seeking a mortgage, however, and some...
If you need medical treatment in Michigan, you expect that the doctor and other workers in the office or the hospital are professional in nature. However, some providers could be charged with health care fraud that could result in the practice being closed....
According to the State of Michigan's Attorney General, an insurance agent located in Muskegon was charged in June with both fraud and embezzlement using the money of his own clients. The insurance agent pleaded guilty to all charges that were brought against him....
Many people incorrectly use the terms "fraud" and "theft" interchangeably. While the two are both criminal acts that carry potentially lengthy sentences, they are two different crimes. Residents of Michigan should educate themselves on the differences between fraud...
Identity theft remains a severe problem in Michigan and around the world. Once a person's identity or financial information becomes compromised, the resultant fallout could have incredibly costly consequences. People charged with identity theft-related crimes might...
Pyramid schemes are unfortunately common in the United States, including in Michigan. They promote a get-rich-quick scheme through the multi-level marketing business ideations that come from them. For more information on pyramid schemes and their legality, continue...
The former vice president of the United Auto Workers, or UAW, might be sentenced to three years in prison. The individual was arrested and charged after an investigation into the auto industry uncovered multiple cases of fraud and corruption. During his trial, the man...