Insider trading can be a serious offense. You could receive up to 20 years of jail time and $5 million in fines. The law does not distinguish between intentional and accidental insider trading. If you meet the key requirements for insider trading, authorities can hold...
Medicare and Medicaid are essential programs that provide millions of Americans with healthcare benefits. Medicare primarily serves individuals 65 and older, while Medicaid offers coverage to low-income individuals and families. These programs ensure that vulnerable...
Becoming involved in criminal offenses, whether misdemeanors or felonies, can lead to considerable penalties based on severity. However, the stakes can be significantly higher if the crime's details bring about additional charges, such as circumstances associated with...
White collar crimes can take different forms, including variations of securities fraud. This is why being completely transparent about the nature of your investments is important. Even a random report containing misleading information can be a type of securities fraud...
Tax fraud allegations can be unsettling for any business owner. When faced with such accusations, it is crucial to understand what they entail and the steps you should take to address them effectively. Ignoring or handling these claims inappropriately can lead to...
Despite the declining use of checks, they remain a staple in small business and personal transactions. Although issuing a check seems straightforward, the law recognizes that mistakes can occur and gives you enough time to rectify any oversights. However, deliberately...
The Employee Retirement Income Security Act of 1974 (ERISA) is a commonly known employee benefit plan. Companies are expected to administer these plans with their employees' interests at heart, diligently allocating funds or assets for their benefit. Under federal...
Every year, Michigan residents are assessed taxes at both the state and federal level. The tax code is complex, and it can sometimes be difficult to know exactly what you may owe and what deductions you are able to take. Making a mistake on your taxes isn't a crime,...
Michigan law defines embezzlement as the theft or misappropriation of funds or property that has been entrusted to an individual by another person or a business. A store clerk who takes money out of a cash register and an executor who misappropriates estate assets...
A Michigan woman who served as the director of a nonprofit organization that provided housing services to low-income Detroit residents is facing a raft of federal charges including multiple counts of wire fraud, conspiracy to commit wire fraud, aggravated identity...