Executives at publicly traded companies in Michigan usually have access to a lot of nonpublic company information. They have insider information about future moves the company is going to make as well as drafts of earnings reports that haven’t been publicly released....
Bankruptcy can provide a fresh start for people struggling with debt, but it's also a fertile ground for fraud and scams. Here is how bankruptcy fraud works and the tricks scammers use in Michigan. What is bankruptcy fraud? Bankruptcy fraud is among the leading white...
The Department of Justice announced tougher plans to reduce white-collar crime. Residents of Grand Rapids and other nearby areas of Michigan may want to learn more about this new policy change, which was first announced in October of 2021. Corporate misconduct is high...
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...
White-collar crimes are commonly nonviolent financial schemes committed for financial gain. A common type of white-collar crime in Michigan is wire fraud, which is commonly charged as a federal offense. Wire fraud overview Before the internet, white-collar criminal...
A Michigan man was sentenced to 42 months in a federal prison on Feb. 1 for defrauding the United States Department of Agriculture’s Supplemental Nutritional Assistance Program out of more then $4 million. The man, who was the owner of a Flint meat store when he...
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...
White-collar crime is a sub-group of illegal activity that happens in professional settings. It's a category that's often challenging to understand - so much so that it may be easier to commit than it is to fully understand the legal definitions or their consequences....
If you work in Michigan, you may benefit from learning more about the five most common white collar crimes. By definition, white collar crimes are non-violent offenses that involve the theft of money from businesses. These crimes are typically committed by high-level,...
Racketeering is commonly associated with organized crime, thanks in part to documentaries focusing on legendary gangsters. However, there are many scenarios where a defendant might face racketeering charges. A December 2021 press release issued by the Department of...