Investors want to receive a return on their investment, and they often rely on legitimate research and data before directing their funds toward an asset such as a stock. Unfortunately, a Michigan investor may discover they relied on inaccurate information or...
Racketeering is commonly associated with organized crime and drug trafficking. The term actually refers to multiple offenses, or rackets, operating as crime rings of an illegal scheme or unlawful business generating a profit. Michigan, like many states, has its own...
Embezzlement in Michigan is the fraudulent appropriation of funds or property by an individual in a position of trust. To prove embezzlement, certain elements need to be established. Relationship between the accused and victim A key element in proving embezzlement is...
Many people fall victim to identity theft, but if you’re wrongly charged with the crime, it can disrupt your life, as it carries serious consequences for a conviction. These are the identity theft laws in Michigan and what to expect if you’ve been charged. Identity...
Credit card theft and fraud are typically felony offenses in Michigan. Under the Michigan Penal Code, financial transaction device refers to credit cards, debit cards, and other instruments used to access financial accounts. On the state’s crime code list, only three...
White-collar crimes are committed for financial gain. Thus, they are usually non-violent and may go on for years before the victim or law enforcement catches the perpetrator. Examples of white-collar crimes include money laundering, fraud, tax evasion, embezzlement...
A 33-year-old woman has admitted to defrauding food and nutrition benefit programs out of more than $1.1 million. The woman pleaded guilty to a single count of wire fraud on March 28. Her plea was announced by the U.S. Attorney’s Office for the Eastern District of...
Healthcare and health insurance fraud are serious issues that cost millions annually. Fraudulent activities can involve patients, healthcare providers and insurance companies in Michigan, and can take many forms. Billing fraud Billing fraud occurs when healthcare...
A Michigan man has admitted to embezzling $870,000 from the bank that employed him and failing to report the money on his federal tax return. The 52-year-old Grand Rapids resident entered guilty pleas to single counts of embezzlement and tax evasion on March 6. The...
Stockbrokers in Michigan and around the country engage in circular trading when they submit sell order knowing that corresponding buy orders will be entered for the same number of shares at the same price. Circular trading does not change the ownership of shares, but...