The FBI recently reported that business email compromise cost U.S. companies $26 billion between 2016 and now. These white collar crimes are simple to carry out and extremely effective, and targets can be companies in Michigan or elsewhere in the country. Authorities say that this type of email wire fraud appears to be one of the most costly cyber crimes committed against corporations.
The consequences of being charged with identity fraud and wire fraud are serious for anyone in Michigan or elsewhere. A 24-year-old man was recently indicted by a federal grand jury in another state on white collar crimes charges. He is accused of defrauding an elderly victim to the value of $800,000 during a period of less than one year.
Anyone in Michigan or elsewhere in the United States who is investigated by the FBI or the IRS involving illegal business practices or other fraudulent behavior stands the chance of facing federal charges. The FBI recently reported that a father and son who are partners in a a sports car dealership were taken into custody and charged with various white collar crimes. The formal charges include defrauding the U.S. Government and bank fraud.
Anyone in Michigan or elsewhere who faces federal wire fraud charges will no doubt recognize the severity of the situation and will likely seek experienced legal counsel. Wire fraud is one of many white collar crimes that go through the nation's courts each year. A 62-year-old man in another state recently pleaded guilty on charges related to his hyperbaric oxygen chamber business.
Federal prosecutors recently filed a civil lawsuit against State Senator Steve Dickerson and another founder of Comprehensive Pain Specialists, with its head office based in another state. The company, also known as CPS, is accused of defrauding taxpayers and the government, and it is not yet clear whether criminal charges for white collar crimes will follow. Until the company abruptly closed down last summer, it operated 60 clinics across the country, some of which were in Michigan. Along with the two founders, the CPS CEO is also a defendant in the lawsuit. The claim alleges that at least 600 urine tests were done every day, most of which were unnecessary and purely done for profit -- from that came the name of "Liquid Gold."
Accusations of criminal activities can ruin the lives of top executives and business professionals. In Michigan and elsewhere, allegations of white collar crimes can lead to extensive investigations, and having experienced defense counsel is crucial. Computer crimes are included in the white collar crime category, and legal counsel can work to resolve such issues discreetly.
Convictions for nonviolent crimes typically include fines, restitution and/or prison time. In Michigan and elsewhere, those accused of white collar crimes risk much more than their careers. After filing a guilty plea in such a case in a federal court sitting in another state, one individual could face up to 30 years behind bars.
Embezzlement is the fraudulent taking of another person's personal property or funds by a person to whom it was entrusted or from an employer. It is one of several types of white collar crimes that are committed nationwide, including Michigan, and the value of the claimed misappropriation will determine whether it will be a felony or a misdemeanor. A bank employee in another state is accused of such a crime that federal prosecutors say involves over $176,000.
Forgery happens when someone fakes a signature, falsifies documents or changes existing documents without the necessary authorization. Although laws regarding white collar crimes might vary, all states, including Michigan, treat forgery a serious matter. Depending on the unique circumstances of each case, those accused can face misdemeanor or felony charges.
The U.S. Immigration and Customs Enforcement recently issued a press release that exposed an organization that creates sham marriages for those intending to obtain U.S. Green Cards for citizens of foreign countries. This case might be an eye opener for people nationwide, including Michigan, to learn about the potential consequences of committing white collar crimes. In this case, 96 people face federal charges after they were indicted for marriage fraud in another state.