Archive for the ‘Fraud’ Category

White collar crimes

May 16th, 2013 at 8:37 am

Lucy 5-8White collar crimes are not specifically defined, however, they are most often considered to be a variety of nonviolent crimes that are based around dishonesty and/or cheating. Usually, these crimes are committed by entrepreneurs and other professionals in the business area that are under the cover of a legitimate business activity. White collar crimes also typically have a lesser punishment than other crimes because they are nonviolent. Although these crimes do not have severe punishments, they do usually involve very heavy fines, and can include jail time. There are very specific laws that prohibit white collar crime activities, but many of them are covered in less specific catch-all laws that prohibit dishonest behavior.

Embezzlement

If someone take another’s money or property by ways of an official job position of trust or through abuse, they have committed embezzlement. For example, an accountant with access to all personal financial information may falsify records to gain a profit from his or her client(s). Bank tellers, as well, have easy access to finances and may walk away each day with a small amount of money from a client instead of placing it in the client’s account as he or she should.

False Statements

Although the crime that is making a false statement is not only a white collar crime, it is also included within white collar crimes along with other types of crimes. This is one of many more broad laws that will catch white collar criminals in their wrong doings and allow for punishment. In order to convict someone of making a false statement, proof is required of the statement that contains false information and that statement must be made willingly and knowingly by the speaker.

If you have been accused of a white collar crime, contact a criminal attorney for assistance. Attorney Chris Cosley will help to fight for alleged white collar criminals in Rolling Meadows, Ill. today.

 

Image courtesy of imagerymajestic/Freedigitalphotos

Former Rep. Jesse Jackson Jr. Pleads Guilty to Fraud

March 6th, 2013 at 8:00 am

American FlagIn a surprising turn of events, Jesse Jackson Jr. went from a man with huge political aspirations to someone who seems to have lost control.  The Democratic Representative from Chicago stepped down recently while being investigated and dealing with health issues.  He pleaded guilty to one felony fraud charge on Wednesday February 20th to secure a plea deal.  He was charged with fraud for using $750,000 in campaign money to pay for his lavish living expenses.

The court filed a 22 page report which outlines the spending habits of a politician who many thought would one day run for Mayor in Chicago or President of the US.  It started when Jesse opened a campaign account and then withdrew nearly $45,000 to purchase a Rolex watch.    He went on to purchase “high-end electronic items, collector’s items, clothing, food and supplies for daily consumption, movie tickets, health club dates, personal travel, and personal dining expenses,” according to the prosecution.

The details of his plea agreement allow his punishment range to be between 46 to 57 months in prison.  Though, it is not set in stone because both the defense and prosecution can influence the sentencing of the case.  The defense will urge the judge to consider probation given Jesse’s recent diagnosis of bipolar disorder.

Jesse’s wife Sandi has also been charged with assisting the cover-up of this fraud.  Sandi was formerly an alderman for the city of Chicago.  She pleaded guilty of failing to report that money from her aldermanic campaign was used as personal income also for failing to report this income on her tax return.  Her possible sentencing will be in the range of 1 to 2 years in prison.

What was once a promising career in politics for the Jackson may now be forever damaged.  White collar crimes can ruin reputations and result in jail time.  If you have been charged with any white collar crime, then it is important to receive legal guidance.  Contact a skilled criminal defense attorney in Rolling Meadows today.

Barrington Doctor Found Guilty of Medicare Fraud

September 11th, 2012 at 8:00 am

An investigation across the USA has discovered more than 90 people who have defrauded the Medicare system.  The total amount of falsified billings comes to be nearly $300 million dollars that could have been used for other people’s medical bills.  “The defendants charged in this takedown are accused of . . . jeopardizing the integrity of our health care system and our nation’s most critical health care program for personal gain,” Attorney General Eric Holder said during a news conference.

Dr. John Natale, a 62-year-old vascular surgeon was charged with two counts of making false statements, two counts of health care fraud and one count of mail fraud.  Natale is a surgeon who specialized in repairing abdominal aortic aneurysms, or the weakening of this artery.  These charges stemmed from six different surgeries during 2003 and 2004 when he allegedly falsified post-operation reports for his personal gain.  Dr. Natale prepared at least two reports which detailed fictitious surgeries or elaborated surgeries to be more complicated than they should be. These surgeries supposedly occurred while he was working at Northwest Community Hospital in Arlington Heights.

The jury of his peers did not find him guilty of all counts against him.  Out of all the charges, they only found him guilty of two counts of making false statements which were not the most serious counts of fraud.  The maximum sentence for those two counts would be five years in prison.  Luckily for Natale, the judge presiding over the case, U.S. District Judge Rebecca Pallmeyer, only sentenced him to ten months in prison, a fine of $40,000 dollars and community service while being under supervision for a year.

White collar crimes usually include any type of fraud including mail fraud, credit card fraud, and in this case, health care fraud.  They often carry heavy fines and prison sentences and are investigated for a long time to compile enough evidence.  If you are being investigated for extortion, embezzlement, or other white collar crime, then it is important to have a lawyer who understands how to represent your rights.  Please contact an experienced white collar crime defense attorney in Arlington Heights today.

Illinois Police Discover Massive Auto Theft Ring

August 1st, 2012 at 12:00 pm

According to an article by the Chicago Tribune, authorities in Illinois reported on Monday July 30th that they broke up a large theft ring.  This ring was responsible for the theft of over 200 high end vehicles worth nearly $2.5 million.  The group targeted luxury cars such as Cadillacs, BMWs, Land Rovers and Mercedes, which they sold for a small percentage of their value on websites such as Craigslist.

A total of 21 people have been arrested to this point in time.  They live primarily on the South Side of Chicago and in the south suburbs and some are related to each other.  A ringleader of the group named Dominique Henley was convicted of identity theft, forgery, theft by deception and aggravated possession of a stolen motor vehicle.  He was sentenced to eight years in jail.  His father was also arrested but was only sentenced to serve 30 months of probation.

The thieves would dress up as transport workers to pick up new cars from dealerships in Cook, DuPage, Will and Lake Counties.  Often these robbers, some of whom were licensed to transport cars for dealerships, would load up a trailer with up to eight cars.   Another scam involved using a stolen social security number to buy a car on credit.  Then they would swap the vehicle identification numbers for the same make and model cars from Canada.  With that new information, they would draft the fraudulent documents necessary to transfer the title to Illinois.  The quality of paper used for the foreign titles is what initiated the 10 month investigation.

Authorities have noted that auto theft has become more and more sophisticated.  This ring involved not just the theft of vehicles but fraudulent activities such as identity theft, forgery and loan fraud.  As crimes are becoming more intricate, the laws and agencies that police them follow suit.  If you have been accused of white collar crimes or thefts of property, please contact an experienced criminal defense lawyer in Chicago today.

Feds Criminally Charge Chicago Commodities Trader for Operating $8 Million Ponzi Scheme

June 8th, 2012 at 9:20 am

According to the Chicago Tribune, a complaint filed in the U.S. District Court for the Northern District of Illinois charges 36-year-old Bradley Scott Schiller of Chicago with solicitation fraud, misappropriation of investment funds, and issuance of false investment statements.

The Commodity Future Trading Commission (CFTC) alleges that between 2008 and 2012, Schiller used false account statements showing his success as a trader to solicit more than $7.8 million from six investors for trading commodity futures in managed accounts. Schiller then used funds from newly solicited investors to pay off funds owed to old investors, thus creating a complex Ponzi scheme. He was able to gain new investors by lying about his successes and providing them with false account statements he had created.

Meanwhile, Schiller allegedly deposited only $3.7 million of the funds to be invested in actual trading accounts, later losing $1.6 million in trading and then withdrawing $2.1 million from the accounts. This left the accounts with balances near zero. It is alleged that Schiller used the money to fund his expensive automobiles, a high-rise condominium, and pay other personal expenses.

Federal criminal charges involving complex financial accounts and transactions can result in very complicated criminal proceedings supported by extensive documentary evidence. Examining all of this evidence takes a great deal of time and specialized skills in order to adequately prepare your case. Furthermore, the penalties for convictions of these federal crimes can be very severe. As a result, you need the assistance of a skilled, experienced criminal defense attorney in Rolling Meadows, Illinois, to help you through your extensive, time-consuming, and often stressful proceedings.