You don’t have to be the CEO of Enron, Michael Milken (the Junk Bond King), or Martha Stewart to be charged with insider trading. In fact, some people discover after the fact that they have engaged in this illegal activity without even knowing it. If you are investing, it is important to know what constitutes insider trading and how to avoid it, and in the worst-case scenario, how to defend against the charges.
When people hear the word “fraud,” their first thought may be of a businessman in a cheap suit showing up at the door to sell fake knives. While this would be one accurate depiction of a fraud crime, the reality is that fraud encompasses a wide range of different activities in many different areas. Not only can fraud occur in finances, healthcare, taxes, and virtually every other industry, but there are many ways the State can charge people with fraud.
Honest services fraud is defined in United States Code Title 18 Section 1346 – also known as the federal mail and wire fraud statute – as “a scheme or artifice to deprive another of the intangible right of honest services.” It is a federal crime, and it is broadly applied across the United States.
As the opioid crisis in America has escalated, with media reports about prescription drug use and abuse filling the headlines every week, doctors have come increasingly under fire. The actions of physicians and healthcare workers who can write prescriptions are under review more than ever before, and charges of prescription fraud have become increasingly common. While there have certainly been negligent, even malicious, medical practitioners who have contributed to this epidemic, there are also a lot of honest doctors caught in the blast zone of these investigations.
Another year has gone by, and that means tax season is upon us. Many of us dread it, some look forward to it (to get those refunds), but everyone has to fill out a tax form. This year may be brighter for many of us, because of the new tax laws. But with opportunity also comes danger, as they say. We’re expecting to see a serious uptick in fraud charges this year due to the new laws.
Financial regulations are complicated. Even people in the financial industry have a hard time keeping track of them, especially since many states have their own laws that create an added burden on businesses. It’s no wonder many people run afoul of federal regulators without even realizing they’ve done anything wrong until it’s too late.
Are you under investigation for committing a white-collar crime? If so, you are probably frightened of what it might mean for your reputation. Even the suspicion of guilt can have ramifications on your career and permanently damage your life moving forward.
That’s why you shouldn’t wait to fight back. When it comes to white-collar crime, law enforcement is willing to spend months, if not years, compiling evidence and putting together a case that is seemingly beyond dispute. The sooner you hire your own legal team, the better your chances of reducing the charges against you or avoiding them altogether.
Since the beginning of Medicare, healthcare fraud has been a serious issue affecting the entire healthcare industry. This criminal activity can take many forms, and may hinder doctors and hospitals in providing affordable treatments to patients, especially those who are economically disadvantaged. Law enforcement takes allegations of healthcare fraud very seriously.
Being convicted of embezzlement is no laughing matter in California. Even being accused of embezzling a relatively low value can end up having consequences that follow a person for the rest of his life.
If you are suspected of any type of criminal offense, including embezzlement, do not try to defend yourself. Being accused of embezzlement is serious, but it is not the end of the world if you have a tough, experienced Los Angeles criminal defense lawyer to protect you.