Regular readers of this blog may recall that back in August of last year we highlighted that the U.S. Sentencing Commission anticipated focusing more attention on revising federal guidelines related to convictions in white-collar crime cases. As a result of the panel's efforts, there is some growing anticipation that penalties for certain financial crimes could be reduced in some instances.
People facing charges for white collar crime in North Carolina will be interested to learn about a recent push for changes in federal sentencing laws for certain financial crimes. The suggested changes could reduce the penalties imposed on people convicted of white collar offenses such as insider trading, fraud and embezzlement.
A former employee of the North Carolina A&T University Foundation has been arrested and charged with embezzlement as well as a number of other white collar crimes, including computer fraud, corporate malfeasance and obtaining property by false pretenses. The foundation has accused the employee of using her position within the organization to steal about $400,000 since 2011.
A corporate official in Cabarrus County was recently arrested for felony tax crimes. The North Carolina woman is accused of aiding and abetting her corporation to misappropriate over half a million dollars in taxes for the personal use of the company. She faces three embezzlement charges for her alleged white collar crimes.
A woman was arrested and is now facing accusations of running an insurance fraud scheme. The woman supposedly falsely obtained thousands of dollars from property rental insurance premiums that should have been given to the insurance company. She faces charges of embezzlement and falsely obtaining property, and she was taken into custody in North Carolina.
State representative Deb McManus has recently been arrested after allegations of felony tax charges. North Carolina police suspect that McManus embezzled nearly $50,000 from the state by withholding individual income taxes. She faces multiple counts of embezzlement for her alleged white collar crimes.