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 financial crimes task force recently completed an investigation that resulted in the arrest of ten North Carolina men alleged to be in a fraud ring. The men face over 75 counts related to accusations that they obtained more than $300,000 from senior citizens by offering to perform unnecessary and costly home repairs, only to either not make the repairs or do a poor or incomplete job. The alleged fraud ring targeted seniors throughout central North Carolina.