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.
For many people, owning a home is a big part of the American dream. A decade ago, purchasing a home was viewed as a smart financial move as home values continued to steadily increase. However, with the collapse of the housing market in 2007 home values, along with the rest of U.S. economy, began to plummet.
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.
The adoptive parents of a missing North Carolina girl are facing federal fraud charges in connection to her disappearance. It is still not clear what became of the girl, whose brother reported her missing last year.
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 woman who supposedly created fake personas for herself in order to conceal her identity has been arrested. The North Carolina resident faces many charges, including fraud, for supposedly scamming several people for money. The 39-year-old is likely now focused on planning her criminal defense against these accusations.
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.
Four people were arrested in connection with what police suspect was an insurance fraud scheme. The investigators believe that the four staged a car accident in North Carolina in order to file claims and receive the insurance money. The four individuals are currently in police custody, and they are each likely focused on defending themselves against the fraud allegations.
When a company contracts with the government it is important the company is in compliance with all applicable laws. If a business fails to do this it can find itself in serious criminal troubles. This could result in large fines as well as time behind bars. One North Carolina company seems to have failed to do this when it was recently charged with fraud against the government.
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.