Prosecutors in California have filed felony charges against a 29-year-old woman who allegedly embezzled about $38,000 from the San Miguel Community Services District. The woman reportedly took the money while working as a bookkeeper for the Community Services District between February and November 2015. Attorneys from the San Luis Obispo County District Attorney's Office filed the charges on Oct. 5.
Some California residents might have been lured by the promise of robust returns in a debt reselling scheme that bilked hundreds of people out of millions of dollars according to federal prosecutors. A 14-count indictment unsealed on Sept. 19 in Maryland alleges that three men maintained lavish lifestyles with money that they told investors would be used to purchase portfolios of delinquent mortgage, student loan and credit card debt. The men face decades behind bars if convicted according to media accounts.
Trade fraud is a growing problem in California and throughout the United States, according to new study published in the Oregon Review of International Law. According to the authors of the study, the issue costs the U.S. millions in lost tax dollars every year and puts the public at risk. However, trade fraud crimes are difficult to detect and prosecute.
A 61-year-old San Mateo man was convicted of several felonies for his role in an embezzlement scheme, local prosecutors said on May 14. The man reportedly collaborated with the manager of an upscale condominium complex in San Mateo to embezzle $2.8 million.
A California firm is being pursued by the Securities and Exchange Commission for allegedly engaging in fraud. The SEC's complaint accuses the management of Hoplon Financial Group, a hybrid advisory firm, of lying to investors and committing fraud in matters connected to real estate and the sale of securities.
Attorney John Patrick Ryan mentioned in the news on "Drunken driver sentenced to 16 years for crash that killed brother-in-law" [Read more at Bakersfield.com]
The U.S. Securities and Exchange Commission filed white collar crime charges in March 2017 against two men who were allegedly involved in an elaborate money laundering scheme involving tickets for Broadway shows and musical performances. The fraud allegations could have far-reaching effects and consequences on corporate crime charges in California and elsewhere around the country.
California residents who are looking for ways to invest their money should always be wary of scams such as Ponzi schemes. According to the Securities and Exchange Commission, or SEC, there are many indications that an investment arrangement may be part of a Ponzi scheme.
A former partner at a leading California financial management company has admitted to embezzling more than $6.5 million from a number of clients including the Grammy Award-winning singer and songwriter Alanis Morissette. The admission was made in papers filed as part of the man's plea arrangement on Jan. 18. The man is facing a raft of white-collar crime charges including wire fraud and filing a falsified personal tax return.
While it may be possible to prove that corporations and those who run them engage in criminal activity, it may be hard to win a conviction. This is partially because a corporation is a separate entity from its owners and operators. It presents a structural challenge that makes it difficult to show that individuals were actually aware that they were committing a crime or should have known about any wrongdoing.