Category: Fraud

 

White-collar crimes are not solved overnight. States may investigate alleged fraudsters for years before a ruling is made. Victims may not see restitution for decades.

 

This is how the case involving Heartland Energy Development Corporation (HEDC) is playing out. The state has been investigating the company for alleged crimes dating back to 2002, and the story is not over yet.

 

After a judge ruled the company did

 

Insurance fraud refers to any fraudulent act committed with the intent to obtain an improper payment from an insurer. Every year, insurance fraud costs companies billions of dollars.

 

No sector of the insurance market is immune to insurance fraud or the potential for fraud. Policyholders, and in some cases insurance agents or adjusters, have defrauded all types of insurers, such as health insurance, auto insurance, homeowner’s insurance, and

 

“Credit card fraud.”

 

When most people hear those three little words, it sends an uncomfortable prickle down their backs. After all, no one wants to think about the possibility of someone getting ahold of their card and racking up expenses.

 

Lawmakers and those in law enforcement understand this. They also know how widespread and prevalent credit card fraud is. Because of these two things, they tend to

 

What do Charles Ponzi, Bernie Madoff, and Jordan Belfort – the man whom the film The Wolf of Wall Street is based on – all have in common?

 

They were all convicted of white collar crimes.

 

Ponzi served numerous years in prison in both Canada and the United States. Belfort served 22 months of a 4-year sentence and was also ordered to pay $110 million in restitution.

 

Have you started filing your taxes yet?

 

In the next few weeks, there will be social security numbers, expense lists, pay stubs and more being transferred, mailed, and analyzed. All of this information is a goldmine for individuals who want to commit identity theft or fraud schemes.

 

As secure as your data and information may be, identity theft comes in many forms, and rears its ugly head