Cooking the books is an idiom referring to a variety of fraudulent activities used by companies to falsify financial information. Generally, the practice involves augmenting earnings or removing debt to improve financial standings.
The consequences for corporate misconduct and fraudulent misrepresentation are steep. Penalties range from federal charges and jail time to high dollar monetary sanctions and debarment.
Crimes of deceit
White collar crime has become a paradox in the interconnected world we live in today. On the one hand, the ways and means to inadvertently slide into many white collar scenarios have increased exponentially. On the other, penalties for those charged with a white-collar crime have been on the increase.
Extremely Easy
These days, it can be effortless to fall into committing a white-collar crime because of unprecedented access to things like trade secrets and financial accounts. Add to that the extra dimension of opportunity that the internet offers. You no longer need to be in the same city or even country to access information and assets.
The United States is currently suffering a national crisis regarding opioid abuse. According to the Center for Disease Control, more than 100 Americans die every day from opioid overdose or complications related to opioids. The situation came to a head last year, when the Trump administration declared the opioid crisis a national public health emergency.
Many people believe that they and their family members would never become addicted to opioids, but this could not be farther from the truth. Many instances of opioid addiction stem from the misuse of prescription medication. And misusing prescription opioids can lead not only to a serious addiction, but also to criminal charges– the consequences of which can be severe.
The origins of the opioid crisis
Bitcoin is fast becoming a player in the online marketplace. People are starting to make investments in the electronic currency in the hope of cashing in on its wealth-building opportunities. Criminals seeking to scam others out of hard earned cash are also in the mix because Bitcoin’s blockchain technology lends itself to anonymous transactions.
WannaCrypt hacker’s malware ransom scheme
In May, 2017 hackers stole private data in a large malware attack affecting more than 300,000 computers and taking down systems all over the world. In order to receive a code to “decrypt” their scrambled data, users were asked to send ransom money through Bitcoin.
Although the two words are often used interchangeably, jails and prisons are two different housing compounds for inmates. Jails are run by a county or other local government and house people serving impermanent sentences for misdemeanors and the like. Jails are also used to house people awaiting trial that cannot post bail.
Prisons are run by the state or federal government. They are larger, house more inmates, and have higher security. Inmates are serving longer sentences, so prisons tend to have more amenities and vocational opportunities. With high profile trials frequently making news headlines, the ongoing debate regarding the benefits of federal verses state prisons continues.
Federal prisons
Any type of crime is serious, and even non-violent crimes may carry heavy penalties. If you face white collar crime charges, you do not want to take it lightly.
Having an understanding of the process for such charges may assist you with figuring out how to properly fight them. There are a few key factors that you should know about white collar crime.
Definition
There is a common saying that “money makes the world go around.” As such, people take financial offenses quite seriously. If you face fraud charges, you may encounter strict penalties.
One of the first steps in being able to properly defend yourself against bank fraud charges is to educate yourself. There are a few key things you should know about such cases.
Defining Bank Fraud
Georgia Criminal Defense Lawyers Blog