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Bill Hwang: Loan Fraud, Market Manipulation
Bill Hwang used to claim he invested “according to the word of God.” Now prosecutors are saying that he’s about to become the biggest indictment since Bernie Madoff. Hwang was the owner of an investment firm known as Archegos. According to the US government, his…
What is Embezzlement?
Recently, a Rockland County teacher was charged with embezzling money from a youth soccer club. A private school also made news by embezzling $3 million from the federal government, money that was intended to pay for the daily meals of students. Embezzlement is a form…
Cryptocurrency and Wire Fraud: What You Need to Know
Cryptocurrency fraud is on the rise, and the Department of Justice is devoting a lot of resources to stopping it. While some argue over how cryptocurrency should be classified, the DOJ isn’t waiting. As reported in Reuters , they’re using the federal wire fraud statute…
What Are the Grounds for Suppressing Evidence in a New York or Federal Criminal Case?
Suppression of evidence is one of the most important tools a criminal defense lawyer has to help you with your state or federal case. To suppress evidence, your lawyer must file a Motion to Suppress and make a valid legal argument for why a particular…
Defending GoFundMe and Kickstarter Fraud Cases
Recently, The New York Times reported on a case wherein a New Jersey man and his girlfriend got 5 years in prison for GoFundMe fraud. Mark D’Amico and Katelyn McClure teamed up with Johnny Bobbit Jr. to make up a story about a homeless man…
What Are Price Fixing Schemes?
A price fixing scheme is a white collar crime that involves colluding with competitors to decide what prices will be. Antitrust laws require companies to establish prices and other competitive terms without consulting with competitors. You are allowed to conduct market research to see what…
What is the Third Party Doctrine?
While most evidence that could be collected in a federal criminal case is protected by Sixth Amendment rights against unreasonable search and seizure, some information that could be used against you is not. That information is covered under the “third party” doctrine. The “third party”…
What is Set-Aside Fraud?
Set-aside fraud is a type of contractor fraud. It is a violation of the False Claims Act (31 USC Sections 3729 to 3733) and involves defrauding the United States government in order to get contracts. It is called “set-aside” fraud because it involves making false…
What is the False Claims Act?
There have been attempts to defraud the United States Military for about as long as there has been a military. In 1863, the federal government enacted the False Claims Act to target defense contractors attempting to defraud the military during the Civil War. This law…
What is Bid Rigging?
One white collar crime that the Department of Justice is cracking down on quite hard of late is “bid rigging.” Bid rigging is the process of undermining the competitive process whenever businesses compete by submitting bids to a buyer. The Department of Justice takes an…
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