Both pyramid schemes and Ponzi schemes are examples of potential fraud, often referred to as white-collar crime. How do they work, what makes them similar and what makes them different?
At first thought, you may not realize that mail fraud is one of the most common federal crimes. However, as you learn more about this crime, you'll come to find that it's not only common, but can also have a big impact on your life in the event of a conviction.
Embezzlement is theft, but it's a very specific type of theft in which fraud is used and a relationship of trust is breached. This sets it apart from more simple theft, such as when a person walks into a gas station and takes money out of the cash register.
A detective who formerly worked with the prosecutor's office in Atlantic County entered a guilty plea on Nov. 14 to federal charges of conspiring to commit mortgage fraud.
With the digital world continuing to grow by leaps and bounds, a growing number of questions are moving to the forefront in regards to what is and is not considered "original art."
Last month, a 45-year-old pharmaceutical rep from Northfield entered a plea of guilty in a New Jersey federal court, becoming the ninth defendant in a single case to do so. The ongoing investigation focused on those in the health care field who were abusing the State Health Benefit Plan.
Many people are unaware of the fact that debit card and credit card fraud is a form of identity theft. In other words, this is a serious crime that can have serious consequences if you are convicted.
It doesn't matter where you live, identify theft is a serious crime that entails using another person's name and personal data to make a purchase or fraudulently open an account. Identify theft has been a problem for many years, but the growth of technology and the internet have changed the way this crime is committed.
Money laundering is a crime under both New Jersey's legal system and the federal system -- because there's simply no way to be engaged in the process of creating "clean" money without being involved in a dirty crime -- like drug trafficking, arms dealing, sex trafficking or terrorism.
When you are convicted of a crime, there will obviously be legal consequences such as jail time, but there are other things that make a white collar crime conviction, in particular, dangerous to those convicted. Perhaps the two most serious dangers are the lasting effects on an individual's career and the amount of money usually involved in such cases. White collar crimes often deal with tens of thousands of dollars, meaning that a conviction could lead to serious fines or repayments.