The Securities and Exchange Commission (SEC) recently announced the Enforcement Results from fiscal year 2022, and there are a few items to note for fund managers and other financial professionals.
2022 was Chair Gary Gensler’s first full year in his position; predictions that his assumption of the position would bring in an era of aggressive...
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Category: White Collar Crimes Blog
At Griffin Durham Tanner & Clarkson, we are passionate about providing updates and keeping our community informed on news and law regulations related to white collar crimes in Savannah and Atlanta.
Don’t fall victim to these 7 common holiday frauds
During the holidays we look forward to being with family and friends and giving gifts to those we care about. The increased amount of spending during the holidays increases credit card fraud, scams, and identity theft.
According to a report made by the Federal Trade Commission, in 2021 Georgia had the...
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Financial Institutions Fined for Discussing Deals and Trades Over Personal Apps
The government recently issued nearly $2 billion in fines against several large corporations. Several employees at some of the world’s largest financial institutions were found to have violated securities laws by using personal devices to communicate specialized financial transactions.
Although government regulators have always kept a watchful eye on a wide...
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Paycheck Protection Program Fraud
Paycheck Protection Program (“PPP”) fraud is one of most active—if not the most active—area of Department of Justice scrutiny right now. This article will discuss some recent cases and “red flag” issues the government focuses on.
Recent DOJ Enforcement of SBA Fraud
Throughout 2021, the DOJ...
Corporate Fraud: Common Schemes
Corporate fraud is a type of white-collar crime that involves illegal actions committed either by employees or contractors of a company. In this article, we examine the most common types of corporate fraud.
Theft of Intellectual PropertyA company's most valuable asset is oftentimes its...
Ponzi Schemes vs. Pyramid Schemes: What’s the Difference?
Ponzi schemes and pyramid schemes are types of white-collar crime. Although people sometimes confuse them, they each use different tactics to fraudulently separate people from their money. In this article, we discuss the differences between Ponzi schemes and pyramid schemes.
What is a Ponzi Scheme?
White Collar Crime Myths
White collar crime myths create common misunderstandings for those accused of violating the law. Television and movies often portray white-collar criminals as serving “easy time” in minimum-security prisons. Although this may be semi-accurate in some cases, white-collar criminals also sometimes receive lengthy prison sentences. Therefore, when it comes to white-collar...
Consequences of White Collar Crime
Consequences of white collar crime, include prison, substantial fines, and restitution. In addition to criminal penalties, white collar offenses often give rise to civil lawsuits. Although it is nonviolent in nature, the authorities take white collar crime very seriously. Anyone the government accuses of a white collar crime must take it seriously....
Common White Collar Crimes
Common types of white collar crimes range in nature and scope. They all typically involve financially motivated crimes committed by businesses and government professionals. The penalties associated with white-collar crimes can be severe. Anyone the government accuses of a white-collar crime should immediately seek the help of an experienced white-collar criminal defense...
Penalties of Health Care Fraud
Penalties for health care fraud violations can range in type and severity. Over the last several years, the federal government has been aggressively cracking down on health care fraud. Health care fraud is a type of crime that involves the filing of dishonest health care claims. Anyone who is convicted of health...