White-Collar Crimes

White-Collar Crimes
What You Need to Know in Springfield, Missouri

Definition

White-collar crime is now synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence.1

Common White-Collar Allegations

Criminal fraud, financial crimes, money laundering, tax audit representation, tax audit defense, tax evasion, tax litigation, securities litigation, mail fraud, wire fraud, tax penalty abatement, medicare fraud, medicaid fraud, falsification of financial information, mortgage fraud, identity theft, bribery, intellectual property theft, piracy, health care fraud, advance fee fraud, ponzi schemes, promissory note fraud, commodities fraud, broker embezzlement, market manipulation, labor racketeering, cybercrime, copyright infringement, forgery.

Top 10 Most Notorious White-Collar Crime Cases
10. Martin Frankel – $200 million 2
09. Bayou Hedge Fund – $300 million 3
08. John Rusnak – $691 million
07. Enron – $1 billion+ 4
06. Toshihide Iguchi – $1.1 billion+ 5
05. Nick Leeson – $1.4 billion 6
04. WorldCom – $3.8 billion 7
03. Jerome Kerviel – $4.9 billion 8
02. Allen Stanford – $8 billion 9
01. Bernard Madoff – $65 billion 10

References
1. “White-Collar Crime.” FBI. Federal Bureau of Investigation, n.d. Web. 07 Sept. 2016. https://www.fbi.gov/investigate/white-collar-crime.
2. “American Greed: The Martin Frankel Case.” CNBC. Web. 09 Sept. 2016. http://www.cnbc.com/id/100000095.
3. “Bayou Hedge Fund Group.” Wikipedia. Web. 09 Sept. 2016. https://en.wikipedia.org/wiki/Bayou_Hedge_Fund_Group.
4. “The Fall of Enron.” Wikipedia. Web. 09 Sept. 2016. <http://www.npr.org/news/specials/enron/.
5. “Ex-Daiwa Rogue Trader Says Most Unauthorized Trades Hidden.” Bloomberg. Web. 09 Sept. 2016. http://www.bloomberg.com/news/articles/2014-04-30/ex-daiwa-rogue-trader-says-bulk-of-unauthorized-trades-hidden.
6. “Twenty years on, is Nick Leeson really sorry for breaking the bank?” The Telegraph. Web. 09 Sept. 2016. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11425522/Twenty-years-on-is-Nick-Leeson-really-sorry-for-breaking-the-bank.html.
7. “WorldCom files largest bankruptcy ever.” CNNMoney B. Web. 09 Sept. 2016. http://money.cnn.com/2002/07/19/news/worldcom_bankruptcy/.
8. “French rogue trader Jerome Kerviel freed.” The Guardian. Web. 09 Sept. 2016. https://www.theguardian.com/business/2014/sep/04/french-rogue-trader-jerome-kerviel-freed-prison-socite-generale.
9. “Defiant US fraudster Allen Stanford vows to clear name.” BBC News. Web. 09 Sept. 2016. http://www.bbc.com/news/world-35283297.
10. “How Bernie Madoff’s Ponzi Scheme Worked.” Business Insider. Web. 09 Sept. 2016. http://www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7.