Fraud is a type of white-collar crime committed by individuals and businesses in South Carolina and across the United States. While this type of crime can be prosecuted under state law, it is usually handled by federal prosecutors. For example, on Aug. 31, a U.S....
Federal money laundering laws date back to 1970
Individuals in South Carolina and around the country who are involved in illegal activities might try to conceal their crimes by using legitimate businesses to "launder" their profits. This kind of behavior is prohibited by federal and state money laundering laws, but...
Senior lawmakers charged in alleged bribery scheme
South Carolina residents may be aware that arrests were made on July 21 in connection with an investigation into what U.S. attorneys have called the largest money laundering and bribery scheme in Ohio’s history. The most significant individual facing criminal charges...
High-profile Twitter scam draws national attention
Bitcoin scams occur with alarming frequency. Such crimes often involve attempts to get people to send someone Bitcoin or other cryptocurrencies under false pretenses. Some scams entail outright blackmail and may target South Carolina residents. Recently, accusations...
Lori Loughlin and Mossimo Giannulli to plead guilty
People in South Carolina might have heard about the college admissions scandal that involved wealthy, famous people accused of buying their children's way into elite schools. Lori Loughlin and her husband, Mossimo Giannulli, were two of the last holdouts in the case....
Are insider trading laws unconstitutional?
South Carolinians must be careful with their stock trading if they are in possession of material nonpublic information. If they act on it, they could be charged with the crime of insider trading. This is exactly what happened to an attorney for Apple who allegedly...
Attorney faces white collar crimes for using inside information
For South Carolina residents who are confronted by white-collar crime charges, it is important to understand the potential long-term consequences for a conviction. These allegations often involve those who are professionals in their field of finance, law and business....
Woman sentenced in college admissions case
Some South Carolina residents may have heard about the college admissions scandal in which a number of wealthy parents conspired with an admissions counselor in California to get their children into schools using fraud. The woman who is the heiress to the Hot Pockets...
SEC accuses former Apple lawyer with insider trading
Apple Inc. reaps large profits selling phones and computers to consumers in South Carolina and worldwide. Even so, major corporations experience ups and downs in their stock prices, and a lawyer formerly employed by Apple now stands accused of allegedly selling...
Pyramid schemes work by bringing in new money
The term pyramid scheme refers to a scam where a small group of early investors profits from contributions by a large group of people who join late. South Carolina investors might benefit from knowing how pyramid schemes work and what distinguishes them from Ponzi...
