Most people assume that insider trading is illegal, but there is a type that is actually legal. It's important for South Carolina residents to understand the difference between legal and illegal insider trading to avoid problems with the law. Legal insider trading The...
CEO pleads guilty to federal white-collar charges
Federal white-collar crimes have the potential to carry stiff penalties. These crimes include mail fraud and wire fraud as well as conspiracy to commit mail fraud and conspiracy to commit wire fraud. The recent case of the former CEO and board chairman of SCANA...
Types of embezzlement
Embezzlement is an example of a white-collar crime that commonly involves an employee. In many cases, an employee in South Carolina or another state has been entrusted with the money or assets but steals or misuses them for themselves, but an employer can also...
Can you accidentally commit tax fraud?
Most taxpayers in South Carolina understand that cheating on their taxes is a crime that can lead to serious consequences. These consequences can include as much as three years behind bars and a fine of up to $10,000. But many taxpayers may be surprised to learn that...
South Carolina couple sentenced for real estate fraud
A federal judge in South Carolina handed down severe prison sentences to a married couple on Sept. 29 for bilking almost 200 people out of more than $2 million in a fraudulent rent-to-buy real estate scheme. The couple were also ordered to pay their victims, who live...
Man sentenced for defrauding investors out of $3.4 million
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....
