As the federal income tax deadline has passed, you may not be feeling the pressure filing for an extension if you haven’t filed a return. For those who fear the power of the federal government, procrastination only breeds fear and desperation. And this could lead to questionable choices in the future.
Securities fraud occurs when information used by investors to make decisions is misrepresented by an individual or an entity. The misrepresentation is frequently used to manipulate financial markets to gain a financial advantage.
Fraud is defined as wrongful or criminal deception intended to result in financial or personal gain for the deceiver. Fraudulent acts involve misrepresentation, falsified information or deceit to gain a commodity or something of value. In criminal law, fraud offenses are most commonly associated with mail and wire fraud, both of which are federal crimes.
Most people are familiar with Facebook’s facial recognition software. When a friend uploads a picture, it’s common for Facebook to ask its users: is this you? The user gets to decide if they are “tagged,” but it’s still worth noting that a computer just identified a human individual from a picture. Some companies are taking facial recognition software to the real world. The CaliBurger chain in California has used it to let customers pay via their loyalty accounts. All they have to do is “sign in” by looking at a kiosk.
The rise of the opioid epidemic has resulted in racketeering charges for pharmaceutical companies and physicians. Recently a Rhode Island doctor was sentenced to four years in prison in connection with accepting kickbacks from a pharmaceutical company.
The penalties for a DUI can range depending on the specific circumstances. You may only face misdemeanor charges for a first-time offense in South Carolina as long as the behavior did not result in any property or physical damage. However, a first offense can lead to an indefinite suspension of the person's driver's license if he or she had a blood alcohol concentration higher than 0.15, which is well above the legal limit.
Often, the commission of one crime in South Carolina also implicates other crimes. When a person embezzles money from an employer or organization, the activity tends to require hiding that newfound money from the Internal Revenue Service. Thus, an embezzler may not report this income, however illegally obtained, on his or her income taxes.
Many accountants fear the day may come when one of their clients calls them and says, "The IRS is investigating me for tax fraud. What do I do?"
Fentanyl is a very potent painkiller legally available only by prescription. It is not only ruining lives through user overdose but is also often the drug of choice leading to the very serious drug charges of engaging in drug trafficking.
The Racketeer Influenced and Corrupt Organizations Act was initially intended to combat the Mafia, but it has extended its reach in recent years to combat a wider range of illegal activities. The RICO Act states that the leaders of an organization can face the same penalties as lower-level members as long as the leaders are the ones who issued the commands for the crime to take place. A number of different crimes can fall under the act's jurisdiction, including drug dealing, counterfeiting, arson, murder, illegal gambling and much more.