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FBI’s Highest Criminal Priorities

White Collar Crime Threat: Corporate Fraud

The Federal Trade Commission (FTC) received 1.7 million fraud-related reports in 2019. It’s no wonder the FBI prioritizes fraud-related crimes above other white collar crimes. More specifically, corporate fraud is among the highest threats to the US economy and investor confidence, which is why the FBI is working diligently to identify and prosecute this crime.

The FBI works with several agencies, including the SEC, CFTC, Financial Industry Regulatory Authority, Internal Revenue Service, Department of Labor, Federal Energy Regulatory Commission, and the U.S. Postal Inspection Service, to investigate allegations of fraud in specific areas such as securities, taxes, pensions, energy, and commodities.

According to the FBI, their corporate fraud investigations primarily examine the following activities:

Falsification of financial information

  • False accounting entries and/or misrepresentations of financial condition
  • Fraudulent trades designed to inflate profits or hide losses
  • Illicit transactions designed to evade regulatory oversight

Self-dealing by corporate insiders

  • Insider trading (trading based on material, non-public information)
    Kickbacks
  • Misuse of corporate property for personal gain
  • Individual tax violations related to self-dealing

Fraud in connection with an otherwise legitimately operated mutual hedge fund

  • Late trading
  • Certain market timing schemes
  • Falsification of net asset values

As a federal crime, corporate fraud comes with federal penalties such as extensive prison time, stiff fines and a criminal record. Not only could you lose your job following a corporate fraud allegation, but also your freedom.

I am Facing Fraud Charges. What Should I Do?

If you are accused of committing corporate fraud, it’s in your best interests to retain dependable legal representation as soon as possible. In cases like these, it’s you against the United States government and its powerful resources. Thus, you need a Dallas federal fraud lawyer who can fearlessly tackle your charges by utilizing a high-caliber legal arsenal and effective defense strategies.

Remember, the FBI is already working to put you behind bars. Get started on your case immediately by contacting (214) 307-8667!

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