White Collar Crimes
“White Collar Crime” is defined by the FBI as “the full range of frauds committed by business and government professionals.” These crimes include bank fraud, health care fraud, embezzlement, and investment fraud.
Bank fraud encompasses a wide range of financial schemes that affect the banking system. These frauds include mortgage fraud, loan application fraud, and identity theft.
Health care fraud includes Medicare fraud, Medicaid fraud, and private insurance related fraud, usually consisting of overbilling or a scheme to obtain funds illegally. Health care fraud can also include an individual’s attempt to obtain benefits to which he or she is not entitled.
Embezzlement is obtaining property or money by deception when the defendant is in a position to exercise some control over the funds lawfully. Typically, this is a company employee or executive stealing from their employer. This crime is similar to theft by deception, except for the status of the defendant in relation to the victim.
Investment fraud is typically some type of Ponzi scheme fraud in which the defendant is misrepresenting how and where the funds are being invested, when the funds are usually being diverted to other investors or to the defendant.
The MCR law firm represents individuals in each of these areas.
Mr. Rosenblat represented an individual charged in what the State described as “a Ponzi scheme in which over 300 investors lost over $10,000,000.” In this matter, the defendant was prosecuted by the Illinois Attorney General’s Financial Crimes Unit, in both DuPage and Cook Counties. A DuPage County judge issued an arrest warrant for defendant with a $2,000,000 cash bond. Bond was reduced to a $750,000 D-Bond after Mr. Rosenblat filed a motion to reduce bond and defendant was released.
The MCR law firm also represented an individual being investigated for federal financial aid fraud. The United States Attorney’s Office for the Southern District of Indiana offered a plea agreement in which defendant would plead guilty to one Count of Wire-Fraud, 18 U.S.C. § 1343, alleging that defendant filled out federal financial aid applications which contained material false or forged information and thereby obtained over $37,000 in federal financial aid. Mr. Rosenblat was able to convince the United States’ Attorney to charge the defendant with a misdemeanor alleging that he stole just $932, and used tricks and deceit on a federal financial aid application to unlawfully obtain money and funds of the United States Department of Education.
Mr. Rosenblat also represented a defendant who was prosecuted by the Illinois Attorney General’s Financial Crimes Unit with three counts of theft totaling over $350,000 from the company in which he worked. Mr. Rosenblat was able to convince the court to release the Defendant on bond and Mr. Rosenblat was able to convince the Illinois Attorney General to reduce the total theft amount to just $26,400. Defendant pled guilty to theft of that amount was sentenced to probation and restitution.
Other types of cases that are generally referred to as white collar include:
- Asset Forfeiture
- Money Laundering
- Bankruptcy Fraud
- Financial Institution Fraud
- Health Care Fraud
- Medicare Fraud
- Medicaid Fraud
- Insurance Fraud
- Mortgage Fraud
- Identity Theft
- Public Corruption
- Government Fraud
If you are being investigated or have been charged or investigated for a white collar crime, contact the law office of Michael C. Rosenblat to schedule an appointment.