Types of white collar crimes.
Presentation by CMP Protective and Investigative Group, NYC’s Top Private Investigative Firm.
White collar crime refers to financially motivated nonviolent crime committed by business and government professionals.
Insider trading is the buying or selling a company’s stock while having inside or non-public information. If an employee so much as tells a friend some inside company information and then that friend trades that corporation’s stock, both of them could be Federally indicted.
Securities Fraud: Use of deceit, underhandedness or misrepresentation of a company’s performance that manipulates the market and can result in people making bad investments.
Antitrust Violations: The act of dominating and manipulating a market to such an extent, that it can work above the competitive free market.
This causes a severe disadvantage to the consumer and is considered a monopoly or trust.
Price Fixing: artificially raising prices beyond competitive market value.
Bribery: If someone gives a gift or gratuity to a person with influence in exchange for a favorable decision or abuse of power.
For example, an influential person could agree to accept a kickback for their sharing of knowledge or their complicity in a business deal.
Embezzlement:When a person decides to secretly funnel monies from company for for their own personal use.
Money Laundering consists of dirty money being placed into a bank account of a controlled company. Then that company sends a tire transfer to an offshore bank. The offshore bank loans money to another company,controlled by the perpetrators which then pay the original company using a false invoice.
During the laundering process funds begin to be integrated with purchases of luxury assets, financial investments, commercial and/or investments.