
What Was Bernie Madoff’s Ponzi Scheme?
While you may have heard the name Bernie Madoff and might associate it with financial crimes of large proportions and extensive jail time, you may not be familiar with what actually happened. Bernie Madoff was sentenced to 150 years in prison due to his role in perpetrating the largest fraudulent financial scheme...
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Embezzlement and its Potential Penalties
Embezzlement
Terms like embezzlement and larceny seem to get jumbled together when thinking about criminal law. To clear things up a bit, embezzlement is a form of larceny. Larceny, what many refer to as “theft,” refers to the wrongful taking of property from its rightful owner. A person may commit larceny through embezzlement....
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What is a White Collar Crime?
White collar crimes are named because they are often related to the realms of white collar workers such as finances, politics, or business. It is not, however, necessarily restricted to these kinds of workers. A white collar crime is considered to be a non-violent criminal act committed with the intention of unlawful financial gain....
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