<\/p>\n
New York -Free – Yemen \u00a0Eye – From News- FBI<\/p>\n
WHAT WE INVESTIGATE<\/p>\n
These crimes are not violent, but they are not victimless. White-collar crimes can destroy a company, wipe out a person’s life savings, cost investors billions of dollars, and erode the public’s trust in institutions.<\/p>\n
The FBI’s white-collar crime program focuses on analyzing intelligence and solving complex investigations\u2014often with a connection to organized crime activities. Our white-collar crime investigations can be regional, national, and\/or international.<\/p>\n
The FBI works closely with partner law enforcement and regulatory agencies like:<\/p>\n
the Securities and Exchange Commission
\nthe Internal Revenue Service
\nthe U.S. Postal Inspection Service
\nthe Commodity Futures Trading Commission
\nthe Treasury Department\u2019s Financial Crimes Enforcement Network<\/p>\n
Examples of White-Collar Crime
\nCorporate Fraud<\/p>\n
As the lead agency investigating corporate fraud, the FBI focuses its efforts on cases that involve accounting schemes and self-dealing by corporate executives, as well as obstruction of justice (activities designed to conceal this type of criminal conduct).<\/p>\n
The FBI\u2019s corporate fraud investigations primarily focus on:<\/p>\n
Falsification of financial information:<\/p>\n
False accounting and\/or misrepresentations of financial conditions
\nFraudulent trades designed to inflate profits or hide losses
\nIllicit transactions designed to escape regulatory oversight
\nSelf-dealing by corporate insiders:<\/p>\n
Insider trading (stock trading based on material, non-public information)
\nKickbacks
\nMisuse of corporate property for personal gain
\nIndividual tax violations related to self-dealing<\/p>\n
Money Laundering<\/p>\n
Money laundering is turning \u201cdirty\u201d money \u201cclean\u201d by making it look like money from crimes actually came from legitimate sources.<\/p>\n
Money laundering allows criminals to:<\/p>\n
hide and accumulate wealth
\navoid prosecution
\navoid taxes
\nincrease profits through reinvestment
\nfund further criminal activity
\nThe FBI focuses its efforts on money laundering facilitation\u2014targeting professional money launderers, key facilitators, gatekeepers, and complicit financial institutions, among others.<\/p>\n
Criminals who engage in money laundering derive their proceeds through:<\/p>\n
Complex financial crimes
\nHealth care fraud
\nHuman trafficking
\nInternational and domestic public corruption
\nNarcotics trafficking
\nTerrorism
\nCriminals use a number of tools to launder money, including:<\/p>\n
Financial institutions
\nInternational trade
\nPrecious metals
\nReal estate
\nThird party service providers
\nVirtual currency
\nThere are three steps in the money laundering process\u2014placement, layering, and integration:<\/p>\n
Placement is the criminal entering money into the financial system.
\nLayering is the most complex and often involves moving money internationally. Layering separates the criminal\u2019s money from the original source and creates a complex audit trail through a series of financial transactions.
\nIntegration occurs when the criminal\u2019s proceeds are returned to them from what appear to be legitimate sources.
\nThe FBI regularly coordinates with other law enforcement agencies, international partners, and industry to detect and disrupt money laundering.<\/p>\n
Securities and Commodities Fraud<\/p>\n
The creation of complex investment vehicles and the tremendous increase in the amount of money being invested have created greater opportunities for individuals and businesses to create fraudulent investment schemes.<\/p>\n
To investigate and help prevent fraudulent activity in the financial markets, the Bureau works closely with various government and private organizations to investigate securities and commodities fraud.<\/p>\n
Mortgage and Financial Institution Fraud<\/p>\n
Financial institution fraud happens when criminals target banks, credit unions, and other financial institutions. Many schemes involve compromising customers’ accounts or personal information. Embezzlement and misapplication of funds are two common financial institution fraud crimes in FBI investigations. Sometimes, fraud can be severe enough to cause the failure of a bank or credit union.<\/p>\n
Mortgage fraud happens when someone lies to influence a bank’s mortgage decision or if a distressed homeowner is the victim of a fraud.<\/p>\n
There are two areas of mortgage fraud:<\/p>\n
Fraud for profit: This type of fraud involves professionals in the home buying process stealing cash and equity from lenders and homeowners. These types of cases area priority for the FBI.
\nFraud for housing: This fraud happens when borrowers lie about their incomes or assets on a loan application or influence an appraiser to manipulate a property’s value.
\nThe FBI works with partners to investigate mortgage and financial institution fraud cases. The FBI participates in task forces that share intelligence, de-conflict cases, and create joint investigations.<\/p>\n
Intellectual Property Theft\/Piracy<\/p>\n
Intellectual property theft involves robbing people or companies of their ideas, inventions, and creative expressions\u2014known as intellectual property. This can include everything from trade secrets to proprietary products to movies, music, and software.<\/p>\n
Intellectual property theft costs U.S. businesses billions each year.<\/p>\n
The FBI’s intellectual property investigations focus on the theft of trade secrets and copyright infringement on products that can impact people’s health and safety, like counterfeit parts for cars and electronics. The FBI works with partners in the private sector and other law enforcement agencies at all levels to investigate these cases.<\/p>\n
Learn more at the National Intellectual Property Rights Coordination Center.<\/p>\n
Similarly, economic espionage costs the American economy hundreds of billions of dollars per year and puts our national security at risk. In these cases, foreign competitors deliberately target economic intelligence in advanced technologies and successful U.S. industries.<\/p>\n
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New York -Free – Yemen \u00a0Eye – From News- FBI WHAT WE INVESTIGATE These crimes are not violent, but they are not victimless. White-collar crimes can destroy a company, wipe out a person’s life savings, cost investors billions of dollars, and erode the public’s trust in institutions. The FBI’s white-collar crime program focuses on …<\/p>\n","protected":false},"author":4,"featured_media":89619,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-89618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/fye-yemen.net\/index.php?rest_route=\/wp\/v2\/posts\/89618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fye-yemen.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fye-yemen.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fye-yemen.net\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/fye-yemen.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89618"}],"version-history":[{"count":0,"href":"https:\/\/fye-yemen.net\/index.php?rest_route=\/wp\/v2\/posts\/89618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fye-yemen.net\/index.php?rest_route=\/wp\/v2\/media\/89619"}],"wp:attachment":[{"href":"https:\/\/fye-yemen.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fye-yemen.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fye-yemen.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}