New York residents are likely familiar with the concept of white-collar crime that involves fraud by those in the business or financial sectors. One type of white-collar crime is securities and commodities fraud, and this involves various schemes related to investments and the stock market.
Boaters in New York should be aware that they will soon face harsher penalties for operating watercraft while intoxicated thanks to a law signed by Gov. Andrew Cuomo. The legislation takes effect in November.
The collapse of New York-based Lehman Brothers in September 2008 triggered a financial crisis that threatened the very survival of the world's capital markets, and experts, journalists, politicians and everyday Americans reacted angrily in the aftermath when it became clear that not a single Wall Street executive would be prosecuted. Some pundits claimed that the lack of prosecutorial action was a sign that the whole financial system was rigged, but the federal prosecutor who led the Enron investigation believes that no fraud actually took place.
A 33-year-old New York man who was injured in a car accident was arraigned at a hospital on July 29 on felony DWI charges. The crash reportedly resulted in the death of an 18-year-old girl. Additional charges may potentially be filed depending on the outcome of the investigation.
An alleged drunk driver is in custody after being involved in a crash that killed a 17-year-old New York bicyclist near a Brooklyn park. The accident occurred at approximately 8:45 p.m. on July 17.
New York residents may be aware that the reality television celebrity Abby Lee Miller has been accused of hiding assets and making false declarations during her Chapter 11 bankruptcy. The 'Dance Moms" star is alleged to have kept $775,000 of income she earned for her role on the popular Lifetime Channel show away from her creditors. Media sources reported on June 27 that the 50-year-old television personality had entered pleas of guilty to charges that she structured financial transactions to conceal assets.
Human resources professionals in New York and around the country know that the amount of phishing emails they receive is likely to go up during February and March. This is the period when most employees file their taxes, and HR departments must often contend with numerous requests for replacement W-2 forms. The information found on W-2 forms can be used to file bogus tax returns or apply for credit cards, and reports surfacing in March 2016 indicate that several large companies have been compromised by scammers seeking this valuable data.
According to the New York City Police Commissioner, white-collar crime seems to be increasing in the city as more street gangs are finding this type of crime lucrative. The crimes that are committed across the nation appear to be fraud and identity theft, among other similar offenses.