As an Illinois resident under suspicion of tax evasion, you may feel fearful about the legal repercussions you may face if found guilty. The penalties associated with tax evasion vary but might include substantial fines, an obligation to pay back taxes, and, in some...
White Collar Crime
Investigation reveals Cook County fraud with federal funds
Any time a company—whether in the public or private sector—uses federal funds, there are stipulations on how to use that money and how to pay it back. If employees and managers fail to stick to those stipulations, there may be cause for fraud allegations. As Chicago...
What the FBI looks for in a corporate fraud investigation
Corporate America is a multifaceted arena of entrepreneurs, investors and business owners participating in a global market. Taken as a whole, it sees billions of dollars change hands every day. Alongside those dollars is information like transactions and trades. In...
Is white-collar crime the end of your career?
Involvement in white-collar crime can have a long-lasting impact on your career. Depending on your level of involvement, your professional success may never be the same. You might wonder if returning to the workforce is a possibility at all. Knowing how to approach...
How does the pretrial stage of a federal investigation work?
When someone reports a federal, as opposed to an Illinois, criminal act to authorities, a particular agency may decide to launch an investigation into the matter. The type of agency that investigates the matter might depend on the type of offense alleged, but if the...
How does intellectual property theft harm independent artists?
As digital technology continues to advance, so do cases of intellectual property theft. This white-collar crime occurs across many different types of media, from art to music. According to the National Crime Prevention Council, intellectual property theft may occur at...
Is missing a tax payment considered tax evasion?
Have you ever completed your yearly taxes only to find out that you actually owe the government money? You may wonder about the legal tax process and any penalties you could face. Therefore, you should understand the principles of tax evasion and whether you are...
3 actions that may trigger an IRS audit
Most Illinois residents never become the subject of an IRS tax audit. However, certain things you may or may not do when filing your taxes might increase the odds of the IRS auditing you. The IRS may also decide to audit you completely at random, although this is...
Mortgage fraud for profit versus housing fraud
If you are facing mortgage fraud allegations, or worry about these charges surfacing, you need to understand all of your options and different factors that could play an important role in the outcome of the case. Mortgage fraud allegations can result in harsh...
How does the law define “fraud”?
Previous posts on this blog address the issue of business fraud and the impact that it can have on both those accused of it and subjected to it. Most people in Illinois likely understand that in any professional transaction, there is a risk of unfavorable returns. Yet...