In a case that made for some eye-grabbing headlines, federal prosecutors recently filed money laundering charges against a university professor who has for many years been recognized as one of the world's leading authorities on money laundering. According to news...
Money Laundering & Embezzlement
What is embezzlement?
Lawmakers, law enforcement personnel and others sometimes use the term "white-collar crime" to refer to a large category of financial crimes that occur in a workplace setting. The term itself comes from an old-fashioned notion that laborers wore shirts with blue...
Ohio women charged with money laundering for Facebook scam
Three women here are facing charges after allegedly scamming hundreds of people in the U.S. and Canada through Facebook. One of the women was indicted on aggravated theft, money laundering and conspiracy. She is set to go to trial in October.Two of the women...
18 people face charges in Ohio heroin distribution ring
In many criminal cases, money laundering and the distribution of illegal substances go hand in hand. Criminals will often operate a small business, such as a laundromat, salon, or diner, and use that business to launder money made from behind-the-scenes drug deals....
City billing clerk charged with embezzlement
City employees in Ohio are often trusted to handle significant amounts of money and ensure that the money is spent as intended. Using money intended for another purpose or for your own personal benefit is considered a form of embezzlement and can result in criminal...
Consultant accused of misappropriating funds from consumers
When an individual or company illegally and intentionally used funds of another party for their own use, they could be charged with misappropriation of funds. Misappropriating funds is a form of embezzlement, and you could face criminal charges in the state of Ohio....
Pyramid and Ponzi schemes could lead to investment fraud charges
We've all heard of scammers using pyramid or Ponzi schemes as a way of taking advantage of hopeful, unsuspecting investors to get rich. What you may not know is that there are many laws in place in Ohio that prohibit these fraudulent activities. Under the Ohio...
What is embezzlement?
Taking money or property that doesn't belong to you and using it for your own gain, with no intent of giving it back, is generally considered a theft crime in the state of Ohio. Embezzlement is similar to other crimes of theft and/or larceny, but differs in that it...
What is advance fee fraud?
Many people make money on various investments. In the vast majority of cases, this is an ordinary thing to do. Sometimes, investments work out, and at other times, they do not yield the profit expected and may even be a total wash.While it is unfortunate when people...
Restitution orders in Ohio criminal cases
In addition to jail and other penalties, a person who is accused of crimes related to embezzlement or money laundering also faces the strong possibility of being ordered to pay restitution.For those Cincinnati residents who might not know, restitution is the name for...