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Posts tagged "Money Laundering & Embezzlement"

The penalties for embezzlement can be steep and life changing

White collar crimes may not seem as serious as other criminal offenses; however, these crimes can carry significant penalties. State laws treat embezzlement differently, and in Ohio, the laws surrounding the penalties for embezzlement are within the laws about theft. Generally, a number of factors can affect the charges that one is facing and the penalties associated with it, including the type of property stolen and from whom it was stolen, as some victims can belong to a protected category, such as the elderly or disabled. Additionally, the value of the assets stolen and the person being accused's criminal history is also considered when these decisions are being made.

Are all low-risk investment schemes illegal?

Exploiting price discrepancies in different markets of an identical or similar asset is not an illegal practice, contrary to what many Ohio residents think. This practice often generates low profits at low risks-the seller is simply buying in one market while simultaneously selling in the other. For example, a stock may be trading at $10 in one market and $10.10 in another. A trader would buy it at $10 and sell it at a higher price in the other market. This type of low profit sale is actually encouraged in some markets to erase market inefficiencies.

Is falsifying a record a white-collar crime?

Many people believe that white-collar crimes are victimless. Unlike theft or robbery, where the victim is identifiable, embezzlement or money laundering doesn't target a specific person. This is Ohio residents may think the penalties associated with it are lenient, but this is not the case. White-collar crimes are treated very seriously by the authorities and often give rise to monetary fines and imprisonment.

What is embezzlement?

When an Ohioan takes something that is not theirs, they may be accused of stealing the allegedly stolen item or of being a thief. Allegations of theft are serious and some readers may not understand what makes a charge of embezzlement any different from a regular charge of theft or larceny. In most jurisdictions, a person will face embezzlement charges instead of larceny or theft charges, if they held a role of responsibility or trust with regard to the organization from which the item or assets were allegedly stolen.

The role of depositions in the justice system

if someone is facing criminal charges, whether relating to drug crimes or money laundering, they should not take the prosecution's word that there is evidence against them at face value. Parties have and should avail the right to conduct an investigation into the charges and find out more about the case. If received before the trial begins, it can provide valuable insight into what the other party might try to argue or if the case can be resolved through a plea negotiation.

Hundreds of money laundering charges for father, daughter

It takes years for hardworking individuals to create a name for themselves in business circles and establish themselves as competitive and reputable businesses. All of the hard work though, can be lost in an instant if they face allegations and subsequent charges of wrongdoing, even before those allegations are proven in a court of law.

Ohio man accused of money laundering from nonprofit

When a person is accused of a white-collar crime, they may think that the situation is not too serious. However, nothing could be further from the truth. Prosecutors in Ohio will not go easy on those they accuse of committing a white-collar crime, and will prosecute them to the full extent possible. Therefore, those accused of white-collar crimes should take all the steps necessary to defend themselves, as one Ohio man may soon need to do.

The elements of money laundering in Ohio

We see it in the movies all the time. Individuals obtain money illegally, often through drug transactions, then they must find a way to "clean" it so that the authorities cannot trace that money back to illegal operations. This is often done by setting up a front business that is legitimate, then falsifying records to make it appear that the illegally obtained funds were obtained through legal means. Under Ohio law, such actions are illegal. However, those who have been accused of these crimes may want to look at the actual law to obtain a better understanding of what prosecutors must show before they can obtain a conviction.

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