Part of the Series Financial Crime and Fraud Laws Explained Gregory Smith / Getty Images Before its demise, Enron was a large energy, commodities, and services company based in Houston, Texas. Its collapse affected over 20,000 employees and shook Wall Street. At Enron’s peak, its shares wer...
4. Home Loan (Mortgage) Fraud Mortgage fraud is another common and devastating form of loan fraud. If an identity thief has enough of your personal information — such as your tax return and Social Security number — they can apply for mortgages in your name. ...
Title fraud is considered relatively rare compared to other property scams – such as mortgage fraud or business email compromise (BEC) scams. However, the repercussions can be devastating, and a recent surge of this crime type in the Greater Toronto Area – where at least 30 homes have been...
Don’t Do Time for an Identity Thief’s Crime Aura’s digital security app keeps your family safe from scams, fraud, and identity theft. See pricing Share this: What Is Criminal Identity Theft? How Bad Is It? Criminal identity theft occurs when someone uses your stolen ID or personally...
Department of EconomicsJohannes Kepler UniversityPublic Finance ReviewSchneider, F. “The Financial Flows of Transnational Crime and Tax Fraud in OECD Countries: What Do We (Not) Know? ”, WP, November 2012; available at http://www.economics.uni-inz.ac.at/members/Schneider/files/publications/...
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) protects our financial system. FinCEN is responsible for enforcing the Corporate Transparency Act.
Downloads that happen without the knowledge of the person, like a computer virus, spyware, malware, or crimeware. 13. Malvertising Malvertising is a kind of advertising that spreads malware by using ads to get sensitive information and to get into the system. 14. Rogue Security Software Rogue...
Carding is a crime that often involves the purchase of gift cards which can then be spent on relatively difficult-to-trace goods. The goods are then re-sold online or elsewhere. The credit or debit card information may also be resold to others for use in various illicit schemes, such as ...
Cyber crime is a general term describing the myriad of criminal activities carried out using a computer, network, or another set of digital devices. Consider cyber crime the umbrella over the vast range of illegal activities that cyber criminals commit. These include hacking, phishing, identity the...
A federal felony is a type of crime that involves breaking a national-level law instead of a local-level one. The penalties for...