What is a White Collar Crime?
White collar crime is now synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence.1
The United States Code contains many crimes that are variations on a theme of fraud such as wire fraud, mail fraud, bank fraud, securities fraud and many others.
Those familiar with the lexicon of federal crimes will often say there are no innocent people, just the un-indicted. For example, anyone who has ever overvalued his or her personal property on a financial statement given when applying for a loan has committed bank fraud. Your grandmother’s diamond ring might be worth $10,000.00 to you but a quick cash sale is likely to yield far less than that.
Do I have to speak with the FBI if they come to my house?
If a federal agent shows up at your house or business and just wants to talk, don’t do it. You have a constitutional right to decline to speak with anyone and you should exercise your 5th Amendment privilege whenever you are approached by law enforcement on anything other than the very most routine of matters. You don’t want that call to your lawyer to be the one you made right after you finished telling an FBI agent your life story including all of your financial dealings.
Top 10 Most Notorious White-collar Cases
10. Martin Frankel – $200 million
09. Bayou Hedge Fund – $300 million
08. John Rusnak – $691 million
07. Enron – $1 billion+
06. Toshihide Iguchi – $1.1 billion+
05. Nick Leeson – $1.4 billion
04. WorldCom – $3.8 billion
03. Jerome Kerviel – $4.9 billion
02. Allen Stanford – $8 billion
01. Bernard Madoff – $65 billion
1. “White-Collar Crime.” FBI. Federal Bureau of Investigation, n.d. Web. 07 Sept. 2016. https://www.fbi.gov/investigate/white-collar-crime.
2. “American Greed: The Martin Frankel Case.” CNBC. Web. 09 Sept. 2016. http://www.cnbc.com/id/100000095.
3. “Bayou Hedge Fund Group.” Wikipedia. Web. 09 Sept. 2016. https://en.wikipedia.org/wiki/Bayou_Hedge_Fund_Group.
4. “The Fall of Enron.” Wikipedia. Web. 09 Sept. 2016. <http://www.npr.org/news/specials/enron/.
5. “Ex-Daiwa Rogue Trader Says Most Unauthorized Trades Hidden.” Bloomberg. Web. 09 Sept. 2016. http://www.bloomberg.com/news/articles/2014-04-30/ex-daiwa-rogue-trader-says-bulk-of-unauthorized-trades-hidden.
6. “Twenty years on, is Nick Leeson really sorry for breaking the bank?” The Telegraph. Web. 09 Sept. 2016. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11425522/Twenty-years-on-is-Nick-Leeson-really-sorry-for-breaking-the-bank.html.
7. “WorldCom files largest bankruptcy ever.” CNNMoney B. Web. 09 Sept. 2016. http://money.cnn.com/2002/07/19/news/worldcom_bankruptcy/.
8. “French rogue trader Jerome Kerviel freed.” The Guardian. Web. 09 Sept. 2016. https://www.theguardian.com/business/2014/sep/04/french-rogue-trader-jerome-kerviel-freed-prison-socite-generale.
9. “Defiant US fraudster Allen Stanford vows to clear name.” BBC News. Web. 09 Sept. 2016. http://www.bbc.com/news/world-35283297.
10. “How Bernie Madoff’s Ponzi Scheme Worked.” Business Insider. Web. 09 Sept. 2016. http://www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7.
White Collar Crime in Missouri
- Criminal fraud
- Financial crimes
- Money laundering
- Tax evasion
- Mail fraud
- Wire fraud
- Tax penalty abatement
- Medicare fraud
- Medicaid fraud
- Falsification of financial information
- Mortgage fraud
- Identity theft
- Intellectual property theft
- Health care fraud
- Advance fee fraud
- Ponzi schemes
- Promissory note fraud
- Commodities fraud
- Broker embezzlement
- Market manipulation
- Labor racketeering
- Copyright infringement
United States Courts Western District of Missouri
United States Courthouse
222 North John Q. Hammons Parkway
Springfield, Missouri 65806
Cedar County, Dade County, Polk County, Dallas County, Laclede County, Pulaski County, Greene County, Webster County, Wright County, Texas County, Christian County, Douglas County, Taney County, Ozark County, Howell County, Oregon County
Jasper County Courthouse
302 South Main Street
Carthage, Missouri 64836
Vernon County, Barton County, Jasper County, Newton County, Lawrence County, McDonald County, Barry County, Stone County
United States Courthouse
80 Lafayette Street
Jefferson City, Missouri 65101
Pettis County, Benton County, Hickory County, Howard County, Cooper County, Morgan County, Camden County, Moniteau County, Miller County, Cole County, Callaway County, Osage County
Charles Evans Whittaker Courthouse
400 East 9th Street
Kansas City, Missouri 64106
Clay County, Ray County, Carroll County, Jackson County, LaFayette County, Saline County, Cass County, Johnson County, Henry County, St. Clair County
St. Joseph Division
Buchanan County Courthouse
411 Jules Street
Rm. 223-Mann Conf. Rm
St. Joseph, Missouri 64501
Atchison County, Nodaway County, Worth County, Harrison County, Mercer County, Putnam County, Holt County, Andrew County, DeKalb County, Daviess County, Gentry County, Clinton County, Caldwell County, Livingston County