When someone steals another person's identity for the purpose of committing fraud, they may be charged and convicted of identity theft. Under Virginia Code, Section 18.2-186.3, identity theft is a crime and could result in misdemeanor or felony charges, depending on the severity of the crime.
Some of our readers may have seen that, according to a recent report, a 53-year-old business man in Fairfax is facing fraud charges for his alleged involvement in a fraud scheme. Prosecutors alleged that the man made false claims to investors, saying that he was in charge of his financial company assets, worth $1.4 billion.
Benjamin Franklin once said that nothing in this world was certain, except death and taxes. While most of us have begrudgingly accepted that paying taxes is just a part of life, some people continue to try to avoid paying them at all costs. For that reason, Virginia lawmakers, as well as the Federal government, have cracked down on tax evasion and tax fraud, making them serious crimes with long-term consequences.
Nowadays, many older Americans count on Medicare to provide them with health care benefits courtesy of the government. However, there are many forms of Medicare fraud that could result in criminal charges. Medicare fraud is a serious crime and the FBI will conduct thorough investigation to ensure that anyone committing this type of fraud faces the appropriate consequences. Generally, if you are convicted of Medicare or Medicaid fraud, you may face time in prison, significant fines, and various other penalties.
No matter how much money is in dispute, a fraud charge can lead to serious penalties that could affect the rest of your life. Someone convicted of fraud may lose their job, be required to pay significant fines and possibly spend time in prison. The consequences you face will depend on the amount in dispute, your criminal history and the circumstances surrounding your arrest.
Online shopping has become the preferred way for many Americans to buy products, which means an increase in credit card usage. As a result, more and more people are facing criminal charges for credit card fraud and theft. Under Virginia law, anyone found guilty of credit card fraud or theft could face significant jail time, fines and other consequences.
When a person is accused of deceiving a person or entity for their own personal gain, they may face fraud charges. A Virginia woman was charged with conspiracy to commit wire fraud for her role in a $5 million fraud scheme. The woman apparently told multiple alleged victims that she needed money to pay for healthcare software, supposedly bought out of escrow in Austria. Prosecutors say the woman used the money to buy luxury items and travel. She is accused of spending about $1 million on shopping at stores like Chanel and Gucci, and another $1 million on luxury travel.
Doctors must meet all legal requirements before treating patients or promoting themselves as a medical professional. One Virginia man allegedly committed fraud when he used physicians' personal information when applying for jobs with medical staffing companies. The man claimed to be a doctor licensed to practice medicine in Virginia. As a result, these staffing companies were fraudulently induced to hire him as an independent contractor.
A previous post highlighted a specific white-collar crime. Embezzlement, which is considered a theft crime, can carry with it serious penalties. Fraud is another type of white-collar crime, and it can come in many forms, occurring in a wide variety of situations. If you have been accused of fraud, it is important to take the matter seriously, determining your options when it comes to asserting a defense.
When individuals in Virginia and elsewhere think about financial crimes, they likely think about the theft of money through a robbery or fraud. They might also think about the accused offender seizing the money from a stranger. While these types of crimes do occur and carry with them serious penalties, some financial crimes stem from a person's employment. Embezzlement charges stem from an employee's supposed theft or larceny of assets he or she is in the position of trust or responsibility over the said assets.