If you face allegations of a white-collar crime, you could be up against federal charges. The FBI investigates several types of white-collar crime. According to the FBI, it has several criminal priorities.
When it comes to priorities, the highest priority is corporate fraud. Corporate fraud causes significant damage to the economy and investors. The FBI happens to be the leading agency that investigates accounting schemes, obstruction and self-dealing.
Falsification of financial information
Falsification of financial information is one of the most common white-collar crimes. For example, suppose your account begins to make false accounting entries or attempts to mislead the IRS or other financial institutions about your company’s financial condition. In that case, the FBI could open an investigation. Likewise, any fraudulent trades meant to hide losses or inflate profits or illicit transactions can create legal trouble for a company.
You can never falsify your net asset values or take part in any market timing schemes. Some of the most common corporate fraud schemes include falsifying financial records to deceive auditors, investors and analysts.
Self-dealing by corporate insiders
Self-dealing includes any insider trading. Insider trading occurs when you trade material, non-public information. Likewise, when a person misuses any corporate property for his or her gain, he or she may face self-dealing charges. Any individual tax violation that relates to a person’s self-dealing also counts.
When it comes to criminal conduct if a person conceals or obstructs an investigation by the SEC or CFTC also constitutes a white-collar crime. The FBI partners with various agencies, such as the SEC, CFTC, the URS, the Department of Labor and many more agencies.