Many white collar crimes involve very complex investigations by various law enforcement agencies. Many of these investigations are carried out by federal law enforcement officers, because local police departments do not have the resources necessary to spend on these...
White Collar Crimes
White Bear Lake real estate agent sentenced for mortgage fraud
In recent years, real estate agents and appraisers have been the target of a crackdown on mortgage fraud. This means investigators have gotten involved when s series of movement with properties has suggested some kind of collusion or fraud. Recently, a 52-year-old...
Real estate fraud leads to prison time for Eagan man
Even though it was argued the former vice president of a St. Paul developer's real estate firm never financially gained from a real estate fraud scheme, he was still sentenced to serve a year and one day in prison. Out of the nine charged in this real estate fraud, he...
Feds Calling on States to Stop Unemployment Fraud
The U.S Department of Labor estimates that states paid out over $17 billion in fraudulent unemployment payments last year. This includes both people who failed to report that they had returned to work and continued to receive benefits as well as those who claimed...
Final Players of Cook Ponzi Scheme Charged for White Collar Crimes
Minnesota authorities have been actively pursuing the players in the Trevor Cook Ponzi scheme. In June, Christopher Pettengill pled guilty to securities fraud, conspiracy to commit wire fraud and money laundering. In July, federal authorities charged three more men,...
Twin Cities Real Estate Professionals Face Mortgage Fraud Indictment
The aftermath of the subprime mortgage meltdown has meant uncertain real estate markets nationwide and widespread wonder at what went wrong. Federal prosecutors have acted swiftly and forcefully to level accusations toward mortgage industry professionals and make sure...
Mortgage Fraud Crimes Can Lead to Stiff Federal Penalties
In the wake of the subprime mortgage implosion and the lagging economy, mortgage fraud has become increasingly common. But, the federal government has no intention of allowing the problem to continue unabated: significant resources have been dedicated to sniff out and...