As mentioned in the previous articles, embezzlement is one of the most common types of white collar crime. Embezzlement could be as simple as a cashier shortchanging customers here and there in the hope that no one catches on.
When embezzlement occurs, an employee -- or individual in a position of trust -- steals property or money from the party that was trusting him or her. As embezzlement involves theft, it is considered to be a form of larceny.
When you receive insider information about a company -- such as from an employee who works at the company -- and you make profitable transactions based on the insider information, you could be violating Securities and Exchange Commission laws. Specifically, you could be committing an insider trading violation.
A legitimate business can sometimes appear like a criminal operation to the federal government. For example, shell companies may be legitimate, but they also might be money laundering operations. The federal government may, therefore, pay scrutiny to the operations of a shell company for signs of illegal conduct.
As the IRS begins reviewing recently submitted tax returns, agents will be on high alert for anything that doesn't look quite right. While making a mistake on a tax filing won't necessarily lead to serious trouble, tax evasion is a serious crime that carries harsh consequences. Understanding what the IRS is looking for can help you or your business avoid tax evasion allegations or be prepared if you do end up facing them.