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White-Collar CrimeThese crimes are not violent, but they are not victimless. White-collar crimes can destroy a company, wipe out a person's life savings, cost investors billions of dollars, and erode the public's trust in institutions. The FBI's white-collar crime program focuses on analyzing intelligence and solving complex investigations—often with a connection to organized crime activities. Our white-collar crime investigations can be regional, national, and/or international. The FBI works closely with partner law enforcement and regulatory agencies like:
Examples of White-Collar CrimeCorporate FraudAs the lead agency investigating corporate fraud, the FBI focuses its efforts on cases that involve accounting schemes and self-dealing by corporate executives, as well as obstruction of justice (activities designed to conceal this type of criminal conduct). The FBI’s corporate fraud investigations primarily focus on: Falsification of financial information:
Self-dealing by corporate insiders:
Money LaunderingMoney laundering is turning “dirty” money “clean” by making it look like money from crimes actually came from legitimate sources. Money laundering allows criminals to:
The FBI focuses its efforts on money laundering facilitation—targeting professional money launderers, key facilitators, gatekeepers, and complicit financial institutions, among others. Criminals who engage in money laundering derive their proceeds through:
Criminals use a number of tools to launder money, including:
There are three steps in the money laundering process—placement, layering, and integration:
The FBI regularly coordinates with other law enforcement agencies, international partners, and industry to detect and disrupt money laundering. Securities and Commodities FraudThe creation of complex investment vehicles and the tremendous increase in the amount of money being invested have created greater opportunities for individuals and businesses to create fraudulent investment schemes. To investigate and help prevent fraudulent activity in the financial markets, the Bureau works closely with various government and private organizations to investigate securities and commodities fraud. Mortgage and Financial Institution FraudFinancial institution fraud happens when criminals target banks, credit unions, and other financial institutions. Many schemes involve compromising customers' accounts or personal information. Embezzlement and misapplication of funds are two common financial institution fraud crimes in FBI investigations. Sometimes, fraud can be severe enough to cause the failure of a bank or credit union. Mortgage fraud happens when someone lies to influence a bank's mortgage decision or if a distressed homeowner is the victim of a fraud. There are two areas of mortgage fraud:
The FBI works with partners to investigate mortgage and financial institution fraud cases. The FBI participates in task forces that share intelligence, de-conflict cases, and create joint investigations. Intellectual Property Theft/PiracyIntellectual property theft involves robbing people or companies of their ideas, inventions, and creative expressions—known as intellectual property. This can include everything from trade secrets to proprietary products to movies, music, and software. Intellectual property theft costs U.S. businesses billions each year. The FBI's intellectual property investigations focus on the theft of trade secrets and copyright infringement on products that can impact people's health and safety, like counterfeit parts for cars and electronics. The FBI works with partners in the private sector and other law enforcement agencies at all levels to investigate these cases. Learn more at the National Intellectual Property Rights Coordination Center. Similarly, economic espionage costs the American economy hundreds of billions of dollars per year and puts our national security at risk. In these cases, foreign competitors deliberately target economic intelligence in advanced technologies and successful U.S. industries. FBI Resources
Common Scams and CrimesLearn about some of the most common scams and crimes that the FBI encounters, as well as tips to help prevent you from being victimized.
Asset ForfeitureAsset forfeiture is a powerful tool used by law enforcement agencies, including the FBI, against criminals and criminal organizations to deprive them of their ill-gotten gains through seizure of these assets.
Money MulesA money mule is someone who transfers or moves illegally acquired money on behalf of someone else. Some money mules know they are supporting criminal enterprises; others are unaware that they are helping criminals profit. Don't be a mule.
CounterintelligenceThe FBI is the lead agency for exposing, preventing, and investigating intelligence activities, including espionage, in the U.S. What is the SEC quizlet?SEC. The Securities and Exchange Commission (SEC) is a government commission created by Congress to regulate the securities markets and protect investors SEC founded in 1930. In addition to regulation and protection, it also monitors the corporate takeovers in the U.S.
Who does the SEC oversee SEC US Securities and Exchange Commission quizlet?The SEC has sole authority to regulate and oversee all investment banks under the Banking Act of 1933 commonly called the Glass-Steagall Act. This jurisdiction and oversight covers licensing, compensation, filing, accounting, advertising, product offerings, and fiduciary responsibilities.
Which of the following is a major drawback of public stock companies according to Michael Porter and others?Which of the following is a major drawback of public stock companies, according to Michael Porter and others? They prioritize financial performance over all else.
Which type of company is considered a unicorn multiple choice question?Key Takeaways. Unicorn is the term used in the venture capital industry to describe a startup company with a value of over $1 billion. The term was first coined by venture capitalist Aileen Lee in 2013. Some popular unicorns include SpaceX, Robinhood, and Instacart.
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