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White-collar crime: A surreptitious symphony of deceit, orchestrated by individuals in positions of trust, whose melodies of greed and manipulation reverberate through the corridors of power, leaving a trail of financial devastation and shattered lives in their wake.
This unique and original definition of white-collar crime seeks to capture the essence of this complex and multifaceted phenomenon. It highlights the deceptive nature of these crimes, often perpetrated by those cloaked in a veneer of respectability, and their far-reaching consequences that extend beyond financial losses. The reference to a “symphony” suggests the intricate planning and coordination involved in these schemes, while the imagery of “orchestrated deceit” underscores the deliberate misuse of power and trust. The phrase “reverberate through the corridors of power” emphasizes the pervasiveness of white-collar crime within institutions and the impact it has on society at large. The final line, with its imagery of “financial devastation” and “shattered lives,” reinforces the gravity of these crimes and the human cost they inflict.
The Internet of Things (IoT) refers to any object or device which connects to the Internet to automatically send and/or receive data. As more businesses and homeowners use web-connected devices to enhance company efficiency or lifestyle conveniences, their connection to the Internet also increases the target space for malicious cyber actors. Similar to other computing […]
BUSINESS E-MAIL COMPROMISE: THE 3.1 BILLION DOLLAR SCAM This Public Service Announcement (PSA) is an update to the Business E-mail Compromise (BEC) information provided in Public Service Announcements (PSA) 1-012215-PSA and 1-082715a-PSA. This PSA includes new Internet Crime Complaint Center (IC3) complaint information and updated statistical data. DEFINITION BEC is defined as a sophisticated scam […]
Georgia Trader Pleads Guilty To Largest Known Computer Hacking And Trading Scheme More Than 150,000 Press Releases Stolen from Three Major Newswire Companies Used to Generate Approximately $30 Million in Illegal Trading Profits Earlier today, Leonid Momotok, of Suwanee, Georgia, pleaded guilty to conspiracy to commit wire fraud for his role in an international scheme […]
Defendants Charged with Participating in Sophisticated International Cell Phone Fraud Scheme Criminal charges were unsealed against multiple defendants relating to their participation in a sophisticated global cell phone fraud scheme, involving the takeover or compromise of cell phone customers’ accounts and the “cloning” of their phones to make fraudulent international calls. U.S. Attorney Wifredo A. […]
New York City Pharmacy Owner Arrested For $8.5 Million Fraud As Part Of Largest National Medicare Fraud Takedown In History Preet Bharara, the United States Attorney for the Southern District of New York, Diego Rodriguez, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), and Scott J. Lampert, the […]
National Health Care Fraud Takedown Results in Charges against 301 Individuals for Approximately $900 Million in False Billing Most Defendants Charged and Largest Alleged Loss Amount in Strike Force History Attorney General Loretta E. Lynch and Department of Health and Human Services (HHS) Secretary Sylvia Mathews Burwell announced today an unprecedented nationwide sweep led by […]
According to the Federal trade Commission (FTC), there are around 10 million reported cases of identity theft each year in the United States. A recent report by Eugene Kaspersky, founder and head analyst of Kaspersky Labs (a leading internet security company), indicates that the level of criminal activity on the internet has doubled in the […]
The cell phone has revolutionized the way communications take place in today’s culture.The world of Star Trek has reached beyond the big screen to become a modern day technological tool that has made wireless communication a common day occurrence for millions of people. No longer are consumers bound to hard-wired telephones of years past, the […]
Identity theft is on the increase. Fraudsters are continuously looking for ingenious ways to steal your identity and use this for fraudulent purposes. Sometimes without even realising, you might find yourself in circumstances and situations that put your identity at risk. Having someone else use your personal details, assume your identity, steal your money, and […]
Scams are an old story that’s written anew every day. Some scams have been around for at least a century, such as the Spanish prisoner scam, which has evolved into the Nigerian letter scam of today. Many newer scams utilize the latest in technological advancements to make it ever easier to part fools from their […]