White Collar Crime Program
Health Care Fraud contributes to losses exceeding $95 billion a year and is perpetrated by a host of medical and legal professionals including doctors, lawyers, pharmacists, physical therapists and other medical providers who over bill or stage illnesses or accidents in order to receive fraudulent income.
Telemarketing Fraud uses telephones and computers as weapons to generally defraud elderly victims of their money. Victims are told that they have won a prize or cash which requires the victim to furnish cash to the telemarketer prior to the release of the gift or prize. Seventy percent of the victims of this type of crime are elderly citizens.
Environmental Crimes are investigated by the FBI along with the Environmental Protection Agency (EPA) and other State agencies and involve crimes against our natural resources. Crimes like poisonous polluting involve the illegal disposal of harmful substances such as industrial chemicals, medical waste, asbestos and other harmful waste by criminals attempting to avoid the cost of properly disposing of toxic waste and leads to health risks to all citizens.
Financial Institution Fraud is a crime that causes losses to our banking institutions one hundred times greater than all robberies. The crimes investigated by the FBI include Check Fraud, Loan Fraud, Employee Theft, Money Laundering, Mortgage Fraud, Credit Card Fraud and fraud discovered in any service offered by a federally insured bank.
Public Corruption is investigated by the FBI of public officials who have broken the public trust through criminal activity. The subjects of these investigations are local, state, and federal officials including judges, police officers, congressmen, mayors and other public officials entrusted with serving the public. Most investigations focus on payoffs to these officials.
Insurance Fraud involves losses to the public exceeding $67 billion per year. The subjects of these criminal investigations are generally salesmen who have diverted insurance premiums to their own use or of individuals who have set up insurance companies that are not financially able to underwrite the insurance sold to the public.
Bankruptcy Fraud is a scheme used by criminals to avoid paying debts and to creditors. It is estimated that approximately 10% of all filings involve fraud. Two-thirds of bankruptcy fraud involves the criminal hiding assets like cars, boats, jewelry, and cash from the bankruptcy court and creditors.
Securities Fraud is committed by a number of individuals including investors, brokers and corporate employees who use their position or knowledge to manipulate the market through schemes like insider trading, false financial reporting and other misrepresentations which generally overvalue the stock of a company in order to facilitate either the sale or purchase of the stock in the criminals favor.
Fraud Against the Government is a significant crime problem which affects all
citizens. Through Procurement Fraud such as inflated billing
or substandard work being completed by the vendor the government
often times receives an inferior product which can affect the
safety of the public. The funds stolen through this criminal
activity are funds generated through the taxes levied against
U.S. citizens. The FBI works with a number of federal agencies
in efforts to combat this fraud and ensure that the public receives
the goods and services called for in government contracts.