101. Money Laundering: Ring Around The White Collar whitecollar professionals sometimes are used to help launder money. The money was wire transferred to a bank in Panama, a country then known for its http://www.aicpa.org/pubs/jofa/jun2003/wells.htm

Home Online Publications Journal of Accountancy Online Issues ... June 2003 Money Laundering: Ring Around the White Collar THE FRAUD BEAT How hide-and-seek becomes a game for auditors. Money Laundering: Ring Around the White Collar BY JOSEPH T. WELLS Illegal Acts by Clients, which requires CPAs to be familiar with the types of illegal behaviors that could have a direct and material impact on financial statements. The new fraud standard, SAS no. 99, Consideration of Fraud in Financial Statements, requires independent auditors to assess the risk that fraud could materially misstate the financials. LEGITIMATE BUSINESS/ILLEGAL MONEY Fraudsters use two methods to launder funds in a legitimate business. Overstatement of reported revenues means that illegal money is mixed with legitimate money, thereby boosting total revenues. The downside of this method is the perpetrator must pay taxes on the money. To avoid this, many launderers make extra payments to themselves in the form of disguised consulting fees, salaries and the like. Balance sheet laundering occurs when the thief parks the money in the company bank account. The problem with this method is that it is easily detected; the company bank accounts would be overstated by the same amount when compared with the financial statements. However, balance-sheet laundering provides one major benefit to the miscreant: The illegal loot is safely locked away in a bank.

102. Sentencing Of Corporate Fraud And White Collar Crimes white collar Crime, Business fraud, and Regulatory fraud As to the appropriate quantum of punishment for true whitecollar fraud, I have no crystal ball http://www.heritage.org/Research/Crime/test032403.cfm

site map help contact us The Heritage Foundation ... Crime Sentencing of Corporate Fraud and White Collar Crimes Policy Archive: view by date Policy Archive: view by issue ... Return Home Sentencing of Corporate Fraud and White Collar Crime by Paul Rosenzweig Testimony Good morning Judge Murphy and Members of the Commission.Thank you for the opportunity to testify on the proposed amendment regarding corporate fraud and, more generally, about the nature of white-collar crime sentencing. White Collar Crime, Business Fraud, and Regulatory Fraud The proposal before the Commission would (as did the emergency amendment) add two new levels to the loss table in section 2B1.1 at the top end, providing for even greater penalties for frauds involving more than $200 and $400 million respectively.It would also make permanent various new provisions enhancing penalties when the fraud in question affects a large number of victims, involves a director or officers of a publicly traded company, or substantially endangers the safety and soundness of a financial institution, a public company, or a large private company. all With all due respect to the Department, I believe that the alternative it urges, embodied in the options proposed for consideration by the Commission, misread Congressional intent in enacting Sarbanes-Oxley.

103. Akerman Senterfitt - Practice Description - White-Collar Crime Our whitecollar crime attorneys include a number with significant experience when yesterday s business tort is today s fraud-based criminal indictment. http://www.akerman.com/public/practice/pDescr.asp?id=49

104. Hughes Hubbard And Reed : White Collar Crime & Corporate Compliance Practice Members of our white collar crime practice have significant prior Representation of a healthcare provider charged with fraud in connection with the http://www.hugheshubbard.com/practice/detail.asp?PracticeAreaID=128

105. Legal Week whitecollar Crime What’s your identity? Accordingly, identity fraud and theft has become an increasingly common problem. http://www.legalweek.com/ViewItem.asp?id=24543

106. Miller & Chevalier | Areas Of Practice | Litigation | White Collar Crime Litigat We have a nationwide practice in white collar cri. fraud white collar Crime Firm Profile Significant Engagements Professional Biographies http://www.millerchevalier.com/practice/subspecialty.asp?areaid=83

107. ACFE Article: Money Laundering: Ring Around The White Collar Source fraud Examiners Manual, Third Edition, Association of Certified fraud whitecollar professionals sometimes are used to help launder money. http://www.cfenet.com/resources/Articles/ViewArticle.asp?ArticleID=24

108. LLRX.com - Fighting Corporate And Government Wrongdoing: A Research Guide To Int Enron officials and Arthur Andersen accountants for whitecollar crimes such as fraud, I. Selected white-collar Crime and Anti-Corruption Laws http://www.llrx.com/features/whitecollarcrime.htm

Navigation Advanced Search Law Pro Links LLRX Buzz LLRX Top 10 Meta Links Newstand Resource Centers - Document Delivery - Comparative and Foreign Law - International Law - Intranets/Knowledge Management - Marketing - Search Engines Fighting Corporate and Government Wrongdoing: A Research Guide to International and U.S. Federal Laws on White-Collar Crime and Corruption By Kumar Percy Kumar Percy is the Head of Faculty Services for the Jamail Center for Legal Research, Tarlton Law Library, of The University of Texas at Austin School of Law. Mr. Percy received both his B.S. and J.D. with honors from Tulane Law School, New Orleans, and his M.L.I.S. at San Jose State University. Before joining the Tarlton Law Library he practiced law in San Francisco. He is a member of the State Bar of California. Published August 15, 2002 Table of Contents Introduction I. Selected White-Collar Crime and Anti-Corruption Laws A. Selected International Treaties and Other Agreements 1. Regional and Non-Governmental Agreements ... 2. Selected Journal Articles Regarding U.S. White-Collar Criminal Law Introduction Corporate and government corruption is the largest financial story of the year. Federal prosecutors are currently investigating Enron officials and Arthur Andersen accountants for white-collar crimes such as fraud, misrepresentation and obstruction of justice. There are also reports that corruption is the root cause of the economic collapse in Argentina and financial problems of countries throughout the world. Corruption is in the thoughts of everyone who has a retirement fund which holds stocks.

109. Jenkens Gilchrist - Practices - White Collar http://www.jenkens.com/jenkens/practicearea.asp?Practice=WhiteCollar

110. White Collar Crime whitecollar crime is not a classic, clear-cut case of deviance. Frauds The savings and Loan scandal of the 1980 scost to taxpayers $1.4 trillion http://www.umsl.edu/~rkeel/200/wcolcrim.html

White Collar Crime (from Goode, 5th, 1997, chapter 12 and 6th, 2001 chapter 6, and 7th chapter 13) Crimes committed by the affluent in the course of normal business activities Expanded by some to include a wider range of "middle-class" criminality and "high-tech" crimes Legitimate business, deviant activity Internal versus external judgements Secrecy Opportunity structures Institutional climate (see, the Legal Information Institute overview Versus Organized crime organization directed towards deviance White-collar crime is not a classic, clear-cut case of deviance. It has one foot in conventionality and one foot in deviance. Most of us hold the conception that “crime” is what street people, or at least poor people, do. Thus, there is, a certain incongruity in seeing an affluent, 60 year-old banker in handcuffs and a prison uniform. Characteristics Deliberate acts motivated by profit Corporate Culture: Criminogenic: Differential Association Element of Learning, Peer support, Rationalization and Neutralization Victimization : Diffuse Lack of reporting and defining Civil vs. criminal violations

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