This week the US Department of Justice (“DOJ”) announced a trio of criminal prosecutions for fraudulent PPP loan applications. Each involved inter-agency investigations involving the IRS Criminal Investigation Division...more
6/26/2020
/ Bank Fraud ,
Banking Sector ,
CARES Act ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
False Statements ,
Financial Institutions ,
Loan Applications ,
Money Laundering ,
Paycheck Protection Program (PPP) ,
Wire Fraud
The SEC recently issued an investor alert warning about crypto advisory and trading websites. The alert cautions investors to be especially wary of web-based crypto-currency sites with any...more
5/8/2019
/ Bitcoin ,
Criminal Prosecution ,
Cryptoassets ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Financial Crimes ,
Indictments ,
Money Laundering ,
Securities and Exchange Commission (SEC) ,
Trading Platforms ,
Websites ,
Wire Fraud
Speaking to a November 16 Money Laundering conference jointly sponsored by the American Banking and Bar Associations, Deputy AG Sally Yates unveiled revisions to the Department of Justice’s U.S. Attorneys’ Manual (“USAM”)....more