White Collar Crime

Find the latest news on a full range of frauds committed by business professionals and government officials, including mortgage fraud, securities fraud and heath care fraud.

Apr 7, 2011

Prosecutors claim that the head of a New York-based bar code technology company committed $3.5 million worth of fraud, The Associated Press reports.

According to the news provider, Cary Bunin recently pleaded not guilty to grand larceny and other charges and is currently being held on $350,000 bail.

According to the Manhattan district attorney's office, the 69-year-old Bunin allegedly told potential supporters that he was a wealthy investor who was simply running the company, BTI, for fun because he didn't actually need to work.

Prosecutors accuse the CEO of

Mar 28, 2011

A former executive director of the Lacey, Washington Chamber of Commerce has been charged with the theft of approximately $18,000 from the chamber over a three-year span, the News Tribune reports. 

According to the news source, an investigation conducted by Lacey police revealed that Jenny Thorsell allegedly lost more than $20,000 at the Red Wind Casino in November.

Mar 15, 2011

A Utah state judge recently ordered a West Jordan resident to pay $2 million in punitive damages for his role in a white collar crime case aimed at homeowners, The Associated Press reports.

According to the news provider, the judgment against David Moffitt was handed down by Third District Judge Mark Kouris after a bench trial.

"This type of white collar fraud has done great damage to the nation and a message needs to be sent to the public that the defrauding of investors with real estate and securities schemes will not be tolerated or taken lightly by the judicial syste

Mar 3, 2011

Former Colonial Bank Executive Catherine Kissick recently pleaded guilty for her actions associated with covering up frauds during the mortgage crisis, which reportedly helped pave the way for the organization's collapse as well as that of Taylor, Bean & Whitaker Mortgage (TBW) Corporation.

Reuters reports that Kissick was the head of the bank's Mortgage Warehouse Lending Division.

Feb 23, 2011

Jack B. Johnson, a former Prince George's County, Maryland executive, has been charged with accepting more than $200,000 in bribes and playing a prominent role in corruption involving other county officials, the Washington Post reports.

The new charges in the 31-page indictment filed in U.S.