Organized Crime

  • When Does My Drug Crime Become a Federal Case?

    … State and Federal Drug Laws In every state in the country, possessing, manufacturing or distributing illegal drugs is a serious crime. The majority of the time, people are charged with low-level drug offenses at the state level. In certain circumstances, however, drug crimes are prosecuted by the federal government. What makes a drug crime…

    Matthew Sharp/ The Law Office of Matthew D. Sharp- 24 readers -
  • Game Room Laws in Texas

    … that certain electronic or electromechanical gaming devices are legal, as long as they are intended for genuine amusement and only pay out non-cash prizes that are valued at no more than 10 times the cost of one play of the game or $5, whichever is less. This exception to the law has led to the rise of a serious underground gambling problem…

    Matthew Sharp/ The Law Office of Matthew D. Sharp- 21 readers -
  • Panama Papers… Who is Next (IRS Whistleblower Post)

    … politicians and drug cartels. The IRS Whistleblower Program is interested in all of these folks. Earlier this month the international financial world was rocked by the news that a prominent Panamanian law firm, Mossack Fonseca, had been hacked. The so-called Panama Papers contains about 11.5 million documents detailing information on 214,000 companies…

    Due Diligence- 20 readers -
  • Bearer Bonds – Great IRS Whistleblower Opportunities

    … used by money launderers and tax evaders, they present great opportunity for an IRS whistleblower. Bearer bonds were quite popular until the early 1980’s when they were outlawed by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA). Congress couldn’t outlaw them worldwide but they made it difficult to deposit or redeem them at US banks…

    Due Diligence- 32 readers -
  • Barclay’s AML Violations & Whistleblower Opportunities

    … Barclay’s AML Violations & Whistleblower Opportunities December 20, 2015 by Brian Mahany U.K. Regulators Fined Barclays Bank $109 Million for AML Violations Recent headlines highlighted another massive fine levied against Barclays Bank for failing to adopt suitable anti money laundering (“AML”) and ant corruption protocols…

    Due Diligence- 29 readers -
  • Banks… Victims or Pariahs? (Bank Fraud Post)

    … lawyers of Washington, the banks are the victims as they bow beneath the weight of regulators’ remarkably harsh punishments.” Banks are certainly are crying the blues. Over $100 billion in fines and penalties paid since 2009. That is more than the GDP of many countries. Should we feel sorry for them? Ask folks who lost their home because…

    Due Diligence- 13 readers -
  • What the RICO Act? What Does It Cover?

    … What the RICO Act? What Does It Cover? Posted by Matthew Sharp under Organized Crime September 16, 2015 What Is the RICO Act? When people talk about legal cases involving the RICO Act, they are usually referring to cases of organized crime. This is because Congress established the RICO Act in 1970 to create specific laws to deal with incidents…

    Matthew Sharp/ The Law Office of Matthew D. Sharp- 23 readers -
  • Russian Mob, Big Banks and Whistleblowers

    … At first blush, it’s hard to imagine what whistleblowers, big banks and the Russian mob could have in common. A bank in the tiny country of Andorra, a country that measures just 180 square miles, holds the answer to that question. The U.S. Justice Department announced that Citibank, Bank of America and the U.S. subsidiaries of HSBC…

    Due Diligence- 15 readers -