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- 26 readers -
  • Game Room Laws in Texas

    … of dollars. Despite its name, it is actually illegal to play this game for money in a casino in the state of Texas. It’s true that nearly all forms of gambling are strictly prohibited in the state of Texas. However, many people are using loopholes, legal maneuvering and outright deception to work around this law. There is an illegal and semi-legal…

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

    … Unreported offshore accounts have long been a tool of the rich hoping to evade taxes. While the average American struggles to make ends meet, a few ultra wealthy folks think it is perfectly acceptable to stash a few million bucks in a secret foreign bank account. Worse, offshore accounts are often used by terrorists, organized crime, corrupt…

    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

    … is FinCEN, the Financial Crimes Enforcement Network. FinCEN director Jennifer Shasky Calvery said in a prepared statement, “Corrupt high level managers and weak anti-money laundering controls have made BPA an easy vehicle for third-party money launderers to funnel proceeds of organized crime, corruption and human trafficking through the U.S…

    Due Diligence- 15 readers -