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Date: April 29, 2024 Mon
Time: 8:12 pm
Time: 8:12 pm
Results for white-collar offenses
2 results foundAuthor: U.S. Department of Justice, Office of the Inspector General, Audit Division Title: Audit of the United States Marshals Service Complex Asset Team Managment and Oversight Summary: The Department of Justice (DOJ) may seize and then compel forfeiture of assets used in or acquired through illegal activity. Such assets may include cash, bank accounts, vehicles, jewelry, stocks, real estate and operating businesses. The United States Marshals Service (USMS) Asset Forfeiture Division manages and disposes of properties seized and forfeited by federal investigative agencies and U.S. Attorneys nationwide. As of March 2011, the USMS held seized assets estimated to be worth over $3.8 billion, with cash and other financial instruments comprising about 93 percent of these assets’ estimated value. The Complex Asset Team within the Asset Forfeiture Division works with USMS district personnel to help secure, appraise, and dispose of assets requiring specialized commercial expertise, including operating businesses, complicated financial instruments, and large commercial real estate properties. In recent years, the size and complexity of the Complex Asset Team’s asset portfolio have grown with the greater sophistication of multimillion-dollar financial crimes – such as those perpetrated by high-profile, white-collar criminals including Bernard Madoff – that yield forfeitable assets. Mismanagement of these complex seized assets can diminish the value of seized assets, result in excessive asset management costs, and expose the government to lengthy litigation with potential claimants. Any improprieties associated with asset forfeitures also can generate public distrust that can undermine the legitimacy of asset forfeiture as a tool for combating crime. The DOJ Office of the Inspector General (OIG) recently conducted an investigation into an allegation that Leonard Briskman, the lead career official with the Complex Asset Team, owned a private appraisal business that presented a conflict of interest with his official USMS duties, which involved valuing and selling assets. The investigation did not substantiate the allegation made against Briskman, but concerns about potential irregularities in the USMS’s management of complex assets prompted the OIG to conduct this audit of Complex Asset Team operations between 2005 and 2010. Details: Washington, DC: U.S. Department of Justice, Office of the Inspector General, 2011. 98p. Source: Internet Resource: Audit Report 11-42: Accessed September 19, 2011 at: http://www.justice.gov/oig/reports/USMS/a1142r.pdf Year: 2011 Country: United States URL: http://www.justice.gov/oig/reports/USMS/a1142r.pdf Shelf Number: 122778 Keywords: Asset Forfeiture (U.S.)U.S. Marshals ServiceWhite-Collar CrimeWhite-Collar Offenses |
Author: KPMG Title: Global profiles of the fraudster: White-collar crime -- present and future Summary: Fraud specialists have long debated whether it is possible to develop a profile of a fraudster that is accurate enough to enable organizations to catch people in the act of fraud or even beforehand. The prediction of a crime before it occurs is, at least for now, the subject of science fiction. But an analysis of the constantly changing nature of fraud and the fraudster can help organizations stiffen their defenses against these criminal activities. Forewarned is forearmed. Global profiles of the fraudster contains KPMG International's analysis of 596 fraudsters member firms investigated between 2011 and 2013 with insights into the relationship between the attributes of fraudsters, their motivations and the environments in which they flourish. KPMG International gathered data from fraud investigations conducted by KPMG member firms' forensic specialists in Europe, Middle East and Africa (EMA), the Americas, and Asia-Pacific regions between August 2011 and February 2013. The survey examined 'white-collar' crime investigations conducted across the three regions where we were able to identify the perpetrator and could provide detailed contextual information on the crime. We have developed a series of themes in order to understand the changing relationship among the fraudster, his/her environment and the frauds committed. And after taking into account the insights of our investigation leaders around the world, we conclude that the type of fraud and the type of fraudster are continually changing. Details: Zurich, SWIT: KPMG, 2013. 28p. Source: Internet Resource: Accessed October 6, 2014 at: http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/global-profiles-of-the-fraudster/Documents/global-profiles-of-the-fraudster-v2.pdf Year: 2013 Country: International URL: http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/global-profiles-of-the-fraudster/Documents/global-profiles-of-the-fraudster-v2.pdf Shelf Number: 133560 Keywords: Crimes Against BusinessesFinancial CrimesFraudWhite-Collar CrimeWhite-Collar Offenses |