Posts tagged "White collar crime"

San Jose police officers said a woman suspected of fraud was wearing an electronic monitoring anklet when she tried to run from them last Friday at her home.

The woman, 53, was wearing the anklet as a condition of her release on bail as she awaited trial on previous fraud charges.

Investigators have ordered a California man to hand over his eye charts and close up shop. The owner and operator of a San Jose optical store is charged with a white collar crime that could send the 73-year-old to prison for over a decade.

The elderly optician is accused of conducting eye exams and dispensing prescriptions. Those are jobs that only licensed ophthalmologists and optometrists legally can perform. Opticians are like pharmacists; they can interpret and fill prescriptions but are not allowed to examine patients or prescribe eye treatments.

Most states define embezzlement as the taking of any asset, whether it's money or property, by a person in a position of control over those assets. In California, the crime of embezzlement is covered under the state's Penal Code 503 PC. Someone facing such charges face dire consequences if convicted. But even before that, there is the damage that the mere allegation of wrongdoing can have. Every step in the legal process should be done under advisement of experienced legal help.

In San Luis Obispo County, such a matter appears to have largely run its course. The district attorney for the county says a woman has pleaded no contest to two counts of grand theft by embezzlement. She is scheduled to be sentenced in January. It's too early to say what the punishment may be. Authorities say it will involve some incarceration time, but that she might be able to serve that time under home detention.

A Santa Clara man who used to work for the expert-network company Primary Global Research is facing as much as 25 years in prison after being convicted of white collar crime charges by a federal court jury. The former executive had been accused of conspiracy to commit securities fraud and conspiracy to commit wire fraud.

According to the complaint, the 42-year-old man allegedly helped pass confidential information to fund managers. Prosecutors claimed that he had taken confidential data from various technology company employees who were serving as consultants to Primary Global. They say he then passed that information on to fund managers who paid Primary Global for the consultations from the moonlighting employees.