2005 Report on Financial Crime

Report on Financial Crime
How To Protect Your Bottom Line

05/04/05

Yes, it's chock full of charts, graphs, and numbers. Yes, it's got a few terms that only the financially savvy would fully understand.

But we think that everyone should read the Financial Crimes Report to the Public issued today by our top Criminal Investigative exec Chris Swecker.

Why? Because it's focused on major white collar frauds that have an impact on your pocketbook. And more importantly, it provides specific tips on how to protect yourself and your family.

What kinds of crimes are we talking about?

1. Corporate Fraud (impacts jobs and hurts investors);
2. Health Care Fraud (it's driving up the cost of your medical care);
3. Mortgage Fraud (these scams, often hatched by industry insiders, are on the rise);
4. Identity Theft (victimizes millions of Americans each year);
5. Insurance Fraud (costs the average family $400 to $700 annually);
6. Telemarketing Fraud (specifically targets the elderly and is increasingly global); and
7. Money Laundering (if you own a business, you need to know the risks).

In this report, we spell out the major steps we're taking to fight these crimes—including intelligence-driven investigations focused on dismantling the most significant criminal enterprises and a range of new and stronger public and private partnerships and task forces. And we highlight 20 recent significant cases.

You'll also learn:

• Whether major corporate fraud cases have begun tapering off;
• Which ten states are the "hot spots" for mortgage fraud;
• What's a "silent second" and "air loan";
• Where most telemarketing frauds originate; and
• What percentage of total health care billings are believed to be fraudulent.

Your bottom line? Get educated. Read and act on our tips for protecting yourself. For your sake and ours, don't fall victim to one of these financial crimes.

Links: Read the full report | More tips on common fraud schemes