Financial fraud can involve individuals and corporations who violate federal laws regulating the financial sector. Recent changes in federal law reflect the Government’s growing interest in cracking down on financial fraud.
Frauds upon the Government arising in the financial sector can include:
- Tax Fraud – the IRS whistleblower program
- Dodd-Frank violations – reporting violations of federal securities laws
- Foreign Corrupt Practices Act violations – U.S. companies doing business in foreign countries are prohibited from paying bribes to foreign officials to obtain or retain business.