Two state consultants fined for allegedly submitting fraudulent invoices
California pays huge sums of money to many firms from whom it purchases specialized scientific services. Two such firms, both providing environmental consulting services, were recently found guilty of allegedly conspiring to submit false invoices to the Underground Storage Tank Cleanup Fund, a fund managed by the State Water Resources Control Board.
The charges
According to a statement released by the State Water Resources Control Board, the two consulting firms performed various services for the board and then conspired with a laboratory to submit inflated invoices that substantially overstated the actual charges.
The State Water Board’s Fraud, Waste and …
What is considered insider trading?
There are many different ways people use their money, but investing it can be one of the best ways to maximize it. Proper investments can result in substantial gains. However, bad investments on the other hand can cause people to lose a lot of money. It is important that people research the various investments before making them to ensure they are making the proper ones.
Some people will use every advantage they have in order to ensure that they are making the proper investments, but it is important that everyone has the same advantages. That is why insider trading is …
Three people arraigned for insurance fraud in Sacramento area
Some prosecutors say insurance companies are common targets for fraud because they handle large amounts of cash. A recent indictment of three people from the Sacramento area offers support for this theory.
The allegations of the indictment
The three defendants, a man aged 49 from Angels Camp, a woman aged 68 from Somerset, and a male aged 63 from Rocklin, are alleged to have conspired to fraudulently reduce their payrolls in order to reduce the cost of their workers’ compensation permits and thereby defraud the state’s compensation insurance fund of more than $127,000. The investigation was conducted by the state …
Federal law enforcement plans white collar crime crackdown
For people who live and work in Gold River and the surrounding areas of California, striving to achieve a certain lifestyle and have success is a notable objective. If they are in the finance industry, are business executives or work in some area of the corporate world, there will be legal requirements they must adhere to. Regulations are in place to prevent wrongdoing and give these individuals a guide as to what they can and cannot do. If there are allegations of legal violations, it is important to understand that the penalties can be financially and personally severe. A defense …