White Collar Convictions in Newport Beach Receiving Harshest Sentences

White-collar crime is generally recognized as a crime committed by a person in the course of his occupation. White-collar crime tends to overlap with corporate crime because the opportunity for fraud, bribery, insider trading, embezzlement, computer crime, and forgery is more available to white-collar employees. White-collar worker refers to a salaried professional or an educated worker who performs semi-professional office, administrative, and sales coordination tasks, as opposed to a blue-collar worker, whose job requires manual labor.

Recently, one of four co-defendants in a scheme that defrauded investors of more than $50 million was sentenced to 25 years in prison! According to U.S. Attorney Karen P. Hewitt, this sentence represents Read more

Embezzlement on the Rise in Orange County

The former president of a manufacturing company has been sentenced to nearly four years in prison for embezzling nearly $825,000. In addition to her federal prison sentence, the former executive was forced to sell her house and give up her company pension and personal retirement savings to satisfy her fine and help repay her debt.

California Penal Code 503(a) defines embezzlement as Read more

Ex partners of Prominent Class-action Law Firm Sentenced to Federal Prison

Steven Schulman and David Bershad, two former partners of the law firm formerly known as Milberg Weiss, were sentenced to six months in prison each for their role in an illegal class-action lawsuit scheme. It is illegal to pay lead plaintiffs in class-action lawsuits brought by the firm. Under the scheme, Milberg Weiss attorneys agreed to pay class-action lead plaintiffs a portion of the attorneys’ fees if Milberg Weiss won the case. Read more