DAVID OLSON BLOG


Category: Fraud


MAR. 3 2017
4 of the Worst Defense Strategies for Bank Fraud Charges
4 of the Worst Defense Strategies for Bank Fraud Charges
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For a nonviolent crime, bank fraud can do some truly serious damage to those who are affected by it. Perhaps that’s why the consequences for bank fraud – both in Florida and at the federal level – are so severe, and why we tend to want to know why people did it when big cases are publicized.

 

What drove them to do it? Or, if they’re claiming innocence, what’s their defense? Unfortunately, while there are plenty of strong defense strategies that a knowledgeable Florida white collar crimes lawyer may be able to use to help their clients, there is …

FEB. 3 2017
5 Common Healthcare Fraud Schemes in Florida and Beyond
5 Common Healthcare Fraud Schemes in Florida and Beyond
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Every year, health insurance premiums get more expensive. The cost of some prescription drugs is in the hundreds of dollars. Worse, even with insurance a trip to the doctor or dentist can end up resulting in you getting billed thousands. Why is healthcare so expensive?

 

Part of the exorbitant cost of healthcare comes from rampant fraud throughout the healthcare system itself. Every year, healthcare fraud costs Americans tens of billions of dollars, with numbers reaching into the hundreds of billions. Yes, that is billions with a “B.”

 

This fraud comes in many forms. With so much money pouring …

SEP. 26 2016
Bitcoin Isn’t Money Laundering, Says Florida Court
Bitcoin Isn’t Money Laundering, Says Florida Court

If you are in the tech world, you might have heard about the ongoing case of the State of Florida vs. Michell Abner Espinoza. Abner was accused of money laundering and unauthorized transmission of money, but for many, the ruling affects more than just one man’s prison sentence. The case discussed the definition and distinction of “Bitcoin,” commonly regarded as an online measurement of currency.

 

The case’s final ruling in July may come as a shock to many Bitcoin users. The state of Florida ruled that Bitcoin isn’t money, and selling it is not considered “transmission” under Florida law. …

JULY  26 2016
GEICO Files RICO Lawsuit in Florida
GEICO Files RICO Lawsuit in Florida
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Earlier this month, insurance giant GEICO announced that it filed a lawsuit against five companies and six individuals in Florida that are suspected of committing insurance fraud. The company stated that the defendants created fraudulent invoices and bills regarding glass repairs. GEICO claims that the payments it made to the defendants were unnecessary, as the repairs were not needed or even carried out.

 

GEICO wants to use this lawsuit to prove how serious the company is about its zero-tolerance policy. The company has also mentioned hopes for legislative reform regarding insurance fraud, using the lawsuit to send a message …

MAY  18 2016
You Can Be Charged Just for Using Stolen Credit Card Information
You Can Be Charged Just for Using Stolen Credit Card Information

Credit card fraud is a form of theft. But many people assume this means that you have to be the one who actually steals the card or the information to use it.

 

Sadly, nothing could be further from the truth. Even if you did not personally commit the theft, you can be charged for using credit card information that has been stolen. It’s something that the women who turned to Terilyn Riggins for help know all too well.

 

Who is Terilyn Riggins? She’s the woman apparently at the center of a host of fraudulent credit card transactions in …

APR. 25 2016
The Best Defenses for Corporate Fraud
The Best Defenses for Corporate Fraud

 

Corporate fraud is one of the FBI’s top priorities. While it’s true that this type of fraud has always been an issue, the Enron scandal of 2001 really seemed to put corporate fraud on the mainstream “map”.

 

Enron, named by Fortune magazine as “America’s Most Innovative Company” for six years in a row prior to the scandal, kept massive debts off of their balance sheets, which resulted in shareholders losing $74 billion – yes, with a b – thousands of investors and employees losing their pensions, and many employees ultimately losing their jobs.

 

WorldCom, Tyco, HealthSouth, Freddie …