When disasters hit, the impact can take its toll on individuals, communities, businesses and much more. In the midst of a disaster or shortly thereafter, people, businesses and governments are focused on moving forward. And disaster fraud, a type of financial crime that typically occurs after a catastrophe, is typically not at the forefront of …
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White Collar Crime Prosecutions in UK Fall to Five-Year Low
The U.K. side of the Thomson Reuters Legal business recently released a study showing that white collar crime prosecutions fell to a five-year low. White collar crime includes offenses such as fraud, money laundering, cybercrime and insider trading. Prosecutions in the U.K. were down 14 percent* to 6,670 last year, from 7,790 in 2017. The …
Conversation on Preventing Fraud, Waste and Abuse
Government agencies face countless issues ranging from concerned citizens to challenges managing budgets and other resources. The Atlantic Council and Thomson Reuters are hosting a conversation with Inspectors General on their strategies to prevent fraud, waste and abuse. The session, titled “Mission Not Impossible: How Inspectors General Untangle Webs of Deceit,” is open to the …
From Penthouse to Big House: Pharma Bro, Fraud & Forfeiture
Martin “Pharma Bro” Shkreli earned national attention in September 2015 when a company he founded earlier the same year, Turing Pharmaceuticals, acquired the drug Daraprim and raised its price from $13.50 to $750 per tablet. That’s an astronomical increase of 5,000%. However, a fraudulent scheme involving three other companies he founded is what landed him …
An Abbreviated History of the False Claims Act: Enlisting Citizens in the Fight Against Fraud
The Federal Government spends more than $3 trillion a year on everything from healthcare, defense, education, and housing, to technology, research and beyond. With that much money on the table, efforts to defraud the government are inevitable. Identifying, stopping or deterring fraud, however, can be difficult, given the challenging nature of detecting fraud and allocating …
Protecting your data from unwanted eyes
This article was written by Katherine Sagona-Stophel, government analyst at Thomson Reuters, and originally appeared on the Knowledge Effect blog. We live in an information age, and protecting your computer’s information is just as important as protecting your social security number. This doesn’t just mean smart password creation; it also means other precautions you may …
