White Collar Crimes/ Financial Frauds
Financial Frauds are the ones caused by an individual or an organization to deprive the other Individual or the organization by blocking or harming their financials. The methods they can adopt may be through misleading, misguiding, hiding facts about investments in illegal or restricted zones. Fraudsters use the methods of imposters, Identity thefts, or fictitious investment commitments.
The growingly complex framework of criminal laws and rising prosecutions associated with white collar crime are increasing risks associated with running ever-complicated businesses in India. Ks Legal advisors the best white collar crime law firms India advise our clients on all aspects of such criminal investigations and proceedings, whether at an institutional or individual level.
White collar crime in India usually find its genesis in anti-bribery and corruption laws; corporate and accounting fraud; insider trading; data privacy, protection and security; global statutes such as FCPA, UKBA; corporate compliance; and money laundering. Our white collar crime lawyers have extensive experience in representing clients in white collar crime matters both at a preventative and prosecution stages.
Our white collar crime and fraud investigations practice includes:
- Corporate Finance.
- Collecting, preserving, certifying and analysing evidence to help uncover facts and identify persons involved.
- Examining and establishing compliance policies.
- Assisting Indian companies to customize their anti-corruption and bribery policy to suit Indian and International law.
- Liaising with internal and external agencies to provide end to end management of breach of security and fraud incidents.
- Liaising with internal and external agencies to strategically mitigate damage to reputation and unwarranted publicity.
- Structuring an organisation’s response to an incident.
- Implementing processes to handle future incidents in-house.
- Litigation support in criminal and civil proceedings.
- Representing in internal investigations and criminal and enforcement matters initiated by the government.
Types of Financial Frauds
Ponzi Schemes – Schemes that promise exorbitant returns on fixed and long-term investment. Such Investment plans do not have a logical re-investment and are mostly diverted for irrelevant purposes.
Pyramid Schemes – Scams of MLM format where people are influenced to participate and further influence their contacts to participate in building the network to promote the selling of goods in abnormal pricing proportion to the public. Knowingly or unknowingly people get trapped by such scams.
Identity Frauds – Scammers use the identity of others to play imposters to steal money.
Phishing – Scammers induce the users with their Bank accounts to get them in the transactions influencing lottery wins or threatening them for their bank accounts getting frozen. Thus making them use a near copy or clone website which may look very legitimate and official one of the respective bank.
Skimming – This involves stealing information off a credit card during a legitimate transaction. Fraudsters swipe the card through an electronic device known as a “wedge” or “skimming device” which records all information contained on the magnetic strip.
We ensure our clients stand strong against fraudsters with moral support and legal guidance.