![]() - Aldie Man Pleads Guilty to Multi-Million-Dollar Embezzlement Scheme.In these cases, foreign competitors deliberately target economic intelligence in advanced technologies and successful U.S. Similarly, economic espionage costs the American economy hundreds of billions of dollars per year and puts our national security at risk. Learn more at the National Intellectual Property Rights Coordination Center. ![]() The FBI works with partners in the private sector and other law enforcement agencies at all levels to investigate these cases. The FBI's intellectual property investigations focus on the theft of trade secrets and copyright infringement on products that can impact people's health and safety, like counterfeit parts for cars and electronics. This can include everything from trade secrets to proprietary products to movies, music, and software. Intellectual property theft involves robbing people or companies of their ideas, inventions, and creative expressions-known as intellectual property. The FBI participates in task forces that share intelligence, de-conflict cases, and create joint investigations. The FBI works with partners to investigate mortgage and financial institution fraud cases. Fraud for housing: This fraud happens when borrowers lie about their incomes or assets on a loan application or influence an appraiser to manipulate a property's value.These types of cases area priority for the FBI. Fraud for profit: This type of fraud involves professionals in the home buying process stealing cash and equity from lenders and homeowners.Mortgage fraud happens when someone lies to influence a bank's mortgage decision or if a distressed homeowner is the victim of a fraud. Sometimes, fraud can be severe enough to cause the failure of a bank or credit union. Embezzlement and misapplication of funds are two common financial institution fraud crimes in FBI investigations. Many schemes involve compromising customers' accounts or personal information. The FBI regularly coordinates with other law enforcement agencies, international partners, and industry to detect and disrupt money laundering.įinancial institution fraud happens when criminals target banks, credit unions, and other financial institutions. ![]() Integration occurs when the criminal’s proceeds are returned to them from what appear to be legitimate sources.Layering separates the criminal’s money from the original source and creates a complex audit trail through a series of financial transactions. Layering is the most complex and often involves moving money internationally.Placement is the criminal entering money into the financial system.There are three steps in the money laundering process-placement, layering, and integration: International and domestic public corruptionĬriminals use a number of tools to launder money, including:. ![]() The FBI focuses its efforts on money laundering facilitation-targeting professional money launderers, key facilitators, gatekeepers, and complicit financial institutions, among others.Ĭriminals who engage in money laundering derive their proceeds through: Money laundering is turning “dirty” money “clean” by making it look like money from crimes actually came from legitimate sources.
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