White Collar Crime

White Collar Crime is a pervasive problem resulting in billions of dollars in losses each year, and is the number one investigative priority of the Memphis FBI. White Collar Crime encompasses a vast number of federal violations from Identity Theft to the Corruption of Public Officials. The Memphis FBI works closely with local, state, federal, and international law enforcement agencies, financial institutions, businesses, and members of the community to address the rapidly growing areas of Computer and Internet Fraud, Securities Fraud, and Identity Theft, as well as the more traditional crimes of Bank Fraud, Insurance Fraud, and Health Care Fraud. The major categories of crimes investigated under the White Collar Crime Program include the following:

Financial Institution Fraud

Financial Institution Fraud investigations primarily involve embezzlements, loan fraud, check fraud, bribery, and identity theft resulting in losses to federally insured financial institutions, such as banks, credit unions, and savings and loans.

Economic Crimes

Economic Crimes include investigations of Securities Fraud, Insurance Fraud, Mortgage Fraud, Telemarketing Fraud, Ponzi and Pyramid Schemes, Investment and Advance Fee Schemes, and Copyright and Trademark violations. In the increasingly computerized financial environment, venues for these crimes are often global in scope.

Public Corruption

The corruption of local, state, and federal public officials destroys the public's trust and confidence in governmental institutions. These crimes often involve bribery, kickback schemes,covert payoffs, or the abuse of authority. Detection and enforcement of these crimes rely heavily upon individuals who have relevant information and report it to the FBI.

Health Care Fraud

Health Care Fraud investigations involve all forms of fraud and abuse affecting government-sponsored (Medicare, Medicaid and Tenncare) and privately insured health insurance programs.

Fraud Against the Government

Every year, the Federal government delivers billions of dollars in domestic program funds, a portion of which is lost to all types of fraud and abuse. The FBI's challenge is to reduce the illegal diversion of entitlement and procurement funds which are stolen from American taxpayers each year and bring those individuals and/or businesses who are responsible for the fraud and abuse to justice.