- Randolph US-NJ
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As a Tax LL.M. student at Washington University in St. Louis, Michael Torney studies estate planning, income taxation, and corporate/partnership taxation. He expects his degree in May of 2014.
Michael Torney earned his J.D. from Washington University in St. Louis School of Law and his Bachelor’s
Degree from Franklin & Marshall College. In his free time, he enjoys
socializing, golf, and new foods. Torney is the Midwest Regional Team Leader for Franklin & Marshall’s
Admission Network and is actively involved in giving back to the St. Louis community.
Exactly what distinguishes a white collar criminal from other types of criminals is open to interpretation, but such a person has generally committed a non-violent offense characterized by fraudulent activity, dishonesty, or subterfuge.Prosecutions for white collar crime overall have risen since 2007, although they declined in 2011. Fraud cases account for a significant percentage of these cases. Types of fraud include, in descending order of occurrence, federal program fraud, tax fraud, identity theft, financial institution fraud, health care fraud, and computer fraud. In addition, officials also prosecute fraud cases involving mortgages and other businesses.The Federal Bureau of Investigation conducted the largest number of fraud cases, followed by the Internal Revenue Service, the Secret Service, the Department of Homeland Security, and the Postal Service. District courts handled most prosecutions and often received referrals from magistrates’ courts. About the author: As a degree candidate at the Washington University School of Law, Michael Torneypossesses a strong interest in white collar criminal law. Currently an intern at the Investor Protection Bureau in New York, Michael Torney assisted several cases involving Bernard Madoff.