On July 17, it was reported that a 49-year-old California man pleaded guilty to federal wire fraud. He had been accused of using investor money for personal expenses instead of purchasing and reselling tickets for profit.
White collar crimes might fall under federal jurisdiction
White collar crimes, which include many types of financial matters, can sometimes fall under federal jurisdiction. There are many different factors that come into the picture when the authorities are determining what entity is going to handle the case.
QVC executive guilty of wire fraud after 5-year spending spree
The spending habits of consumers in California who buy merchandise from QVC likely cannot compare to the spending spree that recently sent one of the television network's executives to federal prison. The 42-year-old man entered a guilty plea on 11 counts of wire fraud and one count of conspiracy. On top of a 30-month prison sentence, which was issued July 10, a judge ordered him to restore $832,138.55 to his former employer.
