Pension fraud is a type of white-collar crime, but it can assume many different forms. In "Guilty Plea in Fraud Case Tied to New York Pension," the underlying crime was bribery, which happened to be related to a pension fraud scheme. The State of New York runs and manages a pension for its residents. It invests money workers pay into the pension. In this case, state officials accepted about $1 million in gifts in exchange for investing $250 million in pension money into the briber's company. "Looking Out for Number One" describes a slightly different type of pension fraud. In this case, the manager of the pension was defrauded by the investment company, AA Capital Partners. AA Capital Partners seem to have diverted millions of dollars from the pension money to its own dealings, amounting to a type of embezzlement. Thus, pension fraud is not actually a specific type of...
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