Before 1986, a major cause of fatal accidents on American roads was unqualified vehicle operators. At the time, several of the drivers were able to escape liability for irresponsible driving since they held multiple driver’s licenses issued by different states. The Commercial Motor Vehicle Safety Act of 1986 was passed for this very reason. It established a nationwide system that …
How Cryptocurrency Scams Work
The findings of a 2022 crime report compiled by Chainalysis indicate that investors lost more than $14 billion worth of cryptocurrency in 2021. That’s almost double the amount that scammers stole in the year before. No one ever believes they can fall for a scam—until they do. Fraudsters often aim to gain victims’ personal information by working various angles ranging …
Crypto Law – The Challenging New Legal Frontier
Crypto tokens are considered tradable assets. A single token can act as a unit that denominates a particular cryptocurrency. It can also represent other valuable items. With that in mind, the question then becomes whether these crypto-assets fall in the realm of securities. If so, would they be subject to the same laws and regulations that govern securities? If not, …
A Legal Overview: What Is Cryptocurrency?
With the launch of Bitcoin in 2009, cryptocurrency crossed over from being nothing more than an academic idea to becoming a (virtual) reality. Since then, there has been an explosion in the number of different cryptocurrencies on the market and, with it, an ever-growing need for certainty over their legal implications. Central banks, tax agencies, and regulatory authorities in the …
What Is an Enhanced Driver’s License?
If you live in Washington, Vermont, New York, Minnesota, or Michigan and have plans to visit family members or go on vacation, you might have to rethink your mode of travel. Most of these states have imposed deadlines requiring all state citizens to obtain enhanced driver’s licenses or real IDs if they plan to travel by air. What is an …
How to Set Up a Gun Trust
If you’re a gun owner, you’re likely familiar with all the benefits that come with setting up a gun trust. These are special kinds of trusts designed to hold ownership of firearms. They are subject to strict state and federal oversight and can include other types of weapons. To learn more about what a gun trust actually is, you can …
Is Cryptocurrency Safe – Are There Any Legal Protections?
In a May 2021 press release, the US Treasury Department announced that it had put in place various measures to crack down on fraudulent cryptocurrency transactions. It stated that it would now require individuals or business entities transferring $10,000 or more worth of crypto assets to report those transactions to the Internal Revenue Service (IRS). According to the US Treasury, …
Get Paid for Reporting PPP Loan Fraud
In July 2021, 22 people were arraigned in court on charges of engaging in fraudulent schemes to acquire more than $11 million in loans from the Paycheck Protection Program (PPP). The individuals used the loan proceeds to purchase jewelry, luxury vehicles, and other personal items. According to court documents, the defendants submitted or aided in submitting loan applications on behalf …
What Is a Repatriation Flight?
At the onset of the coronavirus pandemic, the majority of international flights were suspended. Nonetheless, some airlines were offering sporadic international services known as repatriation flights. At the time, tens of thousands of American citizens stranded in 100+ countries were brought home. What is a repatriation flight, and how do they work? Here’s everything you need to know. What Is …
Is the Federal Moratorium on Evictions Legal?
The federal government and several counties, cities, and states across the country have taken protective measures to protect citizens against the devastating impact of the COVID-19 pandemic. Some of these include barring late rent fees, prohibiting the shut off of utilities due to nonpayment, and placing moratoriums on eviction for rent nonpayment. A recent Supreme Court ruling might change all …