Investment Schemes

Arizona Investment Schemes Lawyer

Investment fraud is being prosecuted on both the federal and state levels. If convicted, the penalties could involve heavy fines and a prison sentence of up to 25 years. Depending upon the severity of the crime, the fines could be in the millions of dollars. This can affect you financially for the rest of your life on top of a criminal record.

You want to avoid this criminal record and, if you can’t avoid it, you want the penalties to not be as harsh as they could be. Myles A. Schneider handles such cases and has seen great success because of his knowledge in the area of investment schemes.

What Is An Investment Scheme?

An investment scheme is fraud in that it involves getting investors to invest their money under false pretenses. If the purpose of the act is to get the victim to pay money into something that is not what they are told it is or into a non-existent account, then a crime has been committed. This is a crime that can be committed by investment firms, stock advisors, financial advisors, and brokerages.

When this crime is prosecuted, it is prosecuted by the Arizona Attorney General’s office, as well as federal agencies that may be affected. These federal agencies include the IRS, FBI, and SEC. They want any lost money returned and they want to see the highest penalties paid. This means a qualified Phoenix criminal defense lawyer is needed to provide a solid defense in federal court.

Examples Of Investment Fraud

Ironically, there are companies that look exceptionally successful when they pull off investment schemes. The fact is, the money was obtained by fraudulent means, such as:

  • Loan documentation that is inaccurate
  • Forged financial documentation
  • Not disclosing material facts
  • Understanding company liabilities and costs
  • Falsifying or exaggerating assets, expected returns, and actual revenues
  • Accounting fraud
  • Market manipulation
  • Letter of credit fraud
  • Embezzlement in the form of spending funds from client accounts, false vendor account billing, and creating non-existent employees

Ponzi schemes, mortgage fraud, advanced fee schemes, insider trading, private note bank fraud, and shareholder fraud are other examples of investment fraud. If you are accused of any of these, you want a qualified attorney standing by you every step of the way.

Contact A Phoenix Investment Schemes Attorney

When you need help fighting the charges against you, we know what is at stake for our clients. If convicted, the penalties are very harsh and this means you need representation that is tailored to your case so that the goal of avoiding conviction can be achieved. This means moving on with your life and putting the charges behind you. To learn more, call us at 612-926-7373 to schedule a free consultation.