Federal Financial Fraud Lawyer

Federal Financial Fraud Attorney

Being charged with federal financial fraud is a serious accusation that comes with immense legal consequences. These cases often involve strict procedures, complex laws, and aggressive accusations. If you have been accused of federal financial fraud, it is imperative that you seek help from an attorney with experience in this field. Don’t wait to reach out to our federal financial fraud lawyer for assistance today.

Passionate Representation During Federal Financial Fraud Cases

At The Law Offices of Richard Kuniansky, we strive to passionately defend people charged with financial crimes under federal law. In order to develop a strong defense strategy, part of our job involves carefully reviewing the case evidence, with the assistance of forensic accountants where necessary, and working to build a case that represents your side of the story.

We have an in-depth understanding of federal rules and regulations that regulate financial crimes, allowing us to forcefully argue our case during trial and contest the prosecution’s case throughout pretrial motions. Obtaining the greatest result for our clients is our main objective, whether that means acquittal, negotiating a good plea deal, or reducing fines.

What Is Federal Financial Fraud?

The term “federal financial fraud” describes a wide range of dishonest tactics and plans that break federal laws about securities and financial transactions. It includes crimes like money laundering, tax evasion, insurance fraud, bank fraud, securities fraud, and other illegal actions meant to deceive people, companies, or the government in order to obtain monetary gain.

In order to accomplish these goals, these crimes usually entail willful misrepresentation, information concealment, or financial record manipulation. These offenses carry serious penalties upon conviction, including hefty fines and prison time.

Examples of Federal Financial Fraud

Federal financial fraud encompasses a number of offenses because it is so broad. Some examples of federal financial fraud include:

• Ponzi schemes and investment fraud are examples of dishonest investment schemes in which investors are paid returns using either their own funds or the funds of later investors, as opposed to real earnings.
• Healthcare fraud includes false claims for services not provided, unnecessary medical procedures, or payments for referrals made in exchange for favors from Medicare/Medicaid or health insurance programs.
• Corporate fraud involves the manipulation of financial statements, insider trading by executives or directors of the firm, and deceiving investors about the stability of the company’s finances.
• Securities fraud involves insider trading, in which stock trades are made on the basis of substantial, private knowledge. It also includes dishonest activities in commodities or stock markets, such as manipulating the market or deceiving investors.
• Insurance fraud includes faking incidents to obtain insurance benefits illegally, fabricating damages or injuries, and filing fake insurance claims.
• Tax fraud is the intentional avoidance of taxes by underreporting income, making up deductions, or hiding money through the use of offshore accounts.
• Money laundering is the practice of hiding the source of funds obtained illegally by fusing them into reputable financial institutions or enterprises, giving the impression that the funds were earned legally.
• Bank fraud is the term for schemes aimed at defrauding financial organizations. Examples of these scams include fabricating loan applications, giving false information in order to get a loan, or siphoning money from bank accounts.
• Mortgage fraud is the misrepresentation or deception of information pertaining to mortgage loans. Examples of this include inflating property prices, providing fake documentation, or lying about assets or income to secure a mortgage.

Potential Penalties for Federal Financial Fraud

Penalties for federal financial fraud are often harsh as the gravity of the crime is typically considered high based on its potential effects on other people, companies, and the economy. Large fines and long prison sentences are common depending on the severity of the crime, how much money was involved, how complex and elaborate the crime was, and how many people were affected.

Restitution, which requires that defendants compensate victims for any monetary damages they may have suffered as a result of the crime, is common. Courts may also order the confiscation of assets, like bank accounts, real estate, or cars connected to fraud.

Federal financial fraud convictions include not only criminal penalties but also civil penalties that seek additional monetary damages as well as professional restrictions such as being denied certain licenses or jobs in certain businesses.

FAQs

Is Financial Fraud a Federal Offense?

Yes, financial fraud can be prosecuted as a federal offense under various federal laws and statutes. Federal financial fraud actions usually cross state lines or affect interstate commerce. When this happens, federal agencies are likely to get involved. Due to the broad nature of the crime, financial fraud usually carries stiff penalties.

What Are Some Defenses to Federal Financial Fraud?

Defenses to financial fraud include not intending to defraud, not having enough evidence to establish guilt beyond a reasonable doubt, entrapment, being outside the statute of limitations, and objections to the admissibility of the evidence. Witness testimony, in-depth case research, and refuting the prosecution’s facts and legal arguments are all common defense tactics.

What Should I Do If I’m Under Investigation for Federal Financial Fraud?

In the event that you feel you are being investigated or have been accused of federal financial fraud, you should seek legal counsel right away. Speak with a knowledgeable federal criminal defense lawyer who can help you understand your legal options, navigate the court system, and create a defense plan that is unique to your situation. An attorney can fight for your rights in court and inform you of your options.

Can Federal Financial Fraud Be Prosecuted Alongside Other Charges?

Federal financial fraud may be tried alongside other offenses, including money laundering, conspiracy, or breaking other federal regulations. It is common for prosecutors to press several charges in order to fully address all facets of the alleged fraudulent activity. For instance, if money was moved across state borders to hide earnings, charges of conspiracy to commit wire fraud or money laundering may also be brought in a case involving securities fraud.

Contact The Law Offices of Richard Kuniansky Today

If you have been charged with federal financial fraud, The Law Offices of Richard Kuniansky is available to help you. We can examine the details of your case and assist you with legal counsel as you navigate the next steps. Contact us today for more information.