If you are arrested for fraud, you will probably be charged with more than one type of fraud based on how the prosecution claims you carried out your crimes. For example, if you ace accused of operating a Ponzi scheme, you could be charged with securities fraud, wire fraud, mail fraud, money laundering and more. If you have been charged with any form of fraud, please call Vista federal lawyer Peter M. Liss as soon as possible. In the meanwhile, here is a list with definitions of some of the most common forms of fraud charged in federal courts.
Securities Fraud: Inducing someone to make purchase or sale decisions regarding stock or commodities based on false information is securities fraud. There are many forms of securities laws to protect against such fraud and because this area of law is quite complex, you will need an experienced Vista federal attorney to help you defend your innocence.
Wire Fraud: Any form of fraud that involves wire, radio or television communications, including telephone and internet communications, can be charged as wire fraud.
Mail Fraud: If you used the mail system in the process of committing fraud, you can be accused of mail fraud.
Money Laundering: Any method of concealing the true source of income, goods other benefits obtained through crime is considered money laundering. Most major fraud cases also involve charges of money laundering.
Conspiracy: If prosecutors believe you have worked with at least one other person while committing these crimes, they may also charge you with conspiracy. Each type of fraud charge can result in an additional conspiracy charge, doubling the number of charges you face.
These charges can be stacked on top of one another and usually persons accused of fraud will be brought up on multiple charges. Most forms of fraud charged at a federal level can carry a twenty year long prison sentence, which is why it is critical you work with a top federal attorney in Vista if you have been accused of any sort of fraud.
Additionally, similar charges for the same conduct are often brought in state court, which includes the Vista branch of the San Diego Superior Court.
If you have been accused of any form of fraud or believe you may be arrested for fraudulent activities, please call (760) 643-4050 to schedule a free initial consultation with Vista federal lawyer Peter M. Liss.
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