A Solid Defense For Professionals Facing Criminal Accusations
White collar cases often involve a commercial scheme that leads to financial gain. These can occur within a business or in a client’s employment.
Adam L. Seidel, P.C., has represented Texas business owners, officers, directors, and employees in a wide range of white collar criminal investigations. Many of our white collar criminal defense matters are referred to our law firm by other criminal and civil law attorneys.
Building A Defense Strategy
White collar investigation and charges are complex, and can include allegations of:
- Computer and internet fraud
- Securities fraud and insider trading
Conspiracy charges are often added on if several people are accused of collaborating to commit a crime, including embezzlement, fraud, forgery or money laundering. Conspiracy is usually charged as a felony and because it is a crime on its own, the prosecution isn’t required to prove that the co-conspirators actually carried out the planned crime.
If you are being investigated for conspiracy, you face serious criminal penalties that can damage your reputation and finances, including significant fines and/or prison.
FAQs About Bank Fraud
Bank fraud refers to the use of deliberate misrepresentation in order to fraudulently obtain money or other assets that are held by a bank or similar institution.
How Can False Statements Result In Bank Fraud Charges?
It is a federal crime to knowingly make a false statement or overvalue any property to a financial institution for:
- The purpose of influencing in anyway
- The action of a financial institution
The penalty resulting from a conviction can be a fine up to $1 million or imprisonment for as many as 30 years, or both.
How Can Checks Give Rise To Bank Fraud Charges?
Writing a bad check to a store merchant is not bank fraud. However, it is if a person knowingly writes a bad check and then cashes it at the bank. Forging checks or signatures on them, as well as altering checks that have already been written are two other ways in which check fraud is committed. In the case of the latter, it may be as simple as adding a few strokes of a pen to turn a check for $100 into one for $1,000.
Another common type of fraud is check kiting. This is any kind of fraud that takes advantage of the fact that funds can be drawn on a deposited check before the money is actually removed from the check writer’s account. Another version of check kiting is opening a bank account with non-existent funds, and withdrawing money from the new account.
Bank Fraud Charges Arising From Identity Theft
Another type of bank fraud is known as identity theft, where one person uses another person’s private identifying information to obtain money, usually in the form of loans or credit. Somewhat related to identity theft is identity fraud, where credit is obtained by the use of an entirely fictitious identity. While identity theft and similar crimes receive a great deal of publicity, they are certainly not the only crimes involving bank fraud.
Charges Against Bank Employees
Bank fraud charges can be brought against bank employees. In many cases, these acts are only discovered by careful auditing of the bank’s accounting records, months down the road, by which time it is often too late to recover lost funds.
Get Legal Help Now
White collar crimes are not only handled in federal courts, they may be prosecuted in state court as well. Adam Seidel has experience defending clients at both levels and will work hard to protect your rights.