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Columbus Financial Fraud Lawyer
If you have been charged with financial fraud, you may have to face a significant period of imprisonment and pay fines for the offense. It is in your best interest to hire an experienced criminal defense attorney to help you understand the charges against you and make every effort to reduce the penalties. Call Attorney Adam Burke today at (614) 280-9122 for your free consultation.
Financial Fraud Charges
Financial fraud can be defined as fraud that is carried out for financial gain, and includes crimes likecredit card fraud, check fraud, bank fraud, health care fraud and mortgage fraud (among several others). Financial fraud is classified as a white-collar crime and carries harsh federal penalties. There are various measures in place for check fraud prevention, including the use of pins and passwords and initiatives such as positive pay.
Federal Financial Fraud Charges
While financial fraud cases are usually handled by the state government, the federal government may step-in in some cases. For example, this happens when the crime(s) involved in the fraud were committed across the borders of two or more states, or when the amount of money involved was very large.
If you are facing financial fraud charges at the federal level, you were suspected to have done any of the following:
- Knowingly and willfully made, or caused, false statements that resulted in material benefits
- Knowingly and willfully made, or caused, false statements that resulted in rights to the benefits
- Intentionally failed to disclose an event, or pertinent information, that led to an accrual of benefits for you
- Knowingly applied for a benefit in someone else's name and fraudulently subverted it for your own gain.
The same law applies to other kinds of fraud.
Penalties for Financial Fraud
If you are convicted of financial fraud, you will be required to pay large fines and go to a prison for a period of time. In addition, you may be required to make restitution to the Commissioner of Social Security as well. Several factors decide the duration of incarceration that will be imposed – your criminal history, if any, and the severity of the crime, among other factors.
In some cases, you may just have to serve probation and not go to prison. The federal judge may impose a fine and probation as penalty. You will be required to check in with your probation officer on a regular basis, and follow certain guidelines as well. 1 2
Attorney Adam Burke Llc - Columbus, OH Financial Fraud Lawyer
If you have been charged with financial fraud, it is important to hire an experienced defense attorney who will discuss the facts of your case and help you understand your situation. Attorney Adam Burke will make every effort to reduce the severe penalties associated with financial fraud. Call Attorney Adam Burke today at (614) 280-9122 for your free consultation.