Ponzi Schemes
White collar crimes are often prosecuted beyond the state level as federal crimes. While small fraud
cases may be subject to Texas state law, crimes involving large sums of money such as Ponzi schemes
are heavily prosecuted by the federal government. If you believe that you are being monitored for involvement
in a Ponzi scheme or have already been arrested, consider contacting an experienced criminal defense
attorney to help you prepare a sound defense against your federal charges.
A Ponzi scheme is an illegal practice involving a business or investment fund. Investors put money into
the fund and the fund manager uses later investments to pay returns to earlier investors. Therefore,
the money is never legitimately invested and never yields a return; money from one investor is simply
transferred to another. This illegal practice may continue for several months or years without investors
ever knowing.
Typically, Ponzi schemes are monitored and investigated for many months to gather evidence before agents
ever arrest the individuals involved. Because there may be a large amount of evidence against you, it
is important to have an experienced lawyer on your side to help defend your case.
If you are arrested for involvement in a Ponzi scheme, you may face charges for business fraud, check
fraud, securities fraud, and theft, to name a few. These charges will be brought before a federal criminal
court and may begin with a grand jury investigation. Many white collar criminals face a life sentence
if they are convicted.
For this reason it is crucial to find quality legal representation that can defend your case against
an aggressive prosecution. Your criminal defense lawyer should question all evidence brought against
you, your degree of involvement in the scheme, and the legality of the investigation that led to your
arrest.
Contact Us
If you have been arrested for a white collar crime, don't enter the courtroom feeling unprepared to
defend your rights. To learn more about Ponzi scheme charges, protecting your rights, and preparing
your defense for court, please contact experienced Austin criminal defense lawyer Ian
Inglis today at 512-472-1950.
The Ian Inglis web site is designed to provide educational information only and is not intended to offer legal advice. Information contained in this website is not intended to create an attorney-client relationship, nor does it constitute legal advice to any person reviewing such information. No electronic communication with Ian Inglis on its own will generate an attorney-client relationship, nor will it be considered an attorney-client privileged communication.