Statutes and regulations that govern currency and financial crimes can have severe implications for all business owners, buyers, and sellers of stocks, public and private companies, broker-dealers, and financial advisors.
Corporate Securities Fraud
Corporate securities fraud involves claims against the corporations and their principal officers.
In these cases, the company itself, its board of directors, and key executives can all be named as defendants and called to defend themselves in complex and high-stakes litigation.
Top Currency and Financial Crimes
- Money Laundering
- Cryptocurrency Crimes
- Embezzlement Against An Estate
- Check Fraud
- Credit Card and Gift Card Fraud
- Tax Fraud
- IRS Investigations
- Money Laundering
- Employment Tax Fraud
- Offshore Tax Fraud
- Falsely Claiming Zero Wages
- Evading Reporting Requirements
Investigations into Currency and Financial Crimes
Criminal investigations into currency and financial crimes are typically initiated by bank officials who notice unusual activity, federal agents who discover fraud, or whistleblowers from within the organization.
The agencies involved in the investigation can include the U.S. Attorney’s Offices; The Department of Justice (“DOJ”), The Federal Bureau of Investigations (“FBI”); The Drug Enforcement Agency (“DEA”), and more.
Securities crimes related to the financial markets in the U.S. are generally regulated by:
- the Securities and Exchange Commission (“SEC”); and
- the Commodity Futures Trading Commission (“CFTC”).
Each of the agencies listed above plays a vital role in the detection, investigation, and reporting of currency and financial crimes in the U.S.
Currency and financial crimes cases can take years of complex litigation to resolve and can lead to both civil and criminal penalties.
Civil penalties for currency and financial crimes can include:
- an injunction to prevent you from continuing trading or doing business;
- forfeiture of all personal and business assets associated with the crime;
- additional monetary penalties; and
- a permanent bar from your industry.
Criminal Penalties – Prosecution by the DOJ
In addition to facing civil penalties from agencies like the SEC and CFTC, these agencies may refer matters to state and federal prosecutors at the Department of Justice (“DOJ”) for criminal prosecution.
Defending against these types of cases involves a sophisticated strategy considering the outcome and evidence collected in the first case with the SEC will undoubtedly influence your second case with the DOJ.
Call A Financial Crimes Attorney Now
If you or your company is being charged or alleged to have been involved in a currency or financial crime, call an experienced financial crimes attorney now.
This type of litigation can negatively impact your family, your business, and your bottom line. We invite you to call us today for a free legal consultation.