In recent news, 12 Arizona residents have been indicted for involvement in multi-million dollar mortgage fraud schemes. The defendants have been charged with numerous white collar crimes, including various counts of conspiracy, conspiracy to commit wire fraud, wire fraud, aggravated identity theft, and money laundering, as well as conspiracy to commit transactional money laundering. It was determined that mortgage fraud played a huge role in the collapse of Arizona’s economy and real estate market, so it’s safe to say that federal investigators are not going to show much leniency towards defendants accused of this criminal offense.
Archive for the ‘White Collar Crime’ Category
Arizona Residents Indicted for Mortgage Fraud
28 March 2012 by admin | Check Fraud, Credit Card Fraud, Criminal Defense Law, Criminal Law, Criminal Offenses, Criminal Sentencing, Fraud, Money Laundering, Mortage Fraud, Securities Fraud, White Collar Crime, Wire Fraud | No CommentsDefending Fraud Crimes in Arizona
27 March 2012 by admin | Check Fraud, Credit Card Fraud, Criminal Defense Law, Criminal Law, Fraud, Mortage Fraud, Securities Fraud, White Collar Crime | No CommentsFor an individual to secure the best possible defense in court against charges for fraud, they should look for a Phoenix fraud attorney with experience as a former Arizona prosecutor. This experience can prove invaluable for a defendant accused of fraud because a former prosecutor may know some key people within Arizona’s criminal justice system, and these connections will make it much easier for the defense to negotiate with the prosecution.
Arizona Fraud Crime Penalties
26 March 2012 by admin | Check Fraud, Credit Card Fraud, Criminal Defense Law, Criminal Law, Do I need an attorney?, Fraud, Mortage Fraud, White Collar Crime | No CommentsPossible penalties for Arizona fraud crimes can include a jail sentence for up to 10 years, hefty fines and restitution. If convicted of a fraud crime such as mortgage fraud, bank fraud, wire fraud or credit card fraud, the punishments handed down from a judge will usually vary depending on the amount stolen and the scope of the crime. In addition, first time offenders are almost always treated differently than individuals with a past criminal record. Judges and prosecutors oftentimes show greater leniency towards first time offenders. When it comes to defendants with a history of involvement in white collar criminal offenses, judges and prosecutors may be extremely strict. Therefore, it is important for individuals with criminal records to consult with a Phoenix white collar crimes attorney if they think that they are under investigation or have been arrested for fraud.
Mortgage Fraud Task Force
1 February 2012 by admin | Criminal Defense Law, Criminal Law, Criminal Offenses, Fraud, Mortage Fraud, White Collar Crime | No CommentsFor those involved in Arizona’s mortgage-backed securities market, I hope you were listening when Obama spoke about the mortgage fraud task force during his State of the Union address. Now that government officials have increased their focus on mortgage fraud, practices that were once commonplace at the time of transaction, could now fall under scrutiny and suspicion. As a result of the plummeting housing market, it also wouldn’t be very surprising if authorities look to states like Arizona first when hunting down fraudulent real estate activity.
Indictment for Maricopa County Mortgage Fraud
31 January 2012 by admin | Criminal Defense Law, Criminal Law, Fraud, Mortage Fraud, White Collar Crime | No CommentsAs a result of the recent economic downturn, instances of mortgage fraud and real estate fraud have increased throughout Maricopa Country. Last Monday, two men involved in an Arizona mortgage fraud case pled guilty to one count of money laundering. According to the U.S. Attorney, the men fraudulently obtained $15 million in loans to finance the purchase of 26 Arizona properties. It was reported that the men applied for loans using false reports of income, assets and occupancy statements between August 2006 and May 2007.
Embezzlement in Arizona
10 January 2012 by admin | Criminal Defense Law, Criminal Law, Embezzlement, Fraud, Theft Crimes, White Collar Crime | No CommentsUnder Arizona law, embezzlement is the theft of money, property, or other assets by an individual who maintains trust or responsibility over those assets. In most cases, embezzlement occurs in the workplace or other corporate settings where large sums of money are involved. Employees accused of embezzlement or other types of theft in Arizona are usually professionals, such as accountants, business executives like CEOs or CFOs, and money managers. When accomplished individuals in high-profile positions suddenly find themselves faced with accusations of embezzlement or theft, everything they have worked so hard to achieve is on line. Therefore, it is important for professionals and executives who think that they might be under investigation for embezzlement to contact a Phoenix white collar crime attorney before the charges are even filed. By retaining a Phoenix embezzlement lawyer early on in the investigation process, it is possible to reduce the damaging effects of the charge or have the charges dropped all together. There’s a lot that can be done to lessen the severity of an employee theft crime when a criminal defense attorney is retained in a timely manner. Professionals accused of embezzlement should look for an attorney with past experience as a Maricopa County white collar crime prosecutor, as this type of criminal defense attorney can be a huge asset to their case. In addition, a white collar crime attorney can provide clients with helpful insight about the potential consequences of their charges.
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