NJ The federal offense of securities and commodities fraud under18 U.S.C. ¬ß 1348
Expert Federal Securities Fraud Legal Representation
If you’re facing accusations of federal securities fraud, it’s crucial to seek expert legal counsel that can help you navigate the intricate federal criminal justice system. A securities fraud conviction under 18 U.S.C. ¬ß 1348 can come with serious criminal penalties. Spodek Law Group, led by Attorney Todd Spodek, is an ideal choice for anyone seeking experienced legal representation to deal with this complex legal issue.
It doesn’t matter if the accusations of federal securities fraud are against individuals or corporations; they can result in severe criminal charges. Under 18 U.S.C ¬ß1348, it’s illegal to defraud anyone in connection with a security or commodity or obtain property through fraudulent pretenses, representations, or promises.
This statute targets multiple fraudulent activities involving securities from insider trading and churning to misrepresentation, pump and dump schemes, accounting fraud and outsider trading. In addition, other types of securities fraud include theft from investors, embezzlement, abusive short selling, Ponzi schemes cryptocurrency crimes or even lying to a corporate auditor.
Defendants must beware that under 18 U.S.C. ¬ß 1348; a conviction for federal securities and commodities fraud results in severe criminal penalties. Individuals convicted of trading crimes related to commodities or securities could get up to 25 years imprisonment and pay hefty fines. Attempting or conspiring to commit such crime carries similar punishment as well. However, each situation is different based upon multiple factors that include total losses resulting from the crime prosecuted.
Therefore,it’s crucial to have a strong defense against any allegations of securities fraud that may arise.Endeavor Law Firm provides top-ranked criminal defense lawyers throughout the United States.Their lawyers specialize in federal charges,such as allegations of Securities & Commodities Fraud.Based at prominent locations comprising New York City and Los Angeles,the firm is competent enough to handle cases across America.To schedule an initial consultation, the firm can be reached at888-981-6506.
Investigations into accusations of securities fraud require experience and expertise, two factors that Spodek Law Group boasts in abundance. The firm provides legal representation to those facing federal criminal investigations or who have already been indicted. They can guide clients through the process, protect their rights, and come up with a viable defense strategy.
Federal prosecutors must show that defendants knowingly or negligently provided false information that caused financial loss to an investor. However, our experienced attorneys at Spodek Law Group may argue that investors incurred loss not because of the information provided by the defendant but for some other reason. Alternatively, they might claim that even if the information was incorrect, the defendant wasn’t aware of it.
To understand and illustrate different forms of securities frauds better, our legal team at Spodek Law Group has developed Table 1 below:
Table 1: Types of Federal Securities Fraud Schemes
|Insider Trading||Refers to trading public company’s stocks or securities by someone with public information.|
It’s illegal since it gives advantage to few people.
|Churning||A scheme in which an individual purchases security excessively and maliciously sells it to generate commissions at the customer’s cost.|
|Misrepresentation||Occur when security’s value is manipulated by making false statements intending profit generation.|
|Pump and Dump||A fraudulent scheme that involves cold-call telemarketers, forcing individuals to purchase stocks with high-pressure sales techniques resulting in significant losses.|
|Accounting Fraud||An accountant involved in falsifying records intended to misrepresent assets and liabilities.|
|Outsider Trading||Those persons who acquire data unlawfully by hacking into corporations or related entities for trading illegally gets prosecuted by SEC.|
Our legal team at Spodek Law Group is ready to provide you with legal information, counsel, and representation concerning securities fraud. Contact us today, and let us help you navigate the complex world of federal securities law.
NEW JERSEY CRIMINAL DEFENSE ATTORNEYS