AGGRESSIVE DEFENSE FOR INVESTMENT SCAM CASES

If you are searching for criminal defense attorneys for investment-related crimes call 480-219-1366 to speak with Phoenix White Collar Criminal Defense Attorney Ashley D. Adams. From her office in Scottsdale, she serves clients from throughout Arizona who have been charged with white collar crimes. White Collar Criminal Defense Attorney Ashley D. Adams is highly experienced in both state and federal courts and has a wealth of experience defending her clients against all types of fraud allegations. 

LETTER OF CREDIT FRAUD

Letter of credit fraud is one of the many financial scams that frequently occur in today’s troubled economy. As a white collar crime, it is also the subject of fervent prosecution by federal agencies. Conviction for letter of credit fraud can carry severe penalties. If you have been charged with letter of credit fraud or are currently under investigation, it is essential that you contact an attorney for letter of credit fraud defense as soon as possible. Federal prosecutors may have already compiled a significant amount of evidence. This is one reason why it is so important to contact an attorney at the earliest possible moment. As soon as you know that you are the subject of an investigation, call attorney Ashley D. Adams immediately. Depending upon your circumstances, it may be possible to prevent charges from ever being filed.

WHAT IS A LETTER OF CREDIT?

A letter of credit is a document issued by a bank or other financial institution which provides a guarantee of funding for a business. It is essentially a “promise to pay.” Letters of credit are used most frequently in overseas transactions where a bank ensures payment for goods shipped in connection with international trade. The bank provides a guarantee of payment in case of default by the buyer. Banks issue letters of credit as a way to ensure sellers that they will get paid as long as they do what they’ve agreed to do. Some buyers have to deposit (or already have) enough money to cover the letter of credit, and some customers use a line of credit with the bank. Sellers must trust that the bank issuing the letter of credit is legitimate.

WHAT IS A LETTER OF CREDIT FRAUD?

Payment on letters of credit usually requires that the paying bank receive documentation certifying that the goods ordered by the buyer have been shipped. Letter of credit frauds are often attempted against banks by providing false documentation to show that goods were shipped when in fact no goods were shipped at all. Sometimes inferior goods are shipped instead. Another common type of frauds occur when a scammer offers a letter of credit or bank guarantee as an investment that promises large annual interest rates. The scammer claims to have access to bank guarantees that they can buy at a discount and sell at a premium. By reselling them several times, they claim to be able to produce exceptional returns on investments.

Letter of credit fraud is a serious offense which can result in devastating penalties including heavy fines, damages to your career and reputation, prison time and other consequences. The key to an effective defense is often using the opportunity to investigate the charges and evaluate the evidence against you as early as possible. The attorneys at Ashley D. Adams will use all their experience and skill to have the most serious charges reduced or dismissed if possible. Call our attorneys today for a case evaluation.

PONZI SCHEMES

Ponzi schemes have become more prevalent in recent years. Many people are intent on investing their cash in high-return investments in order to better their financial circumstances and end-up losing their investments in such schemes. Due to the recent high profile Ponzi schemes covered by the media, most people believe that these schemes are run by the Wall Street rich who prey on unsuspecting victims. However, many Ponzi schemes are not due to malice, but result from bad luck, bad planning, and panic. Suspects may also be falsely accused. 

If you have been charged with involvement in a Ponzi scheme, you need the help of an experienced white collar crime attorney. At the Law Office of Adams & Associates, PLC, our seasoned and skilled Phoenix Ponzi scheme defense attorneys will aggressively fight to protect your rights and provide you with the best defense possible.

WHAT IS A PONZI SCHEME?

A Ponzi scheme is an investment scheme in which investors are promised high returns in a short amount of time. Investments can be advertised as anything, examples being securities, a hedge fund, mutual funds,or even postage stamps (the scheme was named after Charles Ponzi, who in the 1920’s duped investors into investing into postage stamp speculation). The Ponzi scheme usually offers returns that other investments cannot guarantee in order to entice new investors. The scheme is fraudulent because returns are paid to investors from their own money or money paid by subsequent investors rather than from any actual profit earnings. The scheme requires an ever-increasing flow of money from investors to keep it going. It eventually collapses because the earnings are less than the payments.

However, not all Ponzi schemes start out fraudulent. Some begin as completely legitimate investments. If the investments don’t do well the person or persons offering the investment may panic and pay some dividends acquired from new investors until things get better. But as cash is continued to be used to pay off earlier investors, the whole scheme eventually collapses.

CRIMINAL CHARGES FOR RUNNING A PONZI SCHEME

If you are accused with running a Ponzi scheme, you may face charges filed by the State of Arizona, the federal government, or both. Ponzi schemes are a type of financial fraud which can be investigated by Arizona agencies as well as federal agencies such as the SEC, the FBI, or the U.S.Department of Justice. Ponzi schemes can include, but are not limited to, the following types of financial fraud charges:

  • mail fraud

  • wire fraud

  • securities fraud

  • commodities fraud

  • lottery fraud

  • real estate fraud

  • tax evasion

PONZI SCHEME PENALTIES

Since people charged with Ponzi scheme violations may face a variety of charges from both the State of Arizona and/or the federal government, a conviction could result in jail time and fines from both. The penalties for operating a Ponzi scheme can be harsh. The federal government has handed down lengthy prison terms in financial fraud scams. Former top executives from Fortune 500 companies have been given severe sentences for such offenses. Part of the reason punishments have been severe is that the victims of these schemes have often included the elderly and charitable organizations and the media has portrayed them as unassuming victims. While this may be true in some cases,many investors are aware of the possibility of fraud. It is therefore essential to retain an experienced white collar crime attorney to effectively fight against the arguments used by the prosecution.

SECURITIES LITIGATION

Securities regulation refers to the area of United States law that deals with multiple aspects of transactions and securities dealings. This includes Federal and state level regulation by governmental agencies such as the federal Securities and Exchange Commission (SEC). Securities litigation refers to the enforcement and defense of the laws governing the buying and selling of securities.

At Adams & Associates, PLC, in Scottsdale, Arizona, our attorneys have a vast amount of experience representing individual brokers and firms in Scottsdale, Phoenix, and other areas of Arizona. Our attorneys litigate cases on behalf of our clients in the state and federal court level.

For more information regarding our Arizona securities litigation services, or to schedule an appointment with an attorney at our Scottsdale office, please contact Attorney Ashley D. Adams, PLC, today.

Contact Adams & Associates

At Ashley D. Adams, PLC, we have a well-established track record of success that can make a difference, whether in defending charges of white collar crime, health care fraud, financial fraud, general fraud charges, other criminal or civil matters, or representing our clients during a government investigation.

Ashley D. Adams, Principal
+1 (602) 524.3801
aadams@azwhitecollarcrime.com

Adams & Associates, PLC

7502 E. Monterey Way
Scottsdale, AZ 85251
Phone: 480.219.1366
Cell: 602.524.3801
Fax: 480.219.1451

 

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