Join the 9 million people who found a smarter way to get Expert help

Recent Securities Fraud questions

I applied for a visa card online with a credit union that is

I applied for a visa card online with a credit union that is located in Oregon or Virginia using my real information such as name, ssn, d.o.b., phone number and address. I was asked on the application about my employer and annual income. I wasn't being truthful in this area and I know many people that aren't truthful when asked these same questions, however now I got a call a few days ago from their security fraud department stating that I lied because they contacted the employer that I listed and they confirmed that I do not work there. Accordingly, they are going to be contacting my local police department and that I would have to explain to them why I decided to lie. I would like to know if this is accurate and are they able to just contact my local police department or could this person said that as a scare tatic. It's not like they gave me a card or I used someone else's information I wasn't even approved. I did inform the person from the fraud department that I was unaware that it was a crime but he didn't care much for my answer. So I look into getting an attorney or wait and see if I am contacted by my local police department? I also live in the state of New Jersey.

Read more

Zoey_ JD

Doctoral Degree

29,138 satisfied customers
Is the following charge a Violation of the Racketeering Influenced

Is the following charge a Violation of the Racketeering Influenced and Corrupt Organization Act (RICO) 18 u.s.c. 1961?..........18:1952-7400.F RACKETEERING - TRANSPORTING IN AID OFDisposition: 30 months imprisonment; 3 years supervised release; $2,000 fine; and $100.00 special assessment

Read more

Ely

Counselor at Law

Juris Doctor

63,706 satisfied customers
I was arrested Fraud in January of 2000 for

I was arrested for Securities Fraud in January of 2000 for an incident in 1998 when I was 21 years old. This was the first time I had ever been arrested and I eventually pled guilty and was sentenced to 4 months in a halfway house and 4 months house arrest. The judge also required that I pay $70,000 in restitution. As of today I've paid over $20,000 of it and have never in 15 years missed one single monthly payment but as you can imagine this still weighs heavily on me after all this time. I have no assets and the 1 client the crime involved has since passed away. My question is after all this time and all things considered do I still have to continue paying this restitution every month and if so until when? I've suffered enough with this whole thing and it has affected my life throughout the years in ways that you can't even monetize. I appreciate your help and feedback.

Read more

Zoey_ JD

Doctoral Degree

29,138 satisfied customers
My friend is accused of Social Security fraud/felony. She

My friend is accused of Social Security fraud/felony. She rejects the accusations on the ground that SSA did not stop payments despite report of change of situation. I heard that in social security prosecution, the State Attorney and defender's attorneycould enter into a plea bargain regarding restitution or repayment of owed amount. Questions: 1) Friend rejects fraud and felony accusations, what options to consider in plea bargain? 2) Is entering into plea bargain with State Attorney to work out paymentwith SSA an admission of guilt of the accusations/charges? 3) Is there immigration consequences if plea bargain is to drop felony/fraud accusations/charges?

Read more

Zoey_ JD

Doctoral Degree

29,138 satisfied customers
Is it proper attorney to pressure you making the decision

Is it proper for your attorney to pressure you making the decision to take a plea bargain or go to trial before you have received all the disclosure from the prosecution?

Read more

ScottyMacEsq

Doctoral Degree

22,514 satisfied customers
Good Morning, I am back after another very frustrating week

Good Morning, I am back after another very frustrating week and I am hoping you will be able to provide your opinion on all of my questions as they relate to the proceedings over the past three years. I have so many questions and I don't even know whereto begin. I just finally obtained a copy of the 'Asset Purchase Agreement' for the company (s-corp) that my husband and I both shared 50% ownership; however, the document states he is the sole owner. This transaction occurred without my knowledge or consentand was done after we were ordered to meet with a specific attorney to determine the necessary steps for dissolution of the corporation. In spite of the order, the attorney assisted my husband with the fraudulent transaction. The individual,Art Toll, thatpurchased the 'assets' (actually the business though) was well aware of the actual ownership and is no stranger to fraud as he is a convicted felon with Joan Rivers, God rest her soul, being one of his many victims (http://articles.philly.com/1999-08-07/news/25483383_1_securities-fraud-regal-executives-federal-sentencing-guidelines).This has been totally ignored by the Master except for agreeing that it has caused me unrecoverable financial damage. It took several months of ignored orders for my attorney to even get the document from my husband because the attorney refused to provideit. I still have not received a copy of it from my attorney who stated that it was just a straight forward agreement and never answered me in regard to how the joint ownership was handled. I immediately messaged him yesterday telling him that I had obtaineda copy and assumed he had received doctored documents because I felt he certainly would not have felt the 'sole owner' issue not to be a problem - not that the entire conveyance wasn't a problem. As with most of my concerns, it has not been addressed. Thecorporation's sales were approximately 1.5 million/year so it certainly was a considerable asset. Because my husband misappropriated a considerable amount of money each year without my knowledge, as well as other serious mismanagement issues, I am now facingseveral law suits for default on leases and loans because of fraudulent forged guarantee's including a HELOC on the marital residence. Here's the question: Wouldn't any if not all of this be of a criminal nature? If so, what can I do about it.

Read more

Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,614 satisfied customers
I live in FL & have been notified by the FBI that 2 persons

I live in FL & have been notified by the FBI that 2 persons have been indicted in MS on securities fraud. They were former principles with a company that has filed bankruptcy and since liquidated and with whom I held $30,000 in stock investment. How should I proceed to make a claim to recover any of my losses if these persons are found guilty?

Read more

Ely

Counselor at Law

Juris Doctor

63,706 satisfied customers
If I write a check (with backing funds) to make an investment

If I write a check (with backing funds) to make an investment in stocks within another bank, but I change my mind and stop payment on that check while informing the payee to not make the deposit, is this a crime? The payee denies my request and deposits the check for shares in stock regardless. How can this situation be remedied?

Read more

Ely

Counselor at Law

Juris Doctor

63,706 satisfied customers
I plead guilty in 2001 to a Securities Fraud Felony in Federal

I plead guilty in 2001 to a Securities Fraud Felony in Federal court. I received and served a 24 month sentence and 2.5 million $ restitution plus interest which was based on a exagerated and fuzzy calculations by US Attorney's office. My court appointed attorney did little to explain, and nothing to challenge the absurd amount of restitution. In fact, I was made to believe that if they could not collect, due to no assets owned by me, that after supervised release, they could never collect. I paid 10% of salary for 5 years as ordered by the judge at sentencing. I stopped paying my restitution 3 years ago. My sentencing documents calls for 15% if I earn more than 65k yearly which I do earn now. It is now 10 years since my release from Federal prison, and now The Federal Litigations Unit of the US attorney's office just sent me a financial disclosure form which I filled out completely and honestly, and returned to them on December 30th.I have a 401k, a good paying job, and $6000.00 in my bank account that is linked to my checking account which is used for my direct deposited paychecks that I pay my monthly bills with. I'm concerned that they will garnish my bank accounts before I hear back from them, and I will not be able to pay my monthly bills. Can I legally withdraw the money from the bank before they take it? Also, is it too late to challenge the amount of restittution I was hit with?

Read more

Ely

Counselor at Law

Juris Doctor

63,706 satisfied customers
View more criminal law questions
In The News