If you were accused of being involved in a Ponzi scheme, you could face significant consequences. In addition to investigations from federal agents, you could also face criminal charges from state prosecutors in Lincoln.
Fortunately, a skilled defense attorney can help you fight back against your allegations. Many people face these types of accusations despite their business activities being entirely legal. Let a Lincoln Ponzi scheme lawyer help you clear up any misunderstandings and defend you against your criminal charges.
What is a Ponzi Scheme?
A Ponzi scheme is a type of investment fraud popularized by Charles Ponzi. In this type of scheme, the perpetrator promises investors an opportunity with high returns and little to no risk. However, the perpetrator never actually invests their money. Instead, he or she pays older investors with the money brought in by newer investors.
The scheme requires an ever-growing pool of investors, or the risk of it falling apart rises dramatically. If you have any questions about your Ponzi scheme charges, it would be beneficial to reach out to a lawyer. A knowledgeable attorney can explain the gravity of the offense.
State and Federal Charges
If you are facing allegations of involvement in a Ponzi scheme, you could be subject to either federal or state charges. The federal government will likely pursue the case if it involves large sums of money or activity across state lines.
That said, state prosecutors also have an interest in Ponzi scheme allegations. When the alleged crime is committed within the state’s boundaries, state prosecutors oversee the case. It is possible for both state and federal prosecutors to bring charges, but it does not happen often.
Whether your charges were brought by state or federal prosecutors, it is best to seek guidance from a lawyer who understands Ponzi scheme cases. A dedicated attorney can help you gather evidence to address misunderstandings regarding certain business transactions.
Consulting a Lincoln Attorney During the Investigation
As is the case with many white-collar crimes, you might receive notice of an investigation before the prosecution files any criminal charges. For example, the investigators might ask you for documents or access to business records.
Any delay in seeking legal help from a Ponzi scheme attorney can make matters worse. There may be a limited window of time for your attorney to provide additional documentation to investigators that could bring the case to a close before an arrest. Hesitating to take legal action only hurts your defense. It is typically in your best interest to consult an attorney quickly to get ahead of potential charges.
Contact a Lincoln Ponzi Scheme Attorney As Soon As Possible
If law enforcement officers accused you of being involved in a Ponzi scheme, there is no time to hesitate. The sooner you seek legal counsel, the sooner you can begin building a defense against your allegations.
Allow a Lincoln Ponzi scheme lawyer to help you fight back. With the help of an attorney at Berry Law, you can stand up to the prosecutors in your case. Contact us right away to schedule your confidential consultation.