No matter what the charges may be, being accused of business fraud is no walk in the park. Federal prosecutors do not take these cases lightly, and the full weight of the government will be put upon you.
Here is everything you need to know about business fraud and how to properly fight the charges.
Business Fraud consists of a wide variety of charges and can be levied for both internal and external activities that result in the alleged harm brought upon the accusers. To get a better understanding of what Business Fraud is, let's see how the FBI defines it.
Business fraud consists of dishonest and illegal activities perpetrated by individuals or companies to provide an advantageous financial outcome to those persons or establishments. Also known as corporate fraud, these schemes often appear under the guise of legitimate business practices.
This definition opens the door to many crimes that can fall under the labeling of business fraud, many of which we will outline in this next section.
Business Fraud can take many forms. Below are common charges that are brought upon those accused of Business Fraud.
Keep in mind that this list is not exhaustive and that individuals can be prosecuted for other types of crimes that involve the use of a business to advance stakeholders in a non-ethical matter.
Being charged with Business Fraud is no joke. When the government points its finger at you and those involved accusing you of such crimes, a lot will be at stake.
First and foremost, your job is on the line. If your boss catches wind that you and your party are engaging in Business Fraud, you will most likely be subject to termination from the company. This will likely place you in a position with an overwhelming amount of stress as your financial stability is now in jeopardy.
Additionally, the allegation will bring stress to your family and friends. Whether they choose to stay by your side or disassociate from you, the investigation will bring additional stress into multiple lives.
Lastly, you can face serious jail time. Depending on the severity of the crime, individuals can face up to 30 years in prison and pay hundreds of thousands of dollars in damages for the crimes allegedly committed.
Pictured: Vinoo Varghese walking in court with his client.
Pictured: Vinoo Varghese walking in court with his client.
The moment you find out that you are being investigated for Business Fraud, contact a criminal defense attorney immediately.
Hiring a skilled and competent fraud defense lawyer with a forensic accounting team at their disposal will grant you the best chance at fighting the prosecution and obtaining the best results. A criminal defense lawyer will be a source of comfort for the accused and their family during these troubling times, and they will guide you every step of the way during this process.
If you or someone you know is facing Business Fraud charges, please fill out our consultation form below to get in touch with our experienced team of experts.
You already know that federal charges aren't going to go away - government agencies spend a long time building a case and they will work hard to secure a conviction.
However, we'll work even harder to fight your case.
Time is not on your side if you're facing federal offenses in New York City.
The sooner you seek legal advice from a skilled attorney, the sooner we can put together a case that offers the very best chance of a positive outcome.
Please fill out our consultation form below and a member from our team will get back to you promptly.
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