Financial Crimes

At Varghese & Associates, P.C., we recognize financial crime cases’ complexity and critical nature. Our skilled financial crime lawyers are committed to navigating these challenges with experienced defense strategies. We understand that financial crimes can severely impact reputations and lives, and we are dedicated to offering top-notch legal representation to safeguard the rights of those accused, ensuring every case is handled with precision and care. Contact us today.

What Constitutes a Financial Crime?

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Financial Crime Lawyer

Financial crimes, also white-collar crime, encompass a broad range of illegal activities involving deceit or theft for financial gain. These crimes can be committed against individuals, businesses, or the government. Here’s a breakdown of what typically constitutes a financial crime:


This broad category includes any deceptive act done for financial gain. Common types of fraud include credit card, insurance, securities, and tax evasion. Each of these involves misrepresentation or deceitful conduct to obtain money, property, or services unlawfully.


Embezzlement occurs when someone entrusted to manage or monitor someone else’s money or property steals all or part of it for personal gain. Embezzlement can occur in employment and corporate settings.

Money Laundering

This involves processing the proceeds of crime through a series of transactions to cleanse the funds of their illegal origin. Money laundering is often associated with organized crime and activities such as drug trafficking or terrorism financing.

Identity Theft

Identity theft crime involves obtaining and using another person’s personal data in a fraudulent or deceptive manner, typically for economic gain. This can include using someone else’s credit card information, Social Security number, or other personal identifiers without permission.

Insider Trading

Insider trading involves trading a public company’s stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. This practice is illegal in most jurisdictions.

Bribery and Corruption

Bribery involves offering, giving, receiving, or soliciting something of value as a means of influencing the actions of an individual holding a public or legal duty. Corruption often refers to acts by government officials or corporate executives who use their positions to achieve personal gains.

Counterfeiting and Piracy

Counterfeiting involves the production of imitation products, typically of high value or extensively trademarked brands, intending to take advantage of the superior value of the imitated product. Piracy refers to the unauthorized reproduction and distribution of copyrighted material.

Tax Evasion

This is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often involves dishonest tax reporting, such as declaring less income, profits, or gains than the amounts actually earned or overstating deductions.

Financial crimes are taken very seriously by law enforcement and regulatory agencies worldwide because they undermine the integrity of financial markets, damage the economy, and can ruin the financial and personal lives of victims. Penalties for committing financial crimes can be severe, including hefty fines, restitution, and imprisonment.

Defenses to Financial Crimes Charges

Defending against charges of financial crimes involves a strategic approach tailored to each case’s specific details and evidence. Financial transactions’ complexity and the laws governing them allow for various defense strategies. Here are some common defenses to financial crimes charges:

Lack of Intent

Many financial crimes require proof of intent to commit the crime. Demonstrating that the defendant did not have the requisite intent to defraud or engage in illegal activity can be a powerful defense. This might involve showing that any misrepresentation was due to error, accident, or misunderstanding rather than a deliberate attempt to deceive.

Insufficient Evidence

The prosecution must prove the defendant’s guilt beyond a reasonable doubt. Highlighting the lack of concrete evidence or demonstrating that the evidence is too weak to support the charges can lead to an acquittal or dismissal.


This defense applies if the defendant committed the crime but was induced by law enforcement officers or their agents. Entrapment requires showing that the idea for committing the crime originated with the police or a government agent rather than the defendant and that the defendant was not predisposed to commit the crime before the law enforcement’s intervention.

Reliance on Professional Advice

If the defendant relied on the advice of a qualified professional (such as a lawyer, accountant, or financial advisor) and had no reason to believe the advice was incorrect or unlawful, this reliance can be a defense to charges of financial crimes. It must be shown that the reliance was reasonable and in good faith.

Mistake of Fact

Demonstrating that the defendant was under a mistaken belief of a fact that negates the fraudulent intent can be a defense. For example, if a person believed they were entitled to funds or property because of misinformation or a misunderstanding, their actions might not constitute a crime.


This defense can apply if the defendant was forced to commit the crime under threat of harm or coercion. Proving duress requires showing that there was an immediate threat of serious harm, the defendant had a well-grounded fear that the threat would be carried out, and there was no reasonable opportunity to escape the situation.

Statute of Limitations

Financial crime charges must be brought within a specific period after the alleged crime occurred. If the prosecution waits too long to file charges, the defense can argue that the statute of limitations has expired, potentially leading to the dismissal of the case.

Constitutional Violations

If the evidence was obtained by violating the defendant’s constitutional rights, such as unlawful search and seizure, it might be possible to exclude that evidence from the trial. This can significantly weaken the prosecution’s case.

Selecting the most appropriate defense strategy involves a thorough analysis of the facts of the case, the evidence available, and the applicable laws. An experienced defense attorney can evaluate the circumstances and advise on the best course of action.

How We Can Help

At Varghese & Associates, P.C., we are dedicated to providing the highest level of legal representation to individuals facing financial crime charges. Our team of experienced attorneys understands the complexities of financial law and the profound impact such charges can have on your life and livelihood. Here’s how we can help:

Comprehensive Case Evaluation

Our first step is to conduct a thorough review of your case. This includes analyzing all available evidence, understanding the circumstances leading to the charges, and identifying any procedural errors or potential defenses. Our meticulous approach ensures no stone is left unturned in preparing your defense.

Experienced Defense Strategies

Drawing on years of experience and knowledge in financial crimes, we develop tailored defense strategies to address the unique aspects of your case. We aim to protect your rights and achieve the best possible outcome, whether challenging the prosecution’s evidence, arguing a lack of intent, or negotiating for reduced charges.

Negotiation and Plea Bargaining

In cases where it may not be in your best interest to go to trial, we possess the negotiation skills to engage in effective plea bargaining with prosecutors. Our reputation and relationships within the legal community can often lead to favorable plea deals, minimizing potential penalties and consequences.

Trial Representation

If your case goes to trial, you can count on our seasoned litigators to represent you vigorously. We are skilled in courtroom strategy, evidence presentation, and witness examination. Our persuasive advocacy is aimed at securing a not-guilty verdict.

Personalized and Compassionate Service

We understand the stress and anxiety that come with facing criminal charges. Our firm prides itself on being your legal advocate and your support system. We ensure you are informed and comfortable throughout the legal process, providing clear communication and being accessible when needed.

Protecting Your Future

Our representation extends beyond the courtroom. We offer advice on mitigating the long-term impact of financial crime charges on your professional and personal life, helping you navigate potential challenges and rebuild your reputation.

What To Do If You Have Been Charged with a Financial Crime

Financial Crime Lawyer

If you have been charged with a financial crime, the steps you take immediately after can significantly affect the outcome of your case. Financial crimes encompass a range of illegal activities involving fraud, embezzlement, money laundering, and more, and they are taken very seriously by the legal system. Here is a guide on what to do if you find yourself in this situation:

1. Stay Calm and Composed

The first and most important step is to remain calm. Understandably, being charged with a crime can be overwhelming and stressful, but panicking can lead to poor decisions. Take deep breaths and maintain a clear head to navigate the situation effectively.

2. Do Not Discuss Your Case

Avoid discussing the details of your case with anyone other than your attorney. This includes talking to friends, family, and especially co-workers. Anything you say can potentially be used against you in court. Law enforcement and prosecutors can interpret your words in a way that may not be favorable to you.

3. Exercise Your Right to Remain Silent

Remember, you have the right to remain silent, and exercising this right is in your best interest. Politely decline to answer questions until you have legal representation. This is not an admission of guilt but a protection of your rights.

4. Seek Legal Representation Immediately

Contact a reputable criminal defense lawyer with experience in financial crimes as soon as possible. An experienced attorney will provide the guidance you need and start working on your defense immediately. The sooner you have legal representation, the better your chances of a favorable outcome.

5. Gather Relevant Documentation

Start compiling any documents related to your case that might help your defense. This could include emails, financial records, contracts, or any other documents that provide context or evidence to support your case. However, do this in consultation with your attorney to ensure you’re not violating any laws or regulations in the process.

6. Follow Your Attorney’s Advice

Once you have secured legal representation, following your attorney’s advice closely is crucial. We have the experience to navigate the legal system and will guide you through the process. Whether it’s about communication, strategy, or legal procedures, their advice is to secure the best possible outcome for you.

7. Prepare for the Financial and Time Commitments

Defending against financial crime charges can be costly and time-consuming. Be prepared for the financial implications and the possibility of a lengthy legal process. Discuss with your financial crime attorney any concerns regarding fees, payments, and the expected timeline.

8. Stay Proactive and Involved

While your attorney will handle the legal aspects of your case, staying informed and involved is beneficial. Ask questions, understand the strategies being employed, and provide any assistance your attorney requests. Being proactive in your defense can make a significant difference.

9. Maintain a Low Profile

It’s wise to maintain a low profile during this time, especially on social media. Anything you post online can potentially be scrutinized and used in your case. It’s best to avoid public discussions about your situation.

10. Focus on Your Well-being

Lastly, don’t neglect your mental and emotional health. Facing criminal charges is stressful, and taking care of yourself is important. Seek support from close family or professional counselors to help you cope with the stress and anxiety of the situation.

Being charged with a financial crime is serious, but taking the right steps can help protect your rights and future. With the right legal counsel and a proactive approach, you can navigate through this challenging time more effectively.

Why Choose Us?

  • Experience in Financial Crimes: Our deep understanding of financial crime law sets us apart. We stay abreast of the latest legal developments to provide you with an informed and effective defense.
  • Proven Track Record: Our financial crime lawyer’s successful case outcomes speak for themselves. We have helped numerous clients facing financial crime charges to secure favorable results.
  • Strategic and Aggressive Defense: We are unafraid to challenge powerful adversaries, including the government and large financial institutions, to defend your rights.
  • Confidential and Ethical Service: Your privacy and ethical standards are paramount to us. We handle your case with the utmost discretion and integrity.

Facing financial crime charges can be daunting, but you don’t have to face them alone. Contact Varghese & Associates, P.C. today to learn how we can help protect your rights and secure your future.

Ready to Defend Your Rights? Contact Us Today.

Facing financial crime charges can be daunting, but you don’t have to navigate this challenging time alone. Varghese & Associates, P.C. offers experienced legal representation, personalized attention, and a dedicated team ready to fight for the best possible outcome for your case. Don’t let financial crime charges define your future. Contact us today for a consultation and take the first step towards securing your rights and your future.

Financial Crime Defense Lawyer FAQs

1. What is considered a financial crime?

Financial crimes include a wide array of illegal activities such as fraud (including wire and mail fraud), embezzlement, money laundering, insider trading, tax evasion, and bribery, among others. These crimes involve the unauthorized taking of another’s property for personal gain.

2. Why do I need a financial crime defense lawyer experienced in financial crime defense?

Financial crimes are complex and often involve intricate legal principles and financial concepts. A white-collar crime lawyer with experience in financial crime defense has the specific knowledge and experience to navigate these complexities, challenge the prosecution’s evidence, and develop a strategic defense tailored to your case.

3. What should I do if I’m charged with a financial crime?

Immediately contact a reputable financial crime defense lawyer. Do not discuss your case with anyone else, especially law enforcement, until you have legal representation. Your financial crime defense lawyer will advise you on the next steps and start building your defense.

4. Can financial crime charges be dropped or reduced?

Yes, with effective legal representation, it’s possible to have charges dropped or reduced. This can occur through demonstrating insufficient evidence, negotiating plea deals, or presenting a strong defense challenging the prosecution’s case.

5. How can a financial crime defense attorney help me?

A financial crime defense attorney can help by evaluating the evidence against you, identifying weaknesses in the prosecution’s case, advising on the best legal strategy, representing you in court, negotiating with prosecutors, and working to achieve the best possible outcome for your case.

6. What are some common defense strategies for financial crimes?

Defense strategies vary based on the specifics of each case but may include arguing lack of intent to commit a crime, demonstrating reliance on professional advice, challenging the legality of evidence obtained, and proving the actions were a result of entrapment or mistake.

7. How long does a financial crime case typically take?

The duration of a financial crime case can vary widely depending on the complexity of the case, the amount of evidence, legal challenges, and whether the case goes to trial. Cases can last from several months to several years.

8. What are the potential consequences of a financial crime conviction?

Consequences include fines, restitution payments, forfeiture, and imprisonment. The severity depends on the nature of the crime, the amount involved, prior convictions, and other factors.

9. Can a financial crime conviction be expunged from my record?

Expungement laws vary by jurisdiction. In some cases, it may be possible to have a conviction expunged, but this typically depends on the crime, the sentence, and whether specific conditions have been met post-conviction.

10. How much does hiring a financial crime defense lawyer cost?

Legal fees vary based on the complexity of the case, the criminal defense attorney’s experience, and the amount of work required. Most lawyers will discuss fees during an initial consultation, clarifying costs and payment structures.

Choosing the right financial crime defense lawyer is crucial. Look for someone with a proven track record, who you feel comfortable with, and who is committed to fighting for your rights and the best possible outcome for your case.


More Financial Crime Resources


Financial Crimes: Breaking Down Petit and Grand Larceny – Legal Minute Ep. 3

Many people don’t know what makes up a financial crime in New York. So let me fill you in!

Stealing is called larceny. This can mean anything from shoplifting to embezzling millions. Larcenies are defined as petit for anything under $1,000, and grand larceny for anything over $1,000. Penalties can range from a fine of $1,000 up to 25 years in state prison. If you are charged with a larceny of any kind, it’s in your best interest to hire a criminal defense attorney. He or she is your best shot at saving your skin.

This is Vinoo Varghese.  Should you ever need legal assistance, just contact me.

Financial Crimes: Breaking Down Petit and Grand Larceny – Legal Minute Ep. 3


Many people don’t know what makes up a financial crime in New York. So let me fill you in!

Stealing is called larceny. This can mean anything from shoplifting to embezzling millions. Larcenies are defined as petit for anything under $1,000, and grand larceny for anything over $1,000. Penalties can range from a fine of $1,000 up to 25 years in state prison. If you are charged with a larceny of any kind, it’s in your best interest to hire a criminal defense attorney. He or she is your best shot at saving your skin.

This is Vinoo Varghese.  Should you ever need legal assistance, just contact me.