A Newbury Park woman faces charges of securities fraud, elder fraud and grand theft. According to prosecutors, the woman illegally solicited individuals to invest money with her. Prosecutors say the woman made “elaborate” promises, including guaranteed returns of 20:1 and 40:1.
The woman ran the fraud between 2010 and 2017. Instead of investing the money she received, she used it to pay personal expenses. She also deposited some of the funds in foreign bank accounts that she does not control. Authorities arrested her on August 31, and her most recent court appearance was October 2. She pleaded not guilty to two felony counts, including securities fraud and offering or selling securities. Authorities are holding her on a $250,000 bail. If convicted on all charges, she faces more than seven years in prison.
Newbury Park securities fraud lawyer
Although federal courts often try securities fraud cases, it is also a state-level crime. When you face securities fraud charges, your first move should be to hire an experienced securities fraud attorney like Robert Helfend.
Mr. Helfend has nearly 35 years of experience in courtroom criminal defense. He takes criminal cases in Ventura County and throughout Southern California. He will work to get the charges against you reduced or dropped altogether. This is an important first step, especially in a California case. The state’s Three Strikes Law means that accumulated felony convictions receive significantly longer sentences. They also bring a defendant one step closer to lifetime incarceration.
Any reputable defense attorney will fight aggressively for his clients. Unfortunately, some attorneys are more interested in making deals than defending their clients. The right defense attorney can make a significant difference in the outcome of a criminal case.
Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County securities fraud case.
Photo Credit: Nazir Amin, via Flickr.com