Tampa 813-345-4909 | En Español 813-390-2494
Orlando / Miami / West Palm Beach - 888-496-5916

Prosecutors may be more likely to go after small banks

In 2007 and 2008, the financial crisis rocked the American economy, setting off a tidal wave with effects that are still being felt today. Despite widespread acknowledgment that the leaders of America's large banks acted inappropriately - and illegally - before the crisis, none have been prosecuted.

Earlier this year Attorney General Eric Holder testified before the Senate Judiciary Committee, saying that he feared prosecuting or shutting down large financial institutions could be damaging to the United States economy. However, small bankers continue to face criminal charges for similar behavior.

While the misdoings of small banks may have a narrower reach and do less harm, they are more likely to face punishment for that conduct. One community bank president is currently serving a six-month prison sentence for just the kind of conduct for which larger bankers have faced no punishment.

Another banker, the president of a small bank in a Midwestern community of about 1,000 people, tried to help local businesses by providing loans. However, he did so by falsifying documents and taking other actions that led the bank to fail, and he and one of his clients ended up in prison.

Under the Fourteenth Amendment to the Constitution, all Americans are entitled to "equal protection under the law." This is supposed to mean that laws are applied in the same way to all people. But as evidenced by the disparate treatment of small and large banks, that doesn't always happen.

For this reason it is particularly important to work with a qualified defense attorney if you are facing criminal charges. He or she can help you fight any charges brought against you while fighting for your rights and helping to ensure that you are treated fairly in the criminal justice system.

Source: Forbes, "'Just Right To Jail' - Small Bankers Do Go To Prison," Walter Pavlo, April 15, 2013

To learn more about defending criminal charges, please visit our website.

No Comments

Leave a comment
Comment Information
Mark J. O'Brien's cases have been featured in:
The New York Times | The Miami Herald | Bay News 9 | abc 7 | The Boston Globe | USA Today | Tampa Bay Times | FOX News Channel | The Washington Post | abc Good Morning America | Chicago Tribune | NT News Talk Florida | St. Petersburg Times | Deadspin
“Mark, thank you for everything. I will forever be indebted to you. You have stood by me and believed in me when it was not the popular thing to do. You are an amazing advocate.” Adam Filthaut
  • Former Partner at the Law Firm of Adams and Diaco (Robert Adams and Stephen Diaco)
  • MJ (Todd Schnitt) Morning Show/Bubba the Love Sponge Clem Trial
  • Attorney Phil Campbell DUI Setup/Florida Bar Trial
More Testimonials
American Association for Justice National Association of Criminal Defense Lawyers | NACDL 1958 Florida Association of Criminal Defense Lawyers | FACDL Super Lawyers AVVO | See Reviews LC | Lead Counsel Rated
Best Criminal
Defense Lawyers
in Orlando