FEDERAL AND STATE CRIMINAL DEFENSE ATTORNEYS
O'Brien Hatfield, PA GET YOUR FREE CASE REVIEW GET YOUR FREE CASE REVIEW Click To Text
TAMPA (813) 228-6989 • ORLANDO (407) 808-6750 • en Español (813) 390-2494

Florida man sentenced in wire fraud case

The owner and operator of a Florida investment firm received a sentence of five years in federal prison on October 17 on fraud charges. Federal prosecutors claim the man was involved in a conspiracy with others to defraud investors, which allowed them to accumulate approximately $6 million.

According to federal prosecutors, the 55-year-old Sarasota investment advisor pleaded guilty in March to charges of conspiracy to commit wire fraud. In addition to a prison sentence, court documents show the judge also ordered the man to pay $3.4 million in restitution to those investors he allegedly defrauded and to forfeit $2.8 million in purportedly fraudulent earnings.

An investigation by the FBI alleged that the man, whose asset management and investment advisory firm had offices in both Florida and California, began perpetrating wire fraud with other co-conspirators in August 2012. Federal prosecutors also argued that FBI investigators also found evidence that he intentionally tried to mislead his investors and clients by hiding a previous federal wire fraud conviction in 2007. He was also accused of hiring a person to try and manipulate internet search results pertaining to his fraud conviction as well as to information about his previous bankruptcies, prior tax liens, adverse financial judgments and a debt of hundreds of thousands of dollars in restitution payments still owed to supposed victims of his previous 2012 wire fraud conviction. Court documents show the man apparently misused his clients' investments by secretly issuing himself unjustified "salary" and "bonus" payments in amounts between $12,000 to $25,000 for personal use.

When an individual is the focus of a federal investigation into white collar crimes, their personal and professional reputations can often be seriously jeopardized or damaged regardless of whether it actually results in a conviction. An attorney might be able to help those under investigation for white collar crimes avoid more serious charges or receive lighter penalties if the case goes to court.

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 g+ | See Reviews
Best Criminal
Defense Lawyers
in Orlando
2018