Aggressive Defense Against Ponzi And Pyramid Scheme Charges
Ponzi schemes are defined by the U.S. Securities and Exchange Commission (SEC) as investment fraud that pays existing investors with funds contributed by new investors, rather than with returns from investments. Pyramid schemes operate in a similar manner, except that they involve the sale of a nonexistent product instead of the promise of a high-return investment.
Ponzi and pyramid schemes may be charged under securities fraud statutes. Conviction for securities fraud may result in fines and/or a prison sentence of up to 25 years. Because this is a federal crime, it may be investigated by the FBI, SEC and additional federal agencies.
You will need an experienced federal criminal defense lawyer if you are charged with operating a Ponzi or pyramid scheme. At O’Brien Hatfield Reese, PA, our founding attorneys have litigated thousands of criminal cases. We focus a significant portion of our practice on federal crimes. Speak with one of our Ponzi schemes attorneys as soon as you think you may be charged.
Timing Is Critical
The sooner you contact an attorney, the better your chances of achieving a favorable outcome. Building a defense for Ponzi and pyramid scheme charges requires time and resources. Our firm has the ability and resources to staff complex financial cases.
We represent individuals and businesses charged in Ponzi and pyramid scheme cases. Related charges may include:
To get a conviction, the prosecution must prove that there was a scheme to defraud. We can work to demonstrate that there was no fraudulent intent.