Defense For Ponzi Scheme And Financial Fraud Charges

Public corruption and fraud is becoming an increasingly familiar topic both in government and the private sector. Victims in financial fraud cases can be corporations or individuals, depending on the type of crime perpetrated. At the Law Offices of Myles S. Breiner, we understand the complexities inherent in financial crimes. We can vigorously defend you against these charges to ensure that you receive fair and unbiased treatment.

What Is A Ponzi Scheme?

A Ponzi scheme involves using money from investors for your own personal gain. Rather than paying out profits to investors, Ponzi schemers just circulate money between investors and keep the profits derived from investments for themselves. Investors are typically enticed with promises of high-yield, short-term investments.

Typically, Ponzi schemes are exposed when the amount of investments decreases and the wrongdoer cannot cover the losses. In other cases, the schemer may try to disappear with investor funds.

What Types Of Criminal Activities Are Involved?

Financial crimes encompass many different activities. Identity theft charges stem from using another person's confidential information to obtain property or funds. Another common scheme involves securing loans from financial institutions using fictional people as buyers.

Ponzi schemes and financial fraud can be both state and federal crimes. Common financial crimes are:

  • Mortgage fraud
  • Investment fraud
  • Gambling
  • Embezzlement
  • Credit card fraud
  • Insurance fraud
  • Forgery
  • Making false statements
  • Insider trading
  • Medicare fraud
  • Identity theft

Convictions for financial crimes often lead to many years in prison and astronomical fines. Financial laws and regulations can be confusing and lead to innocent misunderstandings about proper procedures.

Contact Us Today

The Law Offices of Myles S. Breiner serves all the Hawaiian Islands. Our flexible office hours and payments plans are designed with your needs in mind. Call us at 808-526-3426 or contact us online to discuss your case.