PONZI AND PYRAMID SCHEME DEFENSE

Criminal Defense Law Firm

Brief Historical Note: A Massachusetts business man, Charles Ponzi, gets the credit for inventing the device known as the Ponzi Scheme following World War I.

Criminal lawyers defend Federal and state Ponzi scheme prosecutions under securities and RICO laws, wire and mail fraud statues. These federal criminal cases allege no actual retail sales or investment activities, and show a flow of money from later investors to fund initial payments to early investors to build confidence in the scheme.

Our Los Angeles criminal attorneys can handle your Ponzi Scheme case with these allegations:

1)  soliciting initial investors with promises of unusually high financial returns;

2)  payments from initial investors to the promoter for a business venture;

3)  new money is used to pay returns to the initial investors for a short time;

4)  initial investors who wanted to cash out could have received principal and interest promptly;

5)  initial investors received promised returns, begin to sell program to relatives and friends;

6)  the promoter decides to arbitrarily end scheme and absconds with the money.

Criminal Attorneys Defend Against Evidence of Pyramid Schemes.

You may be accused of participating in a fraudulent investment scheme where investment opportunities are offered in a multi-level plan to distribute a product. Prosecutors allege the plan is a fraud to recruit new participants whose money provides the profits for the promoter.

However, franchises and seller-assisted marketing plans are legal forms of business marketing.

If you have been accused of a participating in white collar crime such as a Ponzi scheme or a Pyramid scheme, contact the Downtown Los Angeles Law Firm with over 80 years of combined experience.