Cryptocurrency Fraud Attorney
Understanding Cryptocurrency and Fraud Risk
The emergence of virtual currencies such as Bitcoin has revolutionized the world of finance. However, many people who embrace these technologies do so without fully understanding them, leading to fraudulent use of cryptocurrencies. This has attracted the attention of agencies that impose severe penalties on those found guilty of cybercrimes. If you face fraud charges involving cryptocurrency, it is crucial that you have an experienced attorney who will protect your constitutional rights.
Cryptocurrency technology enables people to transact without a third-party administrator or a central bank. Its goal is to eliminate the authority of a central third party and reduce transaction costs. With Bitcoin, users carry out transactions with anonymity using digital wallets that nobody else can see. However, this anonymity has created a loophole that fraudsters exploit for money laundering, illegal sales or purchases, and online fraud.
At Federal Lawyers, we understand the complexities surrounding cryptocurrency law and keep up with emerging activities in the digital world using cutting-edge defense strategies to protect your future and advocate for your constitutional rights.
Defending Against Cryptocurrency Fraud Charges
Fraud involving cryptocurrency is new and difficult to track and prove; only a few attorneys have experience in cryptocurrency investigations and prosecutions. Our attorney for crypto criminal defense has been at the forefront of these prosecutions for years making him one of New York’s leading cryptocurrency attorneys.
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Don't face criminal charges alone. Our experienced defense attorneys are ready to fight for your rights and freedom.
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(212) 300-5196Together with our clients, we gather information and documents assessing their situation before developing strong defenses against any charges they may be facing regarding fraudulent use of cryptocurrencies.
Cryptocurrency Tax Issues You May Face
The IRS is currently battling Coinbase alongside other platforms dealing with cryptocurrencies to ensure taxpayers trading in crypto pay taxes due on their earnings from such trades properly reported on tax returns filed annually by taxpayers across America.
Todd Spodek
Lead Attorney & Founder
Featured on Netflix's "Inventing Anna," Todd Spodek brings decades of high-stakes criminal defense experience. His aggressive approach has secured dismissals and acquittals in cases others deemed unwinnable.
You launched a small cryptocurrency trading platform and now the SEC is alleging you sold unregistered securities, while the DOJ has opened a parallel investigation claiming you ran a Ponzi scheme by using new investor deposits to pay earlier investors' returns. Federal agents have seized your exchange wallets and frozen your personal bank accounts.
Can I really face both SEC civil charges and federal criminal prosecution for the same cryptocurrency activities?
Yes, the SEC and DOJ frequently pursue parallel enforcement actions in cryptocurrency fraud cases under both the Securities Act of 1933 and wire fraud statutes (18 U.S.C. § 1343). Federal cryptocurrency fraud charges can carry up to 20 years in prison per count, and the SEC can seek disgorgement of all profits plus substantial civil penalties. An experienced defense attorney can challenge whether your tokens actually qualify as securities under the Howey test, negotiate with prosecutors to avoid overlapping charges, and work to unfreeze assets necessary for mounting your defense. Early intervention is critical because statements made in SEC proceedings can be used against you in the criminal case.
This is general information only. Contact us for advice specific to your situation.
Federal Lawyers’s tax attorneys are well-versed in helping taxpayers deal with issues surrounding their cryptocurrency assets including tax reporting requirements under US laws governing taxation matters related thereto like capital gains arising from the sale or transfer of crypto, legal opinions on ICOs, tax strategies for day traders, tax audits and litigation as well as regulatory compliance.
