11 Apr 23

Federal Financial Crimes Attorney

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Last Updated on: 4th August 2023, 06:38 pm

Why You Need an Experienced Federal Defense Attorney for Financial Crimes

If you are facing a federal financial crime charge, your career, reputation, and freedom are at risk. It’s vital to hire an experienced federal defense attorney to help defend you in federal court effectively. The tough nature of the federal court demands a skilled and competent attorney with an impressive track record of success. Our team of experts can provide aggressive representation that ensures your liberty is fiercely protected.

Federal Financial Crimes Explained

Federal authorities investigate alleged financial crimes that involve misuse of the national financial system. In the past, judges were easy on white-collar criminals who had money and connections. However, this changed after the 2008 financial crisis when public opinions turned against such offenders, resulting in stricter sentencing practices.

The Common Types of Federal Financial Crimes

Hiring a competent attorney for any type of financial crime case is crucial as they will protect your freedom and fight aggressively for your rights. Let’s look at some common types of federal financial crimes:

Money Laundering: This is where a criminal tries to make illegally obtained cash appear legal by laundering it through various businesses’ normal transaction operations showing clean profits despite being dirty money.

Tax Evasion: Failure to pay taxes paid on income earned as an individual or business person is known as tax evasion.

Bank Fraud: Bank fraud may entail obtaining assets held by financial institutions illegally or defrauding depositors there.

Securities Fraud: Brokers persuade customers to invest in bad stocks that result in losses for clients but enriching brokers themselves.

Insider Trading: Insider knowledge inaccessible to the general public is used to gain advantage in trading securities like buying stock before publicly announcing mergers.

Racketeering: This catch-all term describes fraudulent dealings commonly prosecuted as federal fraud since they use bank facilities or security brokers extensively.

The Penalties Attached with Convictions

Most people convicted of federal financial crimes find themselves facing jail time, heavy fines, and an order for retribution. The penalty for specific crimes depends on the context and the amount of money involved.

Here’s a brief look at some of the possible penalties in event of federal financial criminal conviction:

Money Laundering: The fine could be as much as twice the illegally laundered amount, coupled with jail time for any underlying crimes that resulted in laundering proceeds.

Bank Fraud: This crime attracts up to 30 years in prison plus a fine not exceeding $1 million.

Tax Evasion: Tax evaders face a sentence of up to five years in jail, accompanied by hefty fines ranging from $100,000 to $500,000 per business.

Securities Fraud: Securities fraud convicts might face up to 25 years jail time based on money obtained illegally, plus additional fines too.

Insider Trading: A convict faces as many as 20 years imprisonment coupled with hefty fines of up to $5 million.

Racketeering: Racketeering has twice the illegally obtained funds’ fine coupled with lengthy prison terms based on underlying crime.

Potential Defense Strategies for Federal Financial Crimes

Your attorney can choose the best strategy to defend their clients from federal financial crime charges depending on each case’s unique circumstances. Acquittals are not dependent on proving innocence; instead, they are contingent upon casting enough doubt over your guilt, requiring competent counsel representation. Here are some potential defense strategies:

Lack of Intent – Conviction demands proof of intent for committing financial crimes federally; otherwise, it’s insufficient evidence. Your attorney will try and establish reasonable doubt over your intentions while performing alleged offenses.

Immaterial Outcome- In bank fraud cases, attorneys sometimes make arguments that accuse certain incidences or actions to have no bearing or consequence on bank operations or financial position. That way lessening culpability.

Coercion or Duress – There may be instances when agents employ coercion or distress tactics when charging concerning transactions; presenting evidence of undue pressure or harm convinces judges of unpleasant circumstances swaying decisions in your favor.


Federal financial criminal charges, including money laundering and bank fraud, have severe consequences for the defendants, including lengthy prison terms and large fines. If you are facing such criminal charges, it’s paramount you get representation from an experienced federal defense attorney that knows the system well. Our attorneys have years of experiences and track records of successfully litigated cases to help with any situation you may face while still protecting your rights fiercely. Call our office today to learn more about what we can do for you!