Criminal Defense Lawyers

Federal Financial Crimes Attorney

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.

Christine Twomey

2024-03-21

Just had my Divorce case settled 2 months ago after having a horrible experience with another firm. I couldn’t be happier with Claire Banks and Elizabeth Garvey with their outstanding professionalism in doing so with Spodek Law Group. Any time I needed questions answered they were always prompt in doing so with all my uncertainties after 30 yrs of marriage.I feel from the bottom of my heart you will NOT be disappointed with either one. Thanks a million.

Brendan huisman

2024-03-18

Alex Zhik contacted me almost immediately when I reached out to Spodek for a consultation and was able to effectively communicate the path forward/consequences of my legal issue. I immediately agreed to hire Alex for his services and did not regret my choice. He was able to cover my case in court (with 1 day notice) and not only was he able to push my case down, he carefully negotiated a dismissal of the charge altogether. I highly recommend Spodek, and more specifically, Alex Zhik for all of your legal issues. Thanks guys!

Guerline Menard

2024-03-18

Thanks again Spodek law firm, particularly Esq Claire Banks who stood right there with us up to the finish line. Attached photos taken right outside of the court building and the smile on our faces represented victory, a breath of fresh air and satisfaction. We are very happy that this is over and we can move on with our lives. Thanks Spodek law 🙏🏼🙏🏼🙏🏼🙏🏼🙌🏼❤️

Keisha Parris

2024-03-15

Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.

Taïko Beauty

2024-03-15

I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence. Thank you team!

Anthony Williams

2024-03-12

Hey, how you guys doing? Good afternoon my name is Anthony Williams I just want to give a great shout out to the team of. Spodek law group. It is such a honor to use them and to use their assistance through this whole case from start to finish. They did everything that they said they was gonna do and if it ever comes down to it, if I ever have to use them again, hands-down they will be the first law office at the top of my list, thank you guys so much. It was a pleasure having you guys by my side so if you guys ever need them, do not hesitate to pick up the phone and give them a call.

Loveth Okpedo

2024-03-12

Very professional, very transparent, over all a great experience

Bee L

2024-02-28

Amazing experience with Spodek! Very professional lawyers who take your case seriously. They treated me with respect, were always available, and answered any and all questions. They were able to help me very successfully and removed a huge stress. Highly recommend.

divesh patel

2024-02-24

I can't recommend Alex Zhik and Spodek Law Firm highly enough for their exceptional legal representation and personal mentorship. From the moment I engaged their services in October 2022, Alex took the time to understand my case thoroughly and provided guidance every step of the way. Alex's dedication to my case went above and beyond my expectations. His expertise, attention to detail, and commitment to achieving the best possible outcome were evident throughout the entire process. He took the time to mentor me, ensuring I understood the legal complexities involved to make informed decisions. Alex is the kind of guy you would want to have a beer with and has made a meaningful impact on me. I also want to acknowledge Todd Spodek, the leader of the firm, who played a crucial role in my case. His leadership and support bolstered the efforts of Alex, and his involvement highlighted the firm's commitment to excellence. Thanks to Alex Zhik and Todd Spodek, I achieved the outcome I desired, and I am incredibly grateful for their professionalism, expertise, and genuine care. If you're in need of legal representation, look no further than this outstanding team.

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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.

Conclusion

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!