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Articles Posted in White Collar Offenses

If you are like many people in Georgia, you have heard stories about people being charged with criminal offenses and the term “Ponzi scheme” has been used but you may not fully understand what this means. It may be easier than some people think to be involved in a business deal that some allege is fraudulent so understanding these allegations is important for you if you are active in any type of investment business. 

As explained by the United States Securities and Exchange Commission, a Ponzi scheme is a specific type of fraudulent activity. The name of this fraud type dates back nearly a century to the 1920s when a man named Charles Ponzi illegally made money taking money from investors for postage stamp investments but ended up paying initial investors with monies received from subsequent investors instead of from actual returns.

The SEC identifies several things that may signal an investment program could be a Ponzi scheme and one of these is when a program yields a consistent rate of return that is higher than the norm. This can be a tricky thing because there is nothing that prevents one investment from legitimately being more lucrative than others. The combination of high return and low risk is said to be another factor some consider to be indicative of a potential Ponzi scheme.

The computer age has brought all sorts of innovations and life has changed in ways that many people never could have imagined. From a financial perspective, life has changed considerably in recent years. Many people conduct their banking over the internet and people rely on technology for key financial transactions. Moreover, new payment options have been introduced and people have new ways to invest, such as the cryptocurrency market. While cryptocurrency has brought in an incredible amount of money for some, it has also given rise to certain white collar offenses such as ICO fraud and Ponzi schemes. These charges are very serious and theft, tax fraud and other offenses related to cryptocurrency can bring harsh penalties as well.

If you have been accused of a white collar offense involving cryptocurrency, you may be completely shocked or unsure of how to handle the charges. However, it is crucial to realize that your future may be at stake in various ways. Aside from the financial repercussions, your reputation may be shattered irreparably and life may never return to normal for you. The digital era has also shattered the personal lives of many people due to the rapid sharing of gossip and information via social media and message boards.

Facing white collar crime charges can be overwhelming. You may be unfamiliar with your legal rights or unsure of how to approach the case. There may be certain details that you have overlooked or other key aspects of your circumstances which could impact the end result, which is why these cases have to be thoroughly reviewed.

We recently looked into the different ways in which white collar crime charges can spell disaster for one’s career. However, it is crucial to bear in mind that these allegations can disrupt your life in other ways, even if you are ultimately found innocent. For example, you may be involved in a case that receives a great deal of public attention and your reputation could be damaged beyond repair, which is especially problematic in the digital age due to social media and online news sites. If you have been charged with a white collar offense in Atlanta, it is crucial to identify the proper approach right away.

Not only could you struggle to find work in your field due to these charges, but the financial penalties may be overwhelming. Furthermore, you may be sentenced to prison, which could take you away from your loved ones and create an overwhelming amount of distress. The damage to your reputation may adversely affect your future in all sorts of ways. You might lose close friends or encounter problems with some of your family members solely because of these accusations. Moreover, you may face health problems related to high levels of stress and other consequences due to the charges.

Because of the serious nature of white collar crime charges, being aware of all options on the table and handling your case in the most practical manner is paramount. If you view out white collar defense webpage, more material concerning white collar crime allegations is available.

When white collar crime charges surface, the situation must be looked at from a number of angles. Aside from carefully going over the details involved in the alleged incident, someone facing these charges should be aware of just how disruptive a negative outcome in court could be. In fact, simply being charged with a white collar offense can be disastrous with respect to one’s career and their reputation in the workplace and their local community. As a result, these charges must be handled properly, since many people have had their lives thrown completely off-course, even when the charges were untrue, in some cases.

There are many different types of white collar crime offenses, from embezzlement to fraud and forgery. Each case will vary, with some far more serious than others. However, all white collar crime charges can be problematic with respect to a person’s line of work. Sometimes, these allegations lead to unemployment, while others find themselves unable to land a job in their desired field because of their record and reputation. These challenges can bring financial devastation and high levels of anxiety, but someone who is facing white collar offense charges should waste no time when it comes to preparing for court.

In some cases, there are details that may seem minor but can have a huge impact on the outcome of the case. An individualized approach to white collar crime charges is crucial and our page which covers this area of law has more for those accused of white collar crimes.

Being charged with a white collar crime can be incredibly overwhelming, whether you are accused of insider trading, fraud, or an internet offense. In some instances, people who are accused of these types of crimes believe that the consequences of these charges pale in comparison to offenses they believe are more serious, such as those which involve violence. However, it must be noted that white collar offenses can be incredibly damaging for those who are dealing with allegations and may impact their future in other ways as well. For example, their career could be upended due to their record and stigma.

Depending on the nature of the offense you have been accused of and your place of employment, you may have found yourself out of work after allegations surfaced. If not, you could still be impacted as well. For example, you might have more difficulty landing a job in a particular field because of these charges. To make things worse, these accusations are not to be taken lightly and can essentially destroy your reputation, which can be damaging in more ways than one.

If you have been charged with a white collar crime, it is imperative to immediately take a step back and look at the details that surround your circumstances. Depending on the severity of your case, your future could be at stake and it is pivotal to be prepared. Head to our white collar defense section if you are looking for more information related to fraud allegations and similar topics.

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