Insider Trading Arrest in Indiana: Legal Implications and Financial Impact

In the landscape of white-collar crime, few infractions carry the weight and implication of insider trading. It is an offense that does not just shake investor confidence but has the potential to rattle the financial structures that underpin our economy. This particular crime is not limited to a specific region; it finds its way into the financial centers of the largest cities and even the heart of the Hoosier State. Indiana, known for its contribution to manufacturing and technology, has witnessed its share of high-stakes financial drama.

This post is a response to such an episode, dissecting the legal framework, financial impact, and the values to be reinstated in the aftermath of an insider trading arrest in Indiana.

Call 317-636-7514 When You Need Insider Trading Criminal Defense in Indiana
Call 317-636-7514 When You Need Insider Trading Criminal Defense in Indiana

Insider Trading Explained

Insider trading is a term often tossed around in financial news cycles, but what does it really mean, and, more importantly, what are the consequences?

Definition and Legal Framework

The act of trading a public company’s stock or other securities by individuals who have access to non-public, material information about the company is known as insider trading. Federal securities laws define these offenses and many others, but generally, the elements necessary to prove an insider trading violation include the trader’s access to material, non-public information, and the breach of a duty not to disclose or use the information for personal gain.

The legal framework for prosecuting insider trading consists of multiple layers, including the Securities and Exchange Commission (SEC) enforcing civil penalties for insider trading and the Department of Justice (DOJ) prosecuting criminal cases.

Consequences of Insider Trading

The repercussions for those found guilty of insider trading can be severe. They may include hefty fines, potentially resulting in the forfeiture of illegal profits, and prison sentences. Additionally, there could be civil penalties where the offender is barred from serving as an officer or director of a public company. It’s important to remember that the consequences of insider trading extend beyond the individual traders involved. The companies and the market itself can suffer adverse effects, including lowered investor confidence, increased market volatility, and reputational damage.

Financial Impact and Consequences

The arrest in Indiana did not occur in a vacuum. Indeed, its repercussions rippled across the market with unmistakable effects.

Effects on the Stock Market

In the immediate aftermath of insider trading revelations, the stock associated with the illegal transactions experienced significant and sometimes volatile price movements. These market effects echo the decreased confidence investors have when the integrity of the financial system is called into question.

Investor Reactions and Market Volatility

Investors, particularly institutional ones, are quick to withdraw from any market segment linked to insider trading. There is a palpable aversion to risk and a corresponding flight to quality, leaving the affected companies to contend with an increasingly volatile investment landscape. The market volatility that follows such an event serves as a sobering reminder that trust is a currency in the financial world, one that can be easily devalued through actions like insider trading.

Lessons to Learn from an Insider Trading Criminal Case

The Indiana insider trading arrest offers a range of lessons, not just for the defendant but for the broader financial community.

Importance of Compliance and Ethical Practices

It underscores the vital importance of cultivating a corporate culture that emphasizes compliance and ethical trading. Companies must do more than pay lip service to regulations; they must actively promote and enforce policies that prevent illegal insider trading. The implementation of robust compliance programs, training, and regular audits can serve as a bulwark against the kind of misconduct that leads to regulatory scrutiny, legal entanglements, and the erosion of public trust.

Impact on Reputation and Career in Finance

The arrest serves as a stark example of how swiftly and irrevocably an individual’s reputation and career can be damaged by involvement in insider trading. For those in the finance industry, the case reinforces the understanding that personal and professional conduct can have profound, lifelong consequences. Those in positions of financial responsibility must act with the knowledge that their actions, both within and outside the workplace, are subject to scrutiny, and that the costs of unethical behavior can be staggering.

Conclusion

In conclusion, the insider trading case in Indiana serves as a macrocosm of the financial world’s reliance on trust, transparency, and ethical conduct. Market participants, regardless of their role or location, must be vigilant in upholding these principles. The legal and financial implications of insider trading are far-reaching, and their impact can permanently alter the trajectory of both individual careers and the broader economic landscape. By understanding the gravity of insider trading and the events that follow illegal activity, we can all move closer to a market environment that is characterized by integrity and fairness.

For those directly affected by an insider trading arrest, the path forward will be arduous. Contact Attorney David E. Lewis at 317-636-7514 to speak with a seasoned criminal defense charge defense lawyer who can skillfully fight your insider trading charges in Indianapolis, Indiana. Act now while there is still ample time to build your defense and secure your freedoms.

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From Insider Trading to Embezzlement: Exploring Common Types of White Collar Crimes

White collar crimes, often characterized by deceit, concealment, or a breach of trust, are typically committed by individuals in the business world. While these offenses may not involve physical harm or violence, their impact on businesses, individuals, and economies can be devastating.

This blog post aims to explore the different types of white collar crimes, providing detailed examples and explaining how a white collar crime attorney can provide legal assistance in such complex cases. From insider trading to embezzlement, we will delve into the intricate world of these non-violent yet profoundly damaging crimes. Stay with us as we unravel the complexities of white collar crimes.

Call 317-636-7514 to Speak With a White Collar Crime Lawyer in Indianapolis
Call 317-636-7514 to Speak With a White Collar Crime Lawyer in Indianapolis

Common Types of White Collar Crimes in the U.S.

Insider Trading

Insider trading is a type of white collar crime wherein individuals use non-public information to make stock trades for their own financial gain. This could involve company executives using confidential information about their organization’s financial performance to buy or sell stocks, resulting in personal profits. Such actions are illegal as they give insiders an unfair advantage over other investors and can harm the market’s integrity. Notable examples of insider trading include the infamous case of Martha Stewart, who was convicted and served time in prison for selling her shares in a stock shortly before its value dropped significantly due to negative news, all while being aware of the upcoming decline.

Embezzlement

Another form of white collar crime is embezzlement, which occurs when an individual entrusted with someone else’s money or property illegally takes it for personal use. This could involve a company employee embezzling funds from their employer, or a financial advisor misappropriating clients’ investments. Embezzlement can have severe consequences for both businesses and individuals, resulting in significant financial losses and trust issues. A famous example of embezzlement is the case of Bernard Madoff, who was convicted of several embezzlement charges and sentenced to 150 years in prison for running a massive Ponzi scheme that defrauded investors of billions of dollars.

Fraud

Fraud is another type of white collar crime that encompasses various offenses, including tax fraud, wire fraud, bank fraud, and securities fraud. In general terms, fraud involves dishonesty or deceit with the intention to gain something of value. For instance, tax fraud can involve misrepresenting income or expenses on tax returns to reduce taxes owed, while securities fraud involves providing false information to investors to manipulate stock prices for personal gain. While some forms of fraud may seem minor, like identity theft, they can have significant consequences and result in severe penalties if convicted.

Cybercrime

With the rise of technology and the internet, cybercrime has become a prevalent form of white collar crime. This type of offense involves using computers or other electronic devices to commit fraud, identity theft, or other illegal activities. Cybercriminals can steal sensitive information, such as credit card details or personal data, for financial gain or to carry out malicious acts. Examples of cybercrime include phishing scams, ransomware attacks, and identity theft. Due to the constantly evolving nature of technology, cybercrime is difficult to track and prosecute, making it a significant challenge for law enforcement agencies.

Hire a White Collar Crime Attorney

White collar crime charges are often complex and require extensive knowledge of both financial systems and legal procedures. This is where a white collar crime attorney comes in – a specialized lawyer who can provide guidance and representation in cases involving white collar crimes. These attorneys have a deep understanding of financial laws and regulations and are well-equipped to defend their clients against charges such as embezzlement, fraud, or insider trading.

Final Thoughts

White collar crimes may not involve violence or physical harm, but their impact on businesses, economies, and individuals can be devastating. From insider trading to cybercrime, these offenses come in various forms and can result in significant financial losses and tarnished reputations. If you ever find yourself facing white collar crime charges, it is essential to seek the help of a qualified white collar crime attorney who can provide expert legal assistance. Stay informed and stay safe from such crimes by staying vigilant and always seeking professional advice when necessary. 

You do not have to go through the legal system alone. Get a professional on your side who will fight for your rights and your freedoms. Contact Attorney David E. Lewis at 317-636-7514 to speak with a seasoned white collar crime lawyer in Indianapolis, Indiana. Our law firm will get you the best possible outcome to your criminal case!

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Indiana Cybercrime Charges: What You Need to Know

In the digital era, our dependence on technology has skyrocketed. However, with this increased reliance comes an elevated risk of cybercrime. These crimes, encompassing a variety of nefarious activities conducted online, can have significant legal repercussions, especially in Indiana.

This blog aims to shed light on the complex landscape of Indiana cybercrime charges. We will delve into tangible examples of cybercrimes, explore the role of a cybercrime lawyer, and unpack the intricate web of laws and regulations governing these offenses. Whether you’re an interested party, an accused, or simply a concerned netizen, this guide offers crucial insights into navigating the murky waters of Indiana’s cybercrime law landscape.

Call 317-636-7514 to Speak With a Cybercrime Lawyer in Indianapolis IN
Call 317-636-7514 to Speak With a Cybercrime Lawyer in Indianapolis IN

Cybercrime Examples

Cybercrimes can take on many forms, ranging from identity theft to cyberstalking. In Indiana, some of the most commonly prosecuted cybercrimes include:

Identity Theft: This crime involves obtaining someone else’s personal information without their consent and using it for fraudulent purposes. For instance, stealing someone’s credit card details and making unauthorized purchases online.

Hacking: Unlawful access to computer systems or networks, with the intent to cause damage or steal sensitive information, is considered hacking. For example, breaching a company’s database and stealing confidential data.

Cyberstalking: Using electronic communication platforms to harass, threaten, or intimidate someone is considered cyberstalking. This could involve sending threatening messages or tracking someone’s online activity without their consent.

Phishing: This is a type of fraud where criminals use fake emails, texts, or websites to trick individuals into giving out sensitive information. For instance, an email pretending to be from a bank requesting login details.

The Role of a Cybercrime Lawyer

If you ever find yourself entangled in an internet crime investigation or charged with a cyber-related offense, seeking legal counsel is critical. A seasoned Indianapolis cybercrime lawyer can offer valuable guidance and representation throughout the legal process. They will review your case, advise you on your rights, and work towards securing the best possible outcome for you. With their knowledge and experience in this specialized area of law, they can mount a strong defense on your behalf, protect your interests, and navigate the complex legal system.

Cybercrime Laws and Regulations

Indiana’s laws governing internet crimes are constantly evolving to keep up with the ever-changing landscape of technology. Some of the key legislation includes:

Computer Crimes Act: This act defines various cyber-related offenses and their corresponding penalties, including unauthorized access to computer systems, computer trespass, and cyber harassment.

Identity Deception Statute: This law makes it illegal to impersonate someone else online with the intent to harm them or commit a crime.

Data Breach Notification Act: This act mandates companies that experience data breaches involving personal information to notify affected individuals in a timely and transparent manner.

Revenge Porn Laws: Indiana has strict laws against sharing intimate images or videos without consent, commonly referred to as revenge porn.

Online Harassment Statutes: These laws make it illegal to use electronic communication platforms to harass, annoy, or alarm someone else.

Federal Cybercrimes

It’s worth noting that some federal laws also apply to cyber crimes committed in Indiana. These include the Computer Fraud and Abuse Act, which prohibits unauthorized access to computers, and the Electronic Communications Privacy Act, which protects electronic communication privacy. Additionally, certain federal agencies, such as the Federal Bureau of Investigation (FBI), handle cybercrime investigations and prosecutions in collaboration with state authorities.

Conclusion

In conclusion, Indiana’s laws and penalties surrounding internet crimes are serious and should not be taken lightly. If you find yourself facing cybercrime charges, seek the help of a qualified cybercrime lawyer immediately. Additionally, it’s crucial to educate yourself on the various types of cybercrimes and stay informed about Indiana’s ever-changing laws and regulations in this area. Together, we can work towards creating a safer online environment for all Hoosiers.  So, be mindful of your actions online and remember that cybercrime is not a victimless crime – it can have severe consequences for both the perpetrator and the victim.

You do not have to face cybercrime charges alone. Get a professional on your side who will fight for your rights and your freedoms. Contact Attorney David E. Lewis at 317-636-7514 to speak with a seasoned criminal defense lawyer in Indianapolis, Indiana. Our law firm will get you the best possible outcome to your criminal case!

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What to Expect When Facing Embezzlement Charges

Facing embezzlement charges can be an overwhelming experience, often fraught with uncertainty and fear. This white-collar crime, typically characterized by the misappropriation of funds entrusted to someone in a position of authority, carries severe consequences and can leave a lasting impact.

Throughout this blog post, we will explore a multitude of real-world embezzlement examples, such as employee theft, to give you a clearer understanding of the complexity of these cases. We’ll also discuss the crucial role an embezzlement attorney plays in navigating these legal hurdles and provide you with insight into the process surrounding embezzlement charges. Our aim is to shed light on this often misunderstood area of law, providing clarity and guidance to those who find themselves facing such charges.

Call 317-636-7514 When You Need an Embezzlement Attorney in Indianapolis Indiana
Call 317-636-7514 When You Need an Embezzlement Attorney in Indianapolis Indiana

Embezzlement Examples

Embezzlement is a crime that can occur in a variety of settings, from large corporations to small businesses, and even in personal relationships. One common example of embezzlement is employee theft, which involves an employee abusing their position of trust within a company by siphoning off funds for their personal benefit. This could be through the manipulation of financial records or the direct theft of cash or assets. Other instances may involve a person in a position of authority, such as an accountant or bookkeeper, misappropriating funds from their clients. There have also been cases where family members have embezzled money from their elderly relatives’ accounts.

The Role of an Embezzlement Attorney

If you are facing embezzlement charges, it is crucial to seek the guidance of an experienced criminal defense embezzlement attorney. These legal professionals specialize in defending individuals accused of white-collar crimes and have a deep understanding of the complexities surrounding these cases. They will work diligently to investigate the evidence against you and build a strong defense on your behalf. With their knowledge and expertise, they can negotiate with prosecutors and potentially reduce the severity of the charges or have them dropped altogether.

What to Expect if Charged With Embezzlement or Employee Theft

Embezzlement cases can be lengthy, with multiple court appearances and a possible trial. As such, it’s essential to prepare yourself for what lies ahead. Your embezzlement attorney will advise you on how to present yourself in court and may even suggest seeking counseling or therapy to address any underlying issues that may have led to the alleged crime. It’s also important to understand that embezzlement charges can not only result in criminal penalties but also civil lawsuits from the affected parties seeking restitution. Your attorney will help you navigate these potential legal ramifications and work towards a favorable outcome for all parties involved.

Penalties for an Embezzlement Conviction in Indiana

In the state of Indiana, embezzlement charges are classified as either a misdemeanor or a felony, depending on the value of the property involved. If convicted of a misdemeanor, penalties can include up to one year in jail and fines of up to $5,000. Felony convictions carry much harsher consequences, including prison time and substantial fines. Additionally, those convicted of embezzlement may face loss of employment, damage to their reputation, and difficulty finding future employment opportunities.

Wrapping Up

In conclusion, facing embezzlement charges can be a daunting and complex experience. However, with the support of an experienced embezzlement attorney, you can navigate these challenges and work toward a resolution. It’s also crucial to understand the gravity of these charges and their potential consequences, both criminally and civilly. We hope this blog has provided you with valuable information on what to expect when facing embezzlement charges and the essential role an embezzlement attorney plays in these cases.

If you or someone you know is facing such charges, seek legal counsel immediately to protect your rights and best interests. Contact Attorney David E. Lewis at 317-636-7514 to speak with a seasoned embezzlement attorney in Indianapolis, Indiana. Our criminal lawyers will obtain the best possible outcome to your criminal case!

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Understanding Bank Fraud Charges in Indiana: A Comprehensive Guide

In today’s digital age, the unfortunate reality is that bank fraud has become increasingly prevalent. In Indiana, just like in any other state, it’s an issue that has caused huge financial losses for both individuals and institutions. Whether it be through wire fraud, check fraud, or other illicit means, the consequences are severe and far-reaching.

Our comprehensive guide aims to shed light on the intricacy of bank fraud charges in Indiana, helping you to understand the finer details of these offenses, their potential implications, and the legal defenses that can be employed should you find yourself facing such charges. This is not just a read for the legally inclined but a crucial resource for all, as knowledge can equip us with the right tools to prevent becoming victims of these financial crimes.

Call 317-636-7514 to Speak With a Bank Fraud Attorney in Indianapolis Indiana
Call 317-636-7514 to Speak With a Bank Fraud Attorney in Indianapolis Indiana

What is Bank Fraud?

Bank fraud involves the use of deceitful or fraudulent means to illegally obtain money, assets, or property from a financial institution. This can include actions such as falsifying documents, identity theft, or embezzlement. The rapid advancements in technology have also made cybercrimes such as phishing and malware attacks a common form of bank fraud. These fraudulent activities not only harm the financial institutions but also have a ripple effect on the economy and individual victims.

Types of Bank Fraud in Indiana

The state of Indiana recognizes various forms of bank fraud, with some specific to financial institutions and others aimed at individuals. Here are three common types of bank fraud one can encounter in Indiana:

Wire Fraud

Wire fraud involves using electronic communications, such as phone calls or emails, to defraud an individual or financial institution. It can take many forms, including posing as a representative of a bank and tricking victims into revealing sensitive information like account numbers and passwords.

Check Fraud

Check fraud typically involves the creation of fake checks or the alteration of legitimate checks in order to obtain funds from someone else’s account. This can include forging signatures, changing the payee name, or altering the amount on the check.

Loan Fraud

Loan fraud is another common form of bank fraud in Indiana and includes actions such as providing false information to obtain a loan, misrepresenting assets or income, or submitting fraudulent documentation.

Potential Consequences of Bank Fraud Charges

The penalties for bank fraud charges in Indiana vary depending on the severity of the offense. They can range from fines and imprisonment to restitution and probation. Additionally, individuals convicted of bank fraud may also face civil lawsuits from victims seeking compensation for their losses. In cases involving large sums of money or multiple offenses, federal authorities may become involved, resulting in even harsher consequences.

Possible Defenses against Bank Fraud Charges

If you find yourself facing bank fraud charges in Indiana, it’s crucial to seek legal counsel immediately. An experienced attorney can help build a strong defense based on the specific circumstances of your case. Some common defenses against bank fraud charges include lack of intent to defraud, mistaken identity, and entrapment.

It’s also important to note that being charged with bank fraud does not automatically mean a conviction. The prosecution has the burden of proving guilt beyond a reasonable doubt, and a skilled defense attorney can challenge the evidence presented.

Conclusion

Bank fraud is a serious offense that carries significant consequences in Indiana. By understanding its different forms, potential implications, and available defenses, we can equip ourselves with the knowledge to protect against falling victim to these financial crimes. If you or someone you know is facing bank fraud charges, it’s crucial to seek legal counsel and build a strong defense to protect your rights and future. Stay vigilant and informed, as knowledge truly is power when it comes to preventing and fighting against bank fraud in Indiana.  So, continue educating yourself and those around you about this important topic.

Looking for aggressive criminal defense that can get you the best possible outcome in court for your fraud charges? Contact Attorney David E. Lewis at 317-636-7514 to speak with a seasoned criminal defense charge defense lawyer who can skillfully fight your bank fraud charges in Indianapolis, Indiana. Act now while there is still ample time to build your defense and secure your freedoms.

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Understanding the Different Types of Credit Card Fraud

With the holiday season just behind us, credit card fraud is on the rise. For this reason, it’s becoming increasingly important for consumers to be aware of what types of fraud exist. Credit card fraud can take many forms, from identity theft to phishing scams. It’s also important to understand how banks detect and prevent credit card fraud so that you can protect yourself from becoming a victim.

In this blog post, we will look at the different types of credit card fraud and discuss ways to protect yourself against them. We will also examine bank policies regarding fraudulent charges and explain what happens when someone is accused of committing credit card fraud. By understanding these concepts, you’ll be better prepared to safeguard your financial information and avoid becoming a victim of credit card fraud.

Call 317-636-7514 to Speak With a Credit Card Fraud Lawyer in Indianapolis Indiana.
Call 317-636-7514 to Speak With a Credit Card Fraud Lawyer in Indianapolis Indiana.

Common Forms of Credit Card Crimes

Identity Theft

Identity theft occurs when someone illegally obtains another person’s credit card information and uses it for their own personal gain. This can involve opening a new account in the victim’s name, making fraudulent purchases on an existing account, or even selling the stolen information to other criminals who can then use the card for their own fraudulent activities. Credit card companies use sophisticated fraud detection and prevention algorithms to identify potential identity theft attempts, such as unusual purchases or withdrawals from the account.

Phishing Scams

Phishing scams are another type of credit card fraud that involves sending emails or text messages pretending to be from a legitimate company in order to obtain sensitive information. These messages may include links that lead to a fake website and attempt to collect the recipient’s credit card number, expiration date, security code, and other personal information. Credit card companies are vigilant about monitoring for phishing attempts and use multiple layers of fraudulence protection to keep customer accounts secure.

Bank Policies Regarding Credit Card Fraud

Banks have specific policies in place to protect customers from credit card fraudulence. If a customer is suspected of being involved in fraudulent activity, banks will investigate the situation and may freeze the account while they conduct their inquiry. Credit card companies also have zero liability policies, which means that customers are not liable for any unauthorized charges made on their cards.

Consequences of Credit Card Fraud in Indiana

Credit card fraudulence is an incredibly serious crime in Indiana, with real and lasting consequences that can go far beyond the damage caused to a person’s finances. Credit card crimes include activities such as unauthorized purchases on a credit card, using someone else’s card without permission, or manufacturing or transferring counterfeit cards. Credit card fraud can drive up costs for merchants, leading to higher prices for local shoppers; it also puts consumers at risk of financial ruin if their accounts are not adequately protected. In addition, an individual found guilty of Credit card fraud in Indiana can be charged with felony theft and face up to three years in prison.

Credit card fraud is a serious offense, and those found guilty of it may face criminal charges as well as hefty fines. If you have been charged recently, contact the Law Office of David E. Lewis at 317-636-7514 to discuss your case with an experienced credit card fraud attorney in Indianapolis, Indiana. Meet over the phone, via Zoom/Skype, or in person at our Downtown Indy office.

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What are the Legal Repercussions of Check Fraud?

According to the Federal Bureau of Investigation, white collar crime “is a term that generally refers to nonviolent crimes committed by business and government professionals.” These crimes are typically motivated by financial gain, and can include embezzlement, fraud, money laundering, and bribery. In the United States, white collar crime costs businesses and taxpayers billions of dollars each year. While white collar crime is often thought of as victimless, the reality is that it can have devastating consequences for both individuals and businesses. Victims of white collar crime can suffer financial ruin, and the loss of their reputation and livelihood. Businesses can be forced to close their doors, and innocent employees can lose their jobs.

One of the most prevalent types of white collar offenses committed in the United States is check fraud. Check fraud is a type of fraud that occurs when someone uses a counterfeit, altered, or otherwise unauthorized check to pay for goods or services. Check fraud can also occur when someone writes a check without having sufficient funds in their account to cover the amount of the check, which is known as “bouncing” a check.

If you believe you are someone you love is guilty of writing, cashing, or receiving fraudulent checks, it is important to educate yourself on how the law penalizes those accused and convicted. Continue below to learn some helpful facts about check fraud, including the common legal repercussions that come along with the crime itself.

Check Fraud Lawyers Indianapolis Indiana 317-636-7514
Check Fraud Lawyers Indianapolis Indiana 317-636-7514

Facts About Check Fraud

Check fraud is a type of financial crime that involves the use of fraudulent checks to illegally obtain funds from a bank or other financial institution. Check fraud can be perpetrated in a number of ways, including using stolen checks, forging signatures, altering check amounts, and using counterfeit checks. check fraud is a serious problem for both businesses and individuals, as it can lead to significant financial losses.

Penalties for Check Fraud

Check fraud is a serious crime that can result in significant fines and even jail time. The lowest level of check fraud is a Class A misdemeanor, which can lead to imprisonment for up to 1 year and a fine of $5,000. If the amount on the check was between $750 and $50,000 however, you will instead be charged with a Level 6 felony. The potential sentence for this is 6 months to 2.5 years in jail as well as up to a $10,000 fine.

If you have been charged with check fraud, it is important to consult with an experienced Indiana criminal defense attorney who can help you understand the fraud charges against you and mount a strong defense.

How to Prevent Check Fraud

There are a number of ways to prevent check fraud, including using security features on checks, such as watermarks and microprinting, and keeping track of checks to ensure that they are not stolen or altered. businesses can also institute policies to verify the identity of individuals who attempt to cash checks, and to require that checks be signed in the presence of a company representative. individuals can take steps to protect themselves from check fraud by keeping track of their checks and being aware of the signs of fraudulent activity.

Check fraud is a serious problem that can lead to significant financial losses. There are a number of ways to prevent check fraud, including using security features on checks and keeping track of checks to ensure that they are not stolen or altered. businesses can also institute policies to verify the identity of individuals who attempt to cash checks, and to require that checks be signed in the presence of a company representative. individuals can take steps to protect themselves from check fraud by keeping track of their checks and being aware of the signs of fraudulent activity.

To learn everything that you need to know about your current check fraud or bank fraud charges and how they might affect your future, contact an experienced criminal defense law firm in Indianapolis. Call the Law Office of David E. Lewis at 317-636-7514 to speak with an aggressive and experienced white collar crime charge lawyer in Indianapolis, Indiana. We can hold meetings over the phone, via online conferencing, or in person at her Indianapolis office.

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Top 4 Ways to Avoid Bankruptcy Fraud

Most criminals know they are committing a crime or participating in illegal activity, but there are others who unintentionally or inadvertently break the law. Bankruptcy fraud is one of the most common types of crimes that are committed unbeknownst to the one filing. If you are preparing to file for bankruptcy or see bankruptcy as a potential in your financial future, it is important to ensure that you are following all guidelines and meeting all legal expectations during the process.

Continue reading to learn the top four ways to avoid bankruptcy fraud and who to call if you are currently facing such charges or similar white-collar criminal charges in Indiana.

Bankruptcy Fraud Lawyers Indiana 317-636-7514
Bankruptcy Fraud Lawyers Indianapolis Indiana 317-636-7514

Bankruptcy Fraud is a Federal Offense

In all states, bankruptcy fraud is categorized as a white-collar crime. White-collar crimes are felony offenses that tend to render more serious convictions and harsher penalties, including jail time and heavy fines. If convicted of bankruptcy fraud, one will face up to five years in jail and up to $250,000 in fines.

To mitigate such fraud, case trustees are appointed by the court to confirm the veracity of the filer’s bankruptcy. If you are filing for bankruptcy, a bankruptcy trustee will inquire about your case by reviewing your assets, asking you questions about your financial history, and more.

Bankruptcy trustees are put through a concentrated training program, giving them the acute acumen and skills to identify inconsistencies and suspicious activities among one’s bankruptcy filings. For this reason, it is important to protect yourself from mistakenly committing bankruptcy fraud by doing your research.

Although it’s not expected of you to understand all of the complexities of such legal processes, as someone filing for bankruptcy, the law holds you responsible for any egregious mistakes you might make. Therefore, it is important to uphold your duty by educating yourself on how to file for bankruptcy correctly and within legal guidelines.

How to Prevent Bankruptcy Fraud

Fortunately, there are plenty of ways you can prevent committing the crime of bankruptcy fraud. Hiring a bankruptcy attorney is a great way to ensure that all of your paperwork in filings are correct. For now, start with these top four tips on how to avoid bankruptcy mistakes that can lead to white-collar criminal charges:

❶ DO NOT PROVIDE FALSE INFORMATION ON YOUR BANKRUPTCY FORMS

When filling out your bankruptcy filing forms, be sure you are being 100% honest. Providing misleading or untrue information on your bankruptcy forms can lead to case trustees to believe you are attempting to commit fraud. If you accidentally forget to include something in your disclosure, your best recourse is to contact the trustee or your bankruptcy attorney right away to amend the error. This will show your case trustee that you are not attempting to mislead the court.

❷ DO NOT HIDE ASSETS

You will be subjected to an asset investigation when filing for bankruptcy. If you attempt to hide nonexempt assets from your case trustee or relevant creditors, you could be denied bankruptcy or even charged with fraud. This includes transferring assets around to friends and family to keep them concealed. Examples of such assets include watercrafts, vehicles, properties, land, stock, IRA accounts, overseas bank accounts, and similar holdings that can be liquidated to cash.

❸ DO NOT FILE FOR BANKRUPTCY NUMEROUS TIMES IN OTHER STATES

A person who files for bankruptcy multiple times in different places can be arrested and charged with bankruptcy fraud. Because a person or business should not have to file for bankruptcy more than once within a long period of time, multiple filings tend to be a red flag among court-appointed bankruptcy trustees.

❹ NEVER ATTEMPT TO BRIBE A BANKRUPTCY TRUSTEE

Just like bribing a police officer or magistrate of the court, bribing a bankruptcy or court-appointed case trustee is considered bad practice, and may lead to charges of bankruptcy fraud upon further investigation. Bribery is taken very seriously by the courts.

Are you currently facing criminal charges for bankruptcy fraud in Indiana? Contact the Law Office of David E. Lewis at 317-636-7514 for aggressive criminal defense for white-collar criminal charges in Indianapolis, Indiana. We represent adults, minors, and juveniles all across the state.

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FAQS About Bankruptcy Fraud in Indiana

If you are planning to file bankruptcy in Indiana, be prepared to be investigated to a certain extent. That is because white collar crimes like fraud are all too common in bankruptcy filings, and must be prevented through comprehensive scrutiny. For this reason, bankruptcy petitioners are assigned a trustee who will look into their financial circumstances, including all assets, liens, loans, and more.

If you suspect that your recent bankruptcy filing might have been done incorrectly, and are now worried that you could be indicted for bankruptcy fraud, review these frequently asked questions to help clear up any confusion you might have.

Indiana Bankruptcy Fraud Attorney
A law book with a gavel – Bankruptcy law

What is Bankruptcy Fraud?

Bankruptcy fraud is a type of white collar crime that is penalized on a federal level, meaning it is a felony. Bankruptcy fraud occurs if a debtor A) hides their assets, B) lies or gives false information on their application, C) bribes a bankruptcy trustee, or D) is a habitual filer, and has filed many times in other counties. The most common action that leads filers to be charged with bankruptcy fraud is concealing, or transferring for the purpose of hiding, non-exempt assets from creditors or a trustee.

Will I Go to Jail if I Hide Assets During Bankruptcy Filing?

After a person is suspected by a trustee that they are hiding assets, or transferring them so they stay hidden, the trustee will begin to collect all evidence. From there, a civil lawsuit is filed against the person. Additionally, the person can lose their ability to file bankruptcy. In cases of more serious Bankruptcy Fraud, a person might be criminally charged by the U.S. Justice Department and the U.S. Attorney General’s office. If convicted, they can be ordered to pay up to $250,000 fines and spend up to 5 years in prison.

What Will Happen to Me if I Forgot to Include Something in My Bankruptcy Disclosure?

Because the process of filing bankruptcy is serious, it is important to do so with the help of a civil attorney. They will make sure all filings are done comprehensively and correctly. If you did yours on your own, but now fear that you forgot to add something, now would be the time to hire a civil lawyer for help with your application. They can set things straight for you in no time.

What Should I Do if I Am Charged With Bankruptcy Fraud in Indiana?

Call David E. Lewis, Attorney at Law at 317-636-7514 to get help with your Indiana bankruptcy fraud charges, today. Whether charged with fraud crimes or some other type of white collar crime, our Indianapolis criminal defense law firm offers free initial consultations to discuss the best strategies of defense for your case. Avoid the maximum penalties for your criminal charges by calling David E. Lewis, Attorney at Law, today!

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What is Bankruptcy Fraud?

Bankruptcy is a type of legal protection for those who have no other choice but to start fresh, financially. The objective of Chapter 7 bankruptcy is to liquidate non-exempt assets and sort out as much debt as possible. However, the process of filing for bankruptcy can be complex, especially for those who are not keen to legal jargon and procedure. For this reason, many people are simply afraid to file bankruptcy out of fear that they might make a mistake and be audited for fraud. In fact, professional bankers recommend hiring an attorney to file for bankruptcy for the sole purpose of avoiding devastating errors that can lead to legal troubles.

But not to worry; unintentional bankruptcy fraud is not even fraud. It’s common error that can be resolved. If you make a mistake during the filing process, you will simply be informed and redirected. However, deliberate bankruptcy fraud is another situation; one that comes with serious legal penalties.

Continue reading to learn what constitutes bankruptcy fraud, as well as, the standard penalties for being convicted in Indiana.

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Bankruptcy Fraud is a White Collar Crime

Bankruptcy fraud falls under white collar crimes, which entails federal-level offenses typically dealing with large amounts of money. When a person illegally drains the revenue and profits of a business or local economy, they have committed a white collar offense. Accordingly, a person commits bankruptcy fraud by knowingly and intentionally hiding or altering information for the purpose of gaining a financial advantage. More specifically, bankruptcy fraud occurs if an applicant purposefully hides assets, secretly transfers assets to conceal them, gives false information, bribes court-appointed trustees, files multiple times in different courts, or all a combination of the above.

Most Common Types of Bankruptcy Fraud Crimes in Indiana:

Providing False Information on Documents

Hiding Assets from Liquidation

Attorney Filing Incorrect Paperwork on Behalf of Client

Intentional Discrepancies on Bankruptcy Petition

Transferring Real Estate, Money, or Assets to Family Members

Filing Multiple Cases in Separate States

Using Stolen Social Security Numbers

Filing a False Claim

Destroying or Concealing Financial Records

Giving or Accepting a Bribe

Foreclosure Scams

State and Federal Bankruptcy Fraud Laws

Because it is a federal offense, if you are charged with bankruptcy fraud, you will face some serious penalties if found guilty. The common consequences are denial of bankruptcy, large fines, and of course, a criminal record. Here in Indiana, bankruptcy fraud is charged as a Level 5 Felony, which is punishable by up to 6 years in prison and $10,000 in fines. More serious crimes can be punished by up to 20 years in prison and $250,000 in fines.

Who to Trust for Skilled Federal Criminal Defense in Indiana

Call David E. Lewis, Attorney at Law, at 317-636-7514 if you have been charged with a federal crime in Indianapolis, or within the Central Indiana counties. Our law firm offers aggressive and experienced criminal defense for anyone facing bankruptcy fraud charges or white collar crime charges in Indiana. Don’t settle for an attorney that doesn’t have the drive. Attorney David E. Lewis will stop at nothing to protect your rights and preserve your freedoms. We also offer criminal record expungement services to help clean up your criminal history and improve your quality of life!

Indianapolis Criminal Defense 317-636-7514
Schedule a Free Consultation Today!