Investment fraud is any deceptive act or actions that lead investors to invest based on false information. The perpetrators recommend investments that don't really exist or do not match the descriptions offered. Typically, fraudulent deals promise a giant return for a modest investment.
The most famous recent investment fraud case was the Ponzi scheme run by Bernie Madoff. While the most common forms of investment fraud are insider trading and manipulation of stocks, the term also covers:
- Churning of accounts
- Unsuitable investment recommendations
- Setting up dummy corporations
- Mutual fund fraud
- Securities fraud
- Timeshare fraud
- Telemarketing fraud
- Blind pools
- "Pump and dump" schemes
Many times, investment fraud charges are paired with some other white collar criminal offense, such as embezzlement, keeping false business records, bribery or money laundering.
Because of the Madoff and other Wall Street scandals of recent years, the federal government is committed to putting perceived offenders behind bars. Many individuals have been falsely charged. Criminal defense attorney Bruce Rivers is in the forefront of representing stockbrokers and other securities professionals caught up in the investment fraud prosecution frenzy.
When you are charged with a crime like investment fraud, you must avail yourself of the most skilled, most experienced lawyer you can find. We urge you to consider Bruce Rivers of Rivers Law Firm, P.A., in Minneapolis, Minnesota.
Certified in the practice of criminal defense, Bruce Rivers has distinguished himself with effective defense in white collar crime cases. Call him at 612-915-0355 to schedule a no-charge, no-obligation case evaluation.