Man Charged in $7 Million Fraud Scheme
Posted on Jul 22, 2011 9:40pm PDT
A man in the Atlanta, Georgia area has reportedly been charged in a $7 million investment fraud scheme. According to reports, he is accused of recruiting at least 25 people in various states to invest in a purported hedge fund by falsely guaranteeing returns of up to 50% each year. Instead of investing the money, the man apparently used it to pay his personal expenses and other investors. Now, he is facing five counts of wire fraud and nine counts of mail fraud.
Fraud charges can be incredibly serious and result in consequences such as jail time and heavy fines depending on the situation. It's important that you understand what you are being charged with and how you should go about resolving this matter. You do have rights to protect during this difficult time and options to do so. Begin the process of moving forward with your life.
It's in your best interest to work with a criminal defense lawyer who will understand your case and be able to guide you through this difficult process. A defense attorney will know how to deal with court proceedings and any other aspects necessary. You can count on a defense lawyer to always have your best interest in mind while fighting to protect your rights. Please take some time today to contact a criminal defense attorney and begin discussing the details of your case.
