Experienced Denver Criminal Defense Lawyer
Helping You Fight Back Against Ponzi Scheme Accusations
“Ponzi schemes” are a type of
fraud in which the operators promise to pay substantial benefits to investors
based on new capital coming in from investors that are then added later.
People are usually enticed into these scams with the promise of higher
and more consistent returns than other traditional investments. However,
these scams usually result in large amounts of capital theft, and they
are illegal on a federal level.
When you are accused of running a Ponzi scheme, you should not endeavor
to stand up to your prosecution alone. I, Attorney David L. Owen Jr. of the
Law Offices of David L. Owen, Jr., P.C., have nearly three decades’ worth of criminal defense experience,
and have tried cases both on the state and federal levels. I handle each
case diligently and aggressively, and strive to provide each of my clients
with top-quality service and knowledgeable representation that will maximize
their chances of a favorable result.
Call my office today and allow me to provide you with a
free 30-minute initial consultation by calling (303) 622-3281.
Ponzi Schemes: A Federal Fraud Crime
In order to get people to fall victim to a scheme, operators will typically
reach out to potential investors saying that they can promise higher-than-normal
returns consistently and quickly based on a growing base of investments.
However, in most cases, the perpetrators usually wind up taking off with
the cash before having to pay out, and they are never seen or heard from again.
Prosecution of a Ponzi scheme is not standardized, and will vary largely
depending on the amount of money fraudulently acquired, the number of
victims, and several other factors.
- Penalties for a Ponzi scheme or any other financial fraud crime can include:
- Prison sentences
- Large fines
- Victim restitution (depending on the state, if charged on the state level)
Several famous scammers, including Bernard Madoff, have received sentences
of over 100 years in prison due to their convictions. Don’t head
down that same path; call my firm and secure quality legal counsel and
representation for your case.
Contact the Law Offices of David L. Owen, Jr., P.C. today.