As it becomes harder and harder for people to secure their financial futures, they often turn to various types of investments as a way to ensure they will have an income for many years to come. This is especially true when it comes to commodities, where traders as well as banks and brokers can find themselves under investigation for commodities fraud. While investors always trust their brokers or banks to provide them with accurate and reliable information, the truth is some of these financial firms and advisers choose instead to make more money for themselves at the expense of unsuspecting investors and clients. If you find yourself being charged with commodities fraud, you will need the services of an attorney who has the skills and experience needed to help you obtain the best possible results.
Defining Commodities Fraud
According to the FBI, commodities fraud is defined as the sale or purported sale of commodities through illegal means. A white-collar crime that is taken very seriously by the courts, it can involve a number of serious penalties and lead to decade after decade spent in prison. However, even if you have been charged with commodities fraud, all is not lost. While federal authorities may lead defendants to believe a conviction is a foregone conclusion, it is anything but that. A smart and knowledgeable commodities fraud lawyer will know this, and employ a number of aspects in their defense strategy to help their client get acquitted of all charges.
A Complex and Challenging Case
If there is one thing that will always play in the favor of a defendant charged with commodities fraud, it’s the fact that these cases are some of the most complex a court will ever hear. Since most judges and juries have little if any knowledge of financial markets, prosecutors often have a difficult time conveying the specifics of the case in an easy-to-understand manner. Since many transactions have often taken place in these cases, prosecutors may not be able to make it clear what the trader’s intent was when carrying out their duties. Because of the complexities involved in these cases, commodities fraud lawyers can often poke one hole after another in a prosecutor’s case and place large amounts of doubt in the minds of a judge and jury. To ensure this happens in your case, contact a lawyer who has the skills and abilities needed to sway the court in your favor.
Commodities Fraud Penalties
As with many other white-collar crimes, the penalties associated with commodities fraud can be unforgiving. Prison sentences can range from 10 years up to 25 years or even more, and fines can be well in excess of $1 million. And to make matters worse, defendants in these cases may also face other charges as well including mail fraud, wire fraud, and embezzlement. When facing these charges, it’s extremely important to work with a lawyer who has a track record of success in these cases. Otherwise, you may find yourself facing serious consequences for crimes you did not commit, yet having little if any recourse other than to accept the court’s verdict. But by making sure you have the expertise of a lawyer who is committed to fighting for your rights, your chances of walking away with an acquittal increase substantially.
Get the Legal Help You Need
If you are charged with commodities fraud, there is little doubt you will be facing numerous criminal and civil consequences. Under these circumstances, you will need the best lawyer you can find to take your case. Whether your lawyer will be working with you to plan a defense strategy, negotiate a plea deal, or resolve the case in a manner that will benefit all parties, it’s important to remember that the complexities of these cases will almost always work in your favor. If you are facing a multi-count indictment, your lawyer will use this to plan a defense strategy that is aimed at putting doubt and confusion in the minds of those deciding your fate. Instead of feeling as if a conviction is inevitable, take advantage of a free consultation with an experienced lawyer and get the legal help you need to win your case.
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