Have you been charged with RICO or Racketeering? DUI Attorney David Michael Cantor discusses what to do if you’re charged with RICO on his blog.
June 24, 2010
Have you been charged with RICO or Racketeering? DUI Attorney David Michael Cantor discusses what to do if you’re charged with RICO on his blog.
REDUCED | SECURITIES FRAUD / THEFT – Mr. R was a prominent estate planning attorney in Scottsdale who was charged with 103 Felony counts ranging from Sale of Unlicensed Securities, to Fraud Schemes and Theft. Mr. R was an unwitting partner to a concert promoter who was selling investment contracts with a high rate of return. Mr. R invested his own money, his family’s money, and assisted in many of his clients investing their money with the promoter. Eventually, the promoter stole $25,000,000.00 and absconded. We were able to demonstrate that Mr. R was also a victim, who should not be treated as a co-conspirator (due to the fact that he also lost large sums of money). Ultimately, his case was resolved with four counts of a Class 6 Open Felony for Solicitation of Sale of Unregistered Securities. On the day of sentencing the judge designated all 4 felony counts as outright misdemeanors, and placed Mr. R on what became unsupervised probation with a low level of restitution. No jail time was involved.
Maricopa County Superior Court No CR2008-006750
NOT CHARGED | UNLICENSED SECURITIES SALES – In 2006, Mr. N, an investment broker, was accused of selling unlicensed securities. By working with the Plaintiff’s attorney, we were able to liquidate all securities involved and provide the Plaintiff all of his invested money back (plus interest). This resolved the case through the civil process rather than the criminal courts. The amounts involved were close to 1 million dollars.
Court – FBI Investigated