When you are facing criminal charges, there are many potential outcomes of the case. If you are convicted of a federal charge, you might be facing time in the federal prison system. You should prepare for possible time in prison if you have been convicted and are...
Month: May 2018
Insurance broker accepts plea deal on embezzlement charges
An investigation by the California Department of Insurance and FBI has resulted in a guilty plea from a 62-year-old Fresno man who operated an insurance brokerage and benefits management company. The man acknowledged that he spent $6,089,500 in clients' funds on...
Trial of California man results in Ponzi scheme conviction
A 69-year-old man residing in Roseville received a guilty verdict from a jury after a weeklong trial in federal court in San Francisco. He had been accused of misleading Japanese investors in a classic Ponzi scheme that paid early investors with cash supplied by new...
Woman pleads guilty to embezzlement
On April 23, a 51-year-old California woman pleaded guilty to the embezzlement of $114,304. She received a sentence of three years probation. The woman embezzled the funds from the brokerage firm where she worked. According to the sheriff's office, the owner of the...