An allegation of financial fraud can make it feel like your life has been turned upside down. You could take a hit to your reputation before you ever see the inside of a courtroom. In addition to the stress that comes with facing criminal allegations, you will have to make some tough decisions about how you wish to proceed. Will you or your business be able to weather the financial storm? Will you have to cease your financial operations? It’s important to protect your rights while working to minimize the fallout of financial fraud charges.

Financial fraud can involve a wide range of criminal charges

“Financial fraud” is a catch-all term that can refer to a broad range of criminal charges, including:

  • Internal theft
  • Money laundering
  • Illegal kickbacks
  • Embezzlement

Some charges carry more serious potential consequences than others. For example, if the alleged criminal activity crossed state lines, you will probably be facing federal criminal charges. However, even state charges are just as serious. A conviction at either the federal or state level is likely to result in significant fines and a possible prison sentence.

Don’t delay taking action

Fraud allegations may come about for many reasons. The underlying accusation may stem from a misunderstanding. You could be the target of a campaign designed to undermine your business or your reputation. Regardless of the circumstances surrounding your situation, as soon as you hear of an investigation, you should take action.

Don’t give in to the temptation to address or explain the allegations made against you. Seeking advice from legal counsel does not make you guilty. You have rights. A skilled legal professional can help you protect those rights while working to build you an effective defense against financial fraud charges.