While Memorial Day Weekend has been traditionally been known for having barbecues and opening swimming pools, it is also becoming synonymous with law enforcement cracking down on DUI.
Raymond Foakes, Sonoma Chapter Hell's Angels' former president, will have to serve nearly 6 years jail time for allegedly being involved in a $10 million mortgage fraud scheme. Foakes has been accused of getting mortgage loans illegally between 2006 and 2007. He supplied false documents to buy many homes. Foakes also altered bank statements to do this. One or more of the illegally acquired homes were used to grow marijuana.
A hedge fund can be defined as a private investment fund that is generally made available to a limited set of investors. Given the recent increase in the popularity of hedge funds, there has been a steady rise in the number of lawsuits being filed among funds, their investors, and government regulators. Because many hedge funds are not required to be registered with the Securities and Exchange Commission (SEC), they are often criticized because of their inability to be transparent. As such, allegations of fraud have become commonplace in the world of hedge funds.
The variety of plots that currently exist to defraud the government can often be as multifaceted as the legal system itself. That said, it is not surprising that many innocent people are accused of crimes because they just happened to work for a group of people or a director who was committing fraudulent acts. The federal government takes a serious stand against anybody who is charged with committing government fraud.
Fraud is commonly defined as any purposeful deception that is practiced in an effort to secure an illegal or unjust financial gain. Breaking California’s real estate and mortgage fraud laws will subject you to prosecution under the broader area of the state's general fraud laws. Real estate fraud is any intentional misrepresentation that is made regarding any part of a real estate deal. A knowledgeable San Francisco white collar criminal defense attorney can advise you regarding your personal situation or involvement in the violation of any related state laws.
According to the FBI, pyramid schemes (also known as franchise fraud) are investment and marketing frauds in which individuals are given the opportunity to buy a distributorship or franchise to promote a specific product. Real profit is earned; however, it is not earned through the sale of the product, but rather through the sale of new distributorships. The focus on selling franchises (as opposed to the actual product) eventually leads to a point where the number of possible investors is exhausted and the pyramid collapses.