A Federal Fraud and Its Successful Resolution

Federal frauds, such as forging checks or internet fraud, are among the most common white-collar crime cases in Pennsylvania that we at Logue Law Group receive frequently.

But, recently, we came across a case where our client was charged with a $2.5 million fraud! If it weren’t for us, the man would’ve been serving his time behind bars right now! But thankfully, our Pittsburgh criminal lawyers intervened in this matter at the right time, which helped the client avoid prison and enjoy his new life.

Wonder how? Well, explore the blog till the end to find out.

A Massive Financial Blunder

So, our client, Mr. Floyd, was facing charges for defrauding a large, publicly traded company out of $2.5 million! And naturally, after the news became public, the court ordered him to pay this massive amount back as restitution. 

However, Mr. Floyd made a very risky decision all of a sudden. He cashed out most of his 401(k) retirement savings and bought a new house without paying back the restitution amount first.

Not just that, but he also failed to inform his probation officer or the court about this move. Now this created a massive legal hurdle for him, as he, like many people, did not realize that the government monitors the spending of people under supervised release closely.

What Happened Next?

Since Mr. Floyd bought a brand new home before paying back the restitution, it sparked the interest of federal authorities. Why? Because more often than not, such incidents suggest that the client might be hiding his assets from the court.

Now, such a disastrous move is considered to be a violation of supervised release, which would further trigger an imprisonment sentence. And our experienced team of Pittsburgh criminal lawyers knew that they had to act quickly to prevent this outcome.

So, when we stepped in for the negotiations, we started off with a thorough review of the financial records and the client’s intentions. Our goal was to highlight that Mr. Floyd lacked any type of ill intent. All we wanted out of this negotiation was to reach a solution that kept him out of jail.

As expected, the negotiation session was quite intense! Our lawyers stuck to the fact that Mr. Floyd could still fulfill his obligations without any further repercussions. And finally, the prosecution agreed to a favorable resolution.

What was the Resolution?

So, the court-ordered resolution was that Mr. Floyd was allowed to sell off his old house and was also allowed to keep his newly bought residence. Other than that, this resolution also helped him avoid any official violation of his supervised release.

What’s most important is that our client stayed out of jail despite the huge financial blunder that he committed. And such successful outcomes are proof that even federal cases have room for negotiation. However, to ensure that you enjoy such favorable outcomes, you need to hire an experienced Pittsburgh criminal lawyer for a solid defense strategy. 

So, if you are ever convicted of any federal fraud case, don’t think too much and seek help from a Pittsburgh criminal lawyer immediately. Our team at Logue Law Group is ready to defend your reputation and your future. Call us at 412-387-6901 or send an email to sean@seanloguelaw.com for booking a free consultation today!