New York securities fraud attorney Russ Kofman (https://www.lebedinkofman.com/practice-areas/criminal-defense/fraud/securities-fraud/), of Lebedin Kofman LLP, has released a new article discussing the different types of securities fraud offenses and the penalties associated with them. The article serves as a guide for those who may be facing securities fraud charges and those who are interested in learning more about this complex legal area.
Securities fraud is a serious felony with serious repercussions, as the New York securities fraud attorney explains in the article. It entails intentionally carrying out a fraud scheme in relation to any security or gaining money or property by deceptive or dishonest means in connection with the purchase or sale of any security. The federal government is the main governmental body in charge of prosecuting securities fraud, with the SEC serving as the central agency in charge of such offenses.
In the article, the New York securities fraud attorney explains the different types of securities fraud, including fraud committed by a company, insider trading, and third-party misrepresentation. He notes that for a successful conviction, the prosecution must prove beyond a reasonable doubt that the defendant willfully engaged in any act, practice, or course of business that operates or would operate as a fraud or deceit upon any person, including making an untrue statement; the defendant’s acts must be undertaken in connection with a securities transaction; the defendant must directly or indirectly use the security in connection with the scheme to defraud, and the defendant acted knowingly.
Russ Kofman emphasizes that a conviction for securities fraud can have serious consequences. Securities fraud is punishable by up to 25 years in prison, and fines can range from approximately $250,000 to up to $5 million, depending on the circumstances of the case. Additionally, probation and restitution may also be ordered.
According to Russ Kofman, “Securities fraud is a complex area of law that requires extensive knowledge and experience. It is important to work with an experienced securities fraud attorney who can provide the necessary guidance and representation to protect your rights and interests.”
He adds, “At Lebedin Kofman LLP, our securities fraud lawyers are ready to fight on your behalf. We have a proven track record of success in handling complex securities fraud cases, and we will work tirelessly to ensure that your rights are protected and your interests are served.”
The article serves as a valuable resource for those who may be facing securities fraud charges or who are interested in learning more about this area of law. It provides an overview of the different types of securities fraud, the elements of a successful conviction, and the potential consequences of a securities fraud conviction.
Securities fraud is considered a severe offense with potentially significant consequences. It is crucial to seek the guidance and representation of an experienced securities fraud attorney to protect one’s rights and interests. If someone requires legal assistance in this field, Lebedin Kofman LLP is prepared to offer effective and assertive representation.
About Lebedin Kofman LLP:
Lebedin Kofman LLP is a law firm based in New York City that focuses on criminal defense and civil rights litigation. Their attorneys have extensive experience representing clients in a variety of legal matters, including securities fraud, white-collar crimes, drug offenses, and more. They are committed to providing aggressive and effective representation to protect their clients’ rights and interests. For more information, please visit their website or call (646) 663-4430.
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