Los Angeles White Collar Crime DefensePosted on: January 16, 2010 at 12:14 a.m.Los Angeles white collar defense attorneys spend hours pouring over paperwork and files to try and interpret the exact nature of the crimes their clients have been charged with. Los Angeles white collar crime can range from thousands to tens of millions of dollars, and with recent events the government is taking a much closer look at such crimes. The Securities and Exchange Commission (SEC) announced on Monday that it has charged Beverly Hills, California-based NewPoint Financial Services, Inc. and its co-owners and controller for conducting an unregistered offering fraud aimed at Iranian-Americans in the Los Angeles area. The SEC obtained an emergency court order to freeze their assets and preserve remaining funds that were collected from investors. The SEC also seeks preliminary and permanent injunctions and civil penalties against the defendants. The SEC’s complaint, filed in U.S. District Court for the Central District of California, alleges that NewPoint, co-owners John Farahi and Gissou Rastegar Farahi, and its controller Elaheh Amouei targeted investors in the Iranian-American community by touting New Point on a daily finance radio program that John Farahi hosts on a Farsi language radio station in the Los Angeles area. The SEC alleges that the Farahis or Amouei misled more than 100 investors into purchasing more than $20 million worth of debentures that they falsely told them were low-risk. Many investors also were falsely told that they were investing in FDIC-insured certificates of deposit, government bonds, or corporate bonds issued by companies. The SEC alleges that most of the money raised was instead transferred to accounts controlled by the Farahis to, among other things, fund construction of their multi-million dollar personal residence in Beverly Hills. According to the SEC allegations, Farahi and Amouei also made further misrepresentations to investors in an effort to lull them into keeping their money with NewPoint, saying that their money is safe and that they are guaranteed to get the entirety of their investment back. A hearing on whether a preliminary injunction should be issued against the defendants and whether a permanent receiver should be appointed is scheduled for Jan. 15, 2010, at 10:00 a.m. A Los Angeles white collar crime is defined as an illegal act(s) using deceit and concealment to obtain money, property, or services, or to secure a business or professional advantage. Los Angeles white collar crimes differ from violent crimes because they usually don’t involve physical violence and tend to relate to financial matters instead. A Los Angeles white collar crime, like a violent crime or any other crime, can carry heavy consequences depending on the severity of the crime. In the case of the NewPoint co-owners and controller, there may be penalties as well as civil consequences that the defendants might face if convicted. An experienced team of Los Angeles white collar crime defense attorneys can guide you through the process of white collar trials and devise a strategy that can prove your innocence or reduce consequences associated with white collar crimes. The Los Angeles white collar crime defense team at Kestenbaum, Eisner & Gorin, LLP has more than 50 years of in-court experience and can offer you advice and legal counsel if you have been accused or charged with a Los Angeles white collar crime. If you have been accused of a white collar crime, call us at 1(877) 781-1570 immediately or visit our website at www.keglawyers.com. Tagged as: los angeles embezzlement, los angeles white collar defense attorney White Collar Crime and Los AngelesPosted on: December 31, 2009 at 6:11 a.m.Los Angeles white collar defense is incredibly complicated for many reasons: juries like to convict "crooked" executives; the evidence can be difficult to follow; prosecutors can make a name for themselves convicting a high profile individuals; etc. This is why Los Angeles white collar defense attorneys must be knowledge regarding the law and equipped to go "toe to toe" with the city, state or federal government's best lawyers. High profile Los Angeles white collar defense cases also involve the press, so any defense attorney must be able to speak with the press without getting flustered or giving too much information away. In a recent white collar case, a New York man was formally charged last week in scam at New York University. John Runowicz, who worked as an administrator for NYU’s Chemistry Department, has been accused of falsely submitting receipts by attaching them to University reimbursement request forms. Investigators in the case believe Runowicz scavenged discarded receipts at a local liquor store and claimed that they were departmental expenses to be paid for by the department’s petty cash reserves. Investigators estimate that Runowicz submitted roughly 13,000 false receipts between 2003 and January of 2009, conning the University out of more than $409,000 in petty cash expenses. Runowicz, who was fired from the University this past summer after an internal audit revealed his activities, has been charged with falsifying business documents in both the first and second degrees, and grand larceny. If convicted, he could be facing up to 15 years in prison. When most people think of criminal activities, they tend to think of violent crimes such as robbery or assault. However, many crimes are committed everyday in Los Angeles that, like Runowicz’s alleged criminal activity at New York University, is entirely without violence. Crimes such as embezzlement, fraud or identity theft are typically committed with no threat of violence whatsoever. These crimes are commonly called “white collar" crimes, and while they may not appear as dangerous as violent crimes, they are also taken very seriously in Los Angeles. Los Angeles white collar crimes can be either misdemeanor criminal offenses or felonies, depending on the amount of damage done or value of what was wrongfully taken. Most Los Angeles white collar crimes also involve lengthy jail sentences, large fines and either probation or parole in the case of a conviction. If you or someone you know has been charged with a white collar crime such as embezzlement or fraud, call the attorneys at Kestenbaum, Eisner & Gorin, LLP today. Our attorneys have more than 50 years of combined experience in successfully defending against criminal charges of all types. Don’t let your good reputation be ruined by an accusation. Let us fight for you, call us at 877-781-1570. Tagged as: los angeles embezzlement, los angeles white collar defense attorney Kestenbaum Eisner & Gorin LLP has been recognized as one of the best U.S. law firms, based on the experience, professionalism, and ethics of its criminal defense lawyers and attorneys. We aggressively defend clients in all Southern California courtrooms on state and federal charges, including DUI, DMV, misdemeanor, felony, juvenile cases, in the following communities and courthouses. |
Consultations
877-781-1570
Our firm has the Highest Rating ("A.V. Preeminent") from Martindale-Hubbell, a national lawyers' review company, for professionalism, ethics, and competence.
The Better Business Bureau determined - Kestenbaum Eisner & Gorin LLP - is an Exemplary Company, awarding it the highest AAA Rating. Certified Specialist Criminal Law and Defense, State Bar of California Legal Specialization Contributing Author, Grand Jury Investigations, Calfornia Criminal Law and Procedure Manual (Continuing Education of the Bar, 2004-Present) Firm partners provide legal commentary on national television and radio. The firm has also litigated a number of high-profile criminal defense matters which have been covered by the media.
Our Law Firm has received a SUPERB rating by the AVVO Law Firm Ratings Service
Firm Fan Page & News
Brochure
Our Criminal Defense Partners
Criminal Defense Resources
Federal Criminal Defense Attorneys and Legal Principles
Sex Crime Defense Lawyers and Courtroom Strategies
Frequently Asked Criminal and DUI Laws Questions
Los Angeles DUI Defense Attorneys and California DUI Laws
Top-Rated Criminal Defense Lawyers: Los Angeles, San Fernando, Pasadena, Santa Clarita, Burbank, and Glendale Courts
San Fernando Valley DUI and Criminal Law firm
Juvenile Defense Lawyers
DUI Lawyers Los Angeles
Warrant Probation Attorneys
Sex Crime Defense Lawyers and Courtroom Strategies
Frequently Asked Criminal and DUI Laws Questions
Los Angeles DUI Defense Attorneys and California DUI Laws
Top-Rated Criminal Defense Lawyers: Los Angeles, San Fernando, Pasadena, Santa Clarita, Burbank, and Glendale Courts
San Fernando Valley DUI and Criminal Law firm
Juvenile Defense Lawyers
DUI Lawyers Los Angeles
Warrant Probation Attorneys
Prior Criminal Law Posts
