A major scam has occurred in the city, raising eye brows amongst Los Angeles White Collar Attorneys from Torrance to Tujunga. White collar crime is a highly complicated area of the law, and lawyers on both sides of any criminal trial need to know accounting, finance, wire fraud and more. In Los Angeles Federal Court, a scammer was sentenced for a serious fraud issue. A man tricked people into investing in a bogus start-up Internet company (many different companies in fact) and evaded federal income taxes. Chase Norwood, who was also known as Thomas Gray, was convicted back in 2009 on 15 counts of federal mail fraud and tax evasion. Prosecutors said they will ask the judge to sentence the man to 60 months in federal prison. The 52 year old man solicited people to invest in his purported Internet start up companies, including one that was called Cal Broadband. He tricked investors into believing that the company had been in business for years and was internationally recognized in the wireless high speed Internet industry. The company was nothing more than a name however. He also lied to investors by telling them he had many licensing agreements and business affiliations with large technology companies, but none of that was true either. The Los Angeles Daily News reported that he used investors' funds to support a lavish lifestyle which included residences in some of the top hotels in Los Angeles and Beverly Hills. White Collar Attorneys will also note that his money went towards rent for his mother's condo and to hire several unlicensed brokers and telemarketers to pick out and identify potential investors in his phone company. Tales such as these seem to come along far too often these days, and the danger of heading to jail for five years or more is very real. This man was dealing with federal prosecutors who are some of the best lawyers in the country, and can only really be matched with highly skilled White Collar Attorneys who have an insider's perspective. If you need assistance with a white collar crime, call the White Collar Attorney team at Kestenbaum Eisner & Gorin, LLP. With over 50 years of combined experience, our team can create a top-notch defense for you no matter how complicated the issue is. Call us today at 877-781-1570. Tagged as: white collar crime fraud theft laws