in LA, it is not uncommon for a Los Angeles White Collar Attorney to defend people charged with extremely shocking crimes, such as bilking seniors out of their money or stealing money from pension funds. However, what a lawyer knows is that a charge is not a conviction. To be charged with a crime is simply to be thought guilty, not to be actually convicted by a court. A white collar crime can make a person look shameful to the general public, and without a skilled lawyer working for you, the shame could follow you all the way to prison. A recent case in Topanga highlights just how publicly embarrassing it can be for anyone charged with a serious white collar crime in Los Angeles. In Topanga, a man is accused of running a 15 year long Ponzi scheme that conned retired Los Angeles County train and bus operators out of roughly $7 million. He pleaded guilty to mail fraud and faces up to 20 years in federal prison. The man operated or used several companies to perpetrate the scheme, which targeted retirees, many of whom were employed as transit operators by the MTA. This crime was prosecuted by federal authorities, which means the penalties and prison time are far more severe. A Los Angeles White Collar Defense Attorney with a track record of success can be a great asset in such a case. The investigation process in a Ponzi scheme charge or any other white collar crime is in-depth, and only a knowledgeable lawyer can help defend against the accusations. The man is accused of portraying himself as a successful investment adviser, falsely promising high investment returns through stocks, bonds or real estate. He also insisted his investments were safe, lying to at least one victim that her investment money was insured by the federal government. If you or someone you know has been accused of, charged with or arrested for a while collar crime in Los Angeles, you need a skilled lawyer working on your behalf. With over 50 years of combined experienced, including quite a few years working in the Los Angeles District Attorneys' office, the lawyers at Kestenbaum Eisner & Gorin, LLP can help create a great defense for your case. Call us today at 877-781-1870 today! Tagged as: white collar crime fraud theft laws