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Home / An Overview of Financial Fraud and Criminal Defense in California

An Overview of Financial Fraud and Criminal Defense in California

A man examines business documents with a magnifying glassFinancial fraud is a subset of white-collar crimes that encompasses a wide range of illegal activities involving deceit or misrepresentation for financial gain. The laws surrounding many financial fraud crimes are so complex that individuals can find themselves charged with crimes for conduct they did not even know was against the law. Similarly, prosecutors themselves might misapply the law in a given set of circumstances and arrest individuals and charge them with crimes not supported by the facts.

The Law Offices of Stanley L. Friedman, a leading Los Angeles white-collar criminal defense attorney, is well-versed in representing clients accused of various financial fraud offenses. This article provides an overview of what constitutes financial fraud under federal and California law, including common types such as bank fraud, tax fraud, insurance fraud, securities fraud, Ponzi schemes, advance-fee schemes, embezzlement, and counterfeiting, just to name a few. If you have been arrested and charged with financial fraud in California, contact The Law Offices of Stanley L. Friedman for help from a skilled and experienced Los Angeles white-collar criminal defense lawyer.

Bank Fraud

Bank fraud involves using deceptive means to obtain money, assets, or other property owned or held by a financial institution. Common examples include check fraud, loan fraud, and credit card fraud.

Tax Fraud

Tax fraud, or tax evasion, occurs when an individual or business intentionally fails to pay taxes owed to the government. This can include underreporting income, inflating deductions, or hiding assets.

Insurance Fraud

Insurance fraud involves making false or exaggerated claims to an insurance company to receive compensation or benefits that are not deserved. It can occur in various sectors, including health insurance, auto insurance, and workers’ compensation.

Securities Fraud

Securities fraud encompasses a range of deceptive practices in the stock and commodities markets, such as insider trading, churning, and manipulation of stock prices.

Ponzi Schemes

A Ponzi scheme is a type of investment fraud where returns are paid to earlier investors using the capital of newer investors, rather than from legitimate business activities.

Advance-Fee Schemes

In advance-fee schemes, victims are persuaded to pay money upfront in exchange for the promise of a larger sum of money or valuable goods at a later date. Examples include lottery scams and inheritance scams.


Embezzlement involves the misappropriation or theft of funds or property entrusted to an individual’s care, often by an employee or someone in a position of trust.


Counterfeiting is the production and distribution of fake currency, goods, or documents with the intent to defraud. This can include counterfeit money, designer goods, and official documents.

Legal Defense for Financial Fraud

If you are accused of financial fraud in California, it is crucial to seek experienced legal representation. The Law Offices of Stanley L. Friedman provides skilled defense for individuals facing white-collar criminal charges. Our legal team will thoroughly investigate the allegations, develop a robust defense strategy, and advocate tirelessly on your behalf.

Contact The Law Offices of Stanley L. Friedman for Defense Against Financial Fraud Charges in Los Angeles

Financial fraud in California covers a wide array of activities that involve deception for financial gain. It is essential to understand the form of financial fraud you are charged with and the legal consequences it entails. If you are facing accusations of financial fraud, The Law Offices of Stanley L. Friedman is here to provide the expert legal defense you need to protect your rights and reputation.

For more information or to schedule a consultation, contact the Law Offices of Stanley L. Friedman today by calling 310-598-2000 or completing our online contact form.

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