This type of currency has become more popular as people have turned to the digital world to secure payment for goods and services. However, the currency is also so new that laws and regulations concerning cryptocurrency are vague at best. Thus, there is a lot of room for interpreting different actions as cryptocurrency fraud, money laundering, or being accused of making illegal purchases for goods or services using this currency.
If you have been accused of any fraud or crime that involves digital currency, you need to secure the services of a cryptocurrency fraud lawyer. The outcome of your case will depend heavily on the quality of your legal representation.
Fraudulent Initial Coin Offerings (ICOs)
One of the most common charges for cryptocurrency fraud is when a new business is accused of fraudulent initial coin offerings. To understand this type of cryptocurrency fraud, you must look at what an ICO is and how someone may believe cryptocurrency fraud occurred.
Many new technology companies are using Initial Coin Offerings as a way to fund their startup. These companies are trying to develop their own cryptocurrency or technology that manages this form of currency. In most cases, these companies seek other cryptocurrency forms to operate their business until their cryptocurrency is launched.
When a company puts out an Initial Coin Offering they are also generating a list of potential clients for when their coins are launched. These investors are given a first-option for more coins at a set price or have guaranteed values for the coins they have already pre-purchased during the offering.
Many companies are accused of cryptocurrency fraud when their startup fails. They cannot provide these investors with the shares of their new currency as promised during the initial offering. But how do you distinguish cryptocurrency fraud from just poor business practices?
This is why it is crucial to have a qualified cryptocurrency fraud lawyer manage your case when you or your company has been accused of cryptocurrency fraud.
Types of Cryptocurrency Fraud
Since cryptocurrency is so new, there is very little law that actually pertains to the currency and its handling. In most cases, when you are being investigated for cryptocurrency cybercrime, you are being investigated for one or more of the following crimes:
- Computer fraud
- Banking or Wire fraud
- Mail fraud
- Money laundering
- Bank Secrecy Act violations
- Securities Act of 1933 violations
- Securities Exchange Act of 1934 violations
- Commodity Exchange Act violations
- Conspiracy to commit banking, computer, or wire fraud
- Tax Evasion
An investor may also seek legal actions against a company for cryptocurrency fraud recovery if they believe that they were a fraudulent investing victim. However, cryptocurrency fraud recovery would be separate from a criminal investigation or charge.
Cryptocurrency Fraud Can Result In Different Federal Charges
Because money crosses state lines, most cases of currency fraud are handled at the federal level. Since cryptocurrency is a very new form of currency, the Department of Justice or the Securities and Exchange Commission can handle cases involving fraud. A majority of these cases come straight from the Department of Justice.
It is essential to understand that all of these charges are serious felonies and can carry significant prison terms if you are convicted. Federal fraud charges for just one count can carry a prison sentence of up to 20 years in a federal facility.
The federal government is very aggressive about prosecuting cryptocurrency cases. The lack of regulation concerning this currency gives federal prosecutors almost “free-range” to press various charges against the individuals or companies that have been accused of fraud. In many cases, the final conviction may not even be for currency fraud but another charge such as violations of the Securities Exchange Act of 1933.
Our law firm believes that this “free-range” approach to convicting someone accused of a cryptocurrency crime is not right, and we will aggressively represent our clients to protect their rights.
You must work with a knowledgeable law firm about these charges and how the federal prosecution manages these cases. The best way to protect your rights and to have a successful defense is to work with a defense law firm that is willing to go the extra mile to ensure you have the best defense against any charges that may arise during the course of your investigation or case.
Getting The Representation You Need
If you are currently under investigation or have been officially charged with cryptocurrency fraud, it will be necessary to have a qualified attorney manage your case.
Cryptocurrency is very new, and many issues concerning this currency and the potential misuses have not been presented to the courts for consideration. This means that every issue in your case could be a new issue and could set how things are handled for future cases.
With the potential for very long prison sentences, if convicted, you must work with a defense law firm that understands digital assets, digital investing, and how cryptocurrencies as a whole work on and off the Internet. Your defense attorney must have an active and accurate account of this industry for effective representation.
At A Glance
- Expert legal strategist.
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- Received the National Top 100 Trial Lawyers Award
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Executive Managing Attorney Gina Tennen is a renowned leading advocate of personal liberties. Her meticulous trial preparation and exceptional ability to pursue every possible defense has earned her the admiration of clients and respect from prosecutors, judges, and other criminal attorneys all over the nation.
Lawyer Tennen began her career as a Senior Law Clerk for one of the toughest District Attorney’s offices in the country where she gained remarkable experience in juvenile crimes, elder abuse, parole hearings, child abuse, sex and other serious crimes. Her experience at the District Attorney’s Office armed her knowledge and case strategy in exploiting the other side’s weaknesses for the client’s advantage and building a rock solid defense. Criminal attorney Tennen’s experience on both sides and brilliant maneuvering throughout is evidenced in her winning track record. In fact, even before earning her law degree, she was instrumental in getting excellent results on several criminal cases outshining her peers.
A consummate strategist and top criminal attorney, lawyer Tennen works tirelessly on many high profile criminal cases. She is known as a relentless fighter who never gives up on any case. Whether the case is hers or handled by another criminal defense attorney from LibertyBell Law Group, no matter how small the case may seem she asserts that every client deserves the right to the best legal representation.
It is her deep belief and what she has built her entire career and lifelong dedication to that there is always hope for every client and every avenue should be pursued regardless of the time and energy it takes. For criminal attorney, Gina Tennen, devoting the finest criminal defense for clients is a habit and talent that you must apply and do all the time.
You demand the best defense. Take hold of your life and speak to our defense attorneys by calling 855-LAW-PRO1 (855-529-7761) now.
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I hired Gina and her team for my son who was facing 10 years for something they said he did when he was 17 years old. Gina was like a lioness protecting her cub. She did not stop. She fought hard and was able to defend the charges. We are so grateful to her and her team. They gave us our son. He recovered his life!– L. W.
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I hired this law firm in 2014 for my son who was facing 16 years in prison for a felony robbery. Lina Helou answered all our questions. I was extremely distraught regarding what my son was facing but Lina comforted me and told me that it would be okay. And thank goodness LibertyBell saved my son from going to jail and they were able to obtain only 3 years of probation. I could not have hired a better law firm for my son and if you want the best defense call LibertyBell Law Group. Thank God for this great group of lawyers.– V. J.
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I do not have enough words to describe how incredible the experience with this firm was. They work very hard to make sure you have winning results. I could not have asked for better service from the moment I called, until my case was over. I was glad I made the right choice. Thank you again LibertyBell Law Group!– S. O.
She took her time to review all of my evidence and proved my innocence.
My father had found this group through his company and coworkers. I was assigned Gina Tennen and I cannot explain in just a review on how gratefull I am to be working with her. My case was an accusation of unlawful sex. This had looked extremely bad on my part since I was in a fraternity and she was in a sorority. During these times with Greek life, there are too many bad stigmas surrounding these organizations. Gina had believed in me and knew that I was innocent and that these accusations just were not true. She took her time to review all of my evidence and proved my innocence. I totally recommend this law group because they are willing to put in the work to help your situation.– C. D.
Gina always kept me fully aware of how the case was proceeding.
When I first heard I was under a criminal investigation, I initially thought I would try and resolve this in the best way possible, without legal representation, as we were all interested in a "just" outcome. I quickly discovered that was not the case and contacted Gina at Liberty Bell. She clearly described the expectations and the choices available to me. She was always available to me, and when I called, if she couldn't talk with me at that time, she would quickly get back to me. Gina always kept me fully aware of how the case was proceeding. Her fee's were stipulated up front, as well as what those fees covered and what they did not.– S. B.
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Attorney Gina Tennen was on point from day one putting pressure on the sherrif's office to get things handled. With Child molestation accusatinos being thrown around Gina and Attorney Castro were great at keeping the pressure on and had no charges filled. The DCFS indications were appealed and we won with flying colors. Great service, great work, and will use again for all legal matters.– A. B.
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Being involved in legal matters can be scary. When researching who to put my trust in, I came across Liberty and I am glad that I did. From the first time that I met with Gina and her team she made me feel comfortable and listened to all that I had to say. She assured me that her team would be on it and that they would do everything that they could! A little while in, Alan took over my case. When meeting with him you can tell that this is his passion and I immediately knew he was going to do everything in his power to make the outcome right! He was relentless and worked day and night working on the case. He kept in constant communication with me and truly cared not only about me but about my family as well. I am forever grateful for the support that this whole team has given me and would definitely recommend them to anyone who is looking for truly the best lawyers!– L. B.