As we discussed last week, federal judges appear to be toughening up on white collar criminals around the nation, enforcing lengthy prison sentences maybe with the intent to deter other powerful business figures from using their positions to commit fraud.
Many people in Colorado and the rest of the nation assume that white collar criminals are often handed down lenient sentences for crimes such as money laundering, fraud or embezzlement. However, a recent report in the New York Times reveals that judges have been toughening up on these crimes of financial deceit.
A 68-year-old former Fort Collins, Colorado, real estate agent entered a guilty plea last week after being charged with two counts of securities fraud.
Usually when it comes to white collar crimes, federal prosecutors have spent months and even years building a case up against a suspect before the person is indicted. By that point, the prosecution likely has plenty of incriminating evidence against the person, so the person's defense often becomes focused on negotiating the best plea bargain possible.