Colorado man takes plea deal for fraud to avoid long prison stay
For some defendants facing charges related to white collar crimes such as fraud, the temptation to cooperate with the authorities or the prosecution might be strong. Perhaps a defendant has some serious securities fraud or theft charges before him and a deal could mitigate the seriousness of a potential sentence.
There are times when a plea deal is a positive option for a defendant, but that decision should be made with the trusted advice of an experienced criminal defense attorney. One Colorado securities fraud defendant was recently faced with a plea deal and took it. Doing so may shave years off of his prison sentence.
The defendant was accused of using investors’ money to pay for construction jobs but later using the money and any potential profit made for his own use. The fraud and theft of nearly $2 million put the defendant at risk of spending several decades in prison. By pleading guilty to two out of the numerous white collar offenses he was charged with, the defendant could be sentenced to a much lesser sentence: 10 years.
Our law firm helps defend the futures of people who are faced with various types of fraud, whether it be at the state or federal level. The system is hard on white collar cases now more than ever. It takes an aggressive defense attorney to get a defendant to the best possible outcome of a serious situation.
Source: Post Independent, “Craig Davis cops plea over investor fraud,” John Colson, Dec. 21, 2012