Los Angeles False Financial Statements Lawyers
The legal team at Werksman Jackson & Quinn LLP in Los Angeles is known for the ability to take on financial crime cases with confidence and professionalism. The firm builds compelling defense cases to protect the rights of those accused of financial crimes, including charges of filing false financial statements.
The penalties imposed in a conviction can be significant, so it is essential to ensure you are protected by an attorney who has achieved positive outcomes in very challenging white collar crimes. The legal team at the firm understands how difficult this time may be for you, and can discuss the legal situation with you, and how to proceed. Call us today at (213) 688-0460 to schedule a free consultation and discuss the details of charges related to filing false financial statements.
False financial statements are in writing rather than spoken. Whether you are making a false financial statement for yourself or for another individual, it is considered a crime.
Here are some other elements involved in false financial statement cases:
- The false statement was made willfully
- The information was being used by another party to determine whether the individual should be given a loan, credit, or money
- The false statement is regarding a financial situation
Even if the other party does not give you a loan or money, charges could be filed against you.
There are many reasons why accusations of filing false financial statements could be filed. For example, if you acted as another party’s guarantor on a loan application provided false financial information, it is illegal. Some may provide false financial information when attempting to obtain a loan to improve their chances of success. False financial statements also include fake business names or another party’s Social Security number on a loan application.
Although whether or not you were able to defraud the other party is irrelevant in obtaining a conviction, you could be charged with additional theft crimes if a loan was provided, based on false information.
In California, false financial statement crimes can be prosecuted as a misdemeanor or a felony, depending on the specific facts in the case. If the false statements you made are about your company or yourself, chances are you may face misdemeanor charges, which might result in a $1,000 fine and as much as six months in jail. However, if you used a fake Social Security Number or false name, the charges may be filed as a felony. If charged and convicted of a felony, you may spend up to 3 years in prison and owe fines up to $5,000. A conviction for a felony offense can lead to loss of professional license, the right to vote, and the right to own a firearm, along with difficulties finding employment in the future.
The prosecution must prove that you made false financial statements intentionally to convince another party to agree to a loan or a contractual agreement. Therefore, most common defenses rely on proving that the false information was not provided with an intention to deceive, or the statements made were not false.
If you were charged with a felony or misdemeanor for making false financial statements, the team at Werksman Jackson & Quinn LLP in Los Angeles could help you build a well-crafted, solid defense for your case. Founded in 1994, our Los Angeles criminal defense law firm frequently takes on some of the most challenging legal matters and is ready to speak with you about the details of your case. Call our office today at (213) 688-0460 to schedule a free initial consultation.
Recent Case Results
- Complete Dismissal of Molestation Charges
Attorney Mark Werksman’s 29 year old client was falsely accused of molesting two neighborhood children and was subsequently charged with felony child molestation, with a significant prison sentence hanging over his head should he be convicted. Instead, at the preliminary hearing Werksman was able to convince the court to grant his client a complete dismissal of any charges.
- Decision Set Aside
Client, a college student in a faulty Title IX case, was awarded $130,000 in attorney fees.
- Probation with No Jail Time for Drug Money Laundering Charge
Wilmington man accused in New York federal court of laundering drug money through the sale of laptop computers. Mark was able to get the case transferred to federal court in Los Angeles, where he convinced the United States Attorney to reduce the charges. His client was sentenced to probation with no jail time on a misdemeanor conviction.