Criminal Lawyer For Receiving Deposits In A Failing Financial Institution (N.J.S.A. 2C:21-14)
After the financial crisis of 2008, many have come to believe that financial crimes are beyond prosecution.
Whatever the failings of federal regulators on that point, inside New Jersey, a number of laws apply to those who own, operate, and manage financial institutions.
Under N.J.S.A. 2C:21-14, Receiving Deposits in a Failing Financial Institution, it is a crime to accept a deposit, premium payment, or other investment in the institution, if the person receiving the money knows that the institution is failing, and that the person making the deposit or payment is unaware of the financial situation of the institution.
This conduct is graded as a crime of the fourth degree, and can be punished with a sentence of up to 18 months and a fine of $10,000, plus restitution to victims.
Proving the charges can be a harder haul for prosecutors, and an experienced New Jersey defense attorney can help protect your reputation and your future.
If you need help with Receiving Deposits In A Failing Financial Institution charges, call 732-625-9661 today for a free consultation with an experienced New Jersey criminal defense attorney.