Fighting public corruption is an ongoing battle in democracies everywhere, and punishing those who use the public interest for private gain is an important tool in the arsenal of good governments.
In New Jersey, our laws prohibit public officials and those who work for any governmental unit from cashing in on information they have gleaned from their jobs, but which has not been made public.
Under 2C:30-3, Speculating or Wagering on Official Action or Information, it is a crime to purchase or invest in property or enterprises which may be affected by such official acts, or to help others do so.
N.J.S.A. 2C:30-3 is a crime of the second degree, so conviction can result in a sentence of five to ten years and fines of up to $150,000.
Keep in mind that this statute doesn’t just apply to elected officials, but to those with any current or past association with a governmental unit.
It’s a serious charge that has to be met with a serious legal defense.
Call Matthew Reisig today at 732-625-9661 and talk to an experienced New Jersey criminal defense attorney for free.