Our Philadelphia criminal lawyers have over 25 years
of combined legal practice – handling some of the
toughest cases in the country.
SKA Law is a premier, Philadelphia criminal defense law firm, founded by professional criminal attorneys. We take on cases other law firms turn down, because we know how to fight – and when to negotiate. Our goal is to get you the best outcome possible. No fluff. No nonsense. Our focus is results.
SKA Law takes on fewer clients than other firms – it’s because we believe that taking on fewer clients means we can provide more service, and better results.
Our firm has over 25 years of combined legal practice. Our Philadelphia criminal attorneys have been recognized by the top lawyer ranking services.
Our Philadelphia criminal attorneys are available 24/7- regardless of the holiday, or time of week. We are always available to help you.
We take on fewer clients than other firms. Each client works 1:1 on with one of our senior attorneys.
Securities fraud is a white collar crime, and there are many forms of it. It turns on a person who misrepresents information that is available for investors to make a decision on whether to buy securities. That information can cause investors to lose significant sums of money. Those losses are not related to market volatility. They’re related to deception or the failure to disclose material facts. There are even cases when securities fraud is committed by individuals who aren’t registered with state and federal regulators. The following are just a few of the more common examples of securities fraud.
The Pump and Dump
This strategy is often seen with penny stocks. False or misleading information is circulated to prospective investors in an attempt to increase the value of a stock, so that the manipulators can sell the stock that they own at high prices. Honest investors will lose most or all of their money.
This is a form of investment fraud wherein new investors are attracted, and their money is used to pay older investors. The schemer promises a high rate of return with little or no risk, but in most instances, the schemer fails to invest the any money at all. When investment into the scheme halts, the fraudster runs off with the money that is left. Bernard Madoff may have run the biggest Ponzi scheme in history.
Precious Metal Scams
Fake precious metal investment programs operate by taking money from investors who believe that they’ll profit on increases in the prices of precious metals like gold or silver. The companies claim that they will store the metals for the customer, but in reality, they have no metals to deliver to investors. Of course, storage fees and commissions are charged too.
Beware of Social Media Promotions
Investment scammers have invaded social media like Facebook and Instagram with false and misleading claims. Given the vast reach of social platforms, investment solicitations go viral and attract increased numbers of investors.
Most securities fraud cases are charged federally. They are some of the most complicated cases that criminal defense attorneys can get involved in, and if an individual is pleads guilty or is found guilty, penalties can be harsh. A person who is convicted of making willfully false or misleading statements in connection with an investment scam can be sentenced to up to 20 years in prison and fined of up to $5 million. Defenses to securities fraud charges exist. We have represented financial institutions, investment advisors and investment executives that have been accused of securities fraud and related offenses.
The prosecution has the burden of proving you guilty beyond a reasonable doubt. We hold it to that burden. Many securities fraud cases pivot on the prosecution being able to prove the element of intent. That can be a difficult element to prove, especially if the government doesn’t have a statement or confession from you.
Exercise your right to remain silent and your right to counsel. If you are under investigation for securities fraud, you’re probably aware of it. Don’t give any type of a statement or confession to anybody. That might be what the prosecution needs to convict you on an otherwise weak case. The biggest mistake that you can make at this juncture is to fail to consult with an experienced and effective Philadelphia securities fraud defense attorney from our offices. If you’ve been charged accordingly, you’ll be needing us. In either case, the sooner that you contact us, the sooner we can start monitoring government activity and begin building a defense.