Robert J. Becerra, P.A.
Robert J. Becerra, P.A.
Recent investigation leads to fraud charges for Florida woman

Recent investigation leads to fraud charges for Florida woman

On Behalf of | Sep 15, 2022 | White-Collar Crimes |

There may be a multitude of companies that have ideas to create innovative products and services but lack the necessary means to pursue their goals. Those in search of financial backing could turn to others for guidance in attracting the attention of investors and if they feel these parties do not act in their best interests, the results may prove devastating. A recent investigation into allegations of a nearly $200 million scheme has reportedly left a woman in Florida facing federal fraud charges.

Allegations of a financial scheme

According to reports, the woman operated a business that offered services to help companies in search of funding connect with potential investors. Authorities claim that she would accept funds from investors with a guarantee to help businesses seek funding via MCA loans while promising these investors returns on future profits from these companies. However, the investigation alleges that she would use the funds from new investors to pay off previous investors while skimming money from accounts in the process.

Authorities assert that she is culpable of creating a Ponzi scheme and she stands accused of stealing nearly $200 million through fraudulent means. She is also accused of hiring unqualified and unlicensed parties to help broker deals with investors. Reports indicate that her company has received funds from more than 15,000 investors during this process.

Federal fraud charges

It may come as no surprise that facing federal fraud charges can be a stressful and daunting experience. Since a conviction for such offenses carries serious repercussions that could have a lingering effect on one’s life, those facing similar challenges could benefit from speaking with an experienced attorney as soon as possible for guidance on their options and the best course of action with which to proceed. An attorney in Florida can help a client better understand what is at stake and help develop a strategy to seek the best outcome achievable concerning his or her future given the circumstances.