Los Angeles, California - Orange County register reports that the CEO of Homestore Inc, has pleaded guilty for committing stock fraud and white collar crimes on Tuesday. Stuart Wolff, the CEO and chairman of the real estate listing firm is sentenced in April for investment and securities fraud. He is facing up to five years in prison. There are also 11 other defendants involved in this case.
In 2001, the News broke that the Homestore was under the federal investigation for its fraudulent accounting practices. It caused company's stock price plummeted and the investors lost over $100 million dollars. Wolff was convicted in 2006 of over 12 charges for white collar crimes and fraud scheme. He was sentenced to 15 years in prison.
In Caifornia, White Collar crime is usually committed by professionals, such as CEO, corporate executive, professionals, doctors and public officials. White collar crimes usually involve fraud and theft for the purpose of obtaining money.
Under California law, white collar crimes are one of the most aggressively prosecuted crimes by the federal government. It is extremely important that you have an experienced California Criminal Defense attorney to work by your side in both state and federal court.
If you or someone you know have been charged with fraud or white collar crime, the punishment can be very serious. If convicted, the consequences for a white collar can be severe, include lengthy prison time, large amount of restitution, professional license issue, Professional Reputation. A white collar crime charge can damage one's profession and career for life. There are different type of white collar crimes, such as : Bank Fraud, Credit Card Fraud, Health Care Fraud, Medicare fraud, Medical fraud, Extortion, Embezzlement, Identity Theft, Insurance Fraud, Securities Fraud. If you are a professional or an executive who have been charged with white collar crimes or fraud crimes, you need to consult with an experienced Southern California criminal defense attorney immediately to ensure your rights are protected.
How can an Orange County criminal defense attorney help you in your white collar crime defense or Los Angeles fraud defense ?
At Law Offices of Michael L. Guisti, our Southern California criminal defense attorneys have the knowledge and expertise in defending white collar charges in both state and federal court. Our attorneys have experience working closely with federal investigators, judges and prosecutors and we are experienced in both the state and federal criminal process. Our Orange County Fraud defense attorneys and Los Angeles criminal attorneys have handled successfullly hundreds of criminal cases both felony annd misdemeanor cases throughout Southern California, including Orange County, os Angeles, San Diego and Riverside. We are able to provide specutacular results for our clients.
If you or someone you care is facing fraud charges, white collar crime charges and need professional license defense, please contact our skilled Los Angeles and Orange county criminal attorney with Law Offices of Michael Guisti at 714-530-9690 or visit us at www.topcalifornialawyer.com.
