Pittsburgh Securities Fraud Lawyer

Pittsburgh Securities Fraud Attorney

Securities fraud cases involve complex financial transactions and regulations. This requires a deep understanding of federal law and the financial sector. If you or your business is under investigation or facing charges, securing the representation of an experienced criminal defense attorney is paramount. A skilled Pittsburgh securities fraud lawyer can analyze the details of your case and protect your rights throughout the legal process.

At Stanton D. Levenson, P.A. Law Offices, we have over 50 years of combined experience in criminal defense, including federal securities fraud cases in Pittsburgh, Pennsylvania. With two generations of criminal defense attorneys fighting on your behalf, we provide strategic and aggressive legal representation. Our approach to criminal defense means you benefit from “Criminal Defense With Twice The Brain Power.”

Why Choose The Levenson Law Firm

If you are facing securities fraud charges, your freedom and reputation could be at stake. The Levenson Law Firm has the experience and insight to protect your rights and fight your charges. Whether you are facing state fraud charges in Allegheny County or a federal securities case in the Western District of Pennsylvania, our firm understands the courts, how their prosecutors work and think, and how to mount an effective and strategic defense.

Federal vs. State Fraud Charges: What’s the Difference?

Securities fraud charges can be filed at either the state or federal level, depending on the scope and impact of the offense. Federal charges typically involve large-scale schemes, interstate activities, or violations of federal laws. State-level charges are tied to violations of state laws and do not involve actions that cross state lines.

Convictions at the federal level may result in incarceration at facilities such as the Federal Correctional Institution (FCI) McKean. State-level convictions could lead to time at the local county jail or a lengthier sentence at institutions like State Correctional Institution (SCI) Greene.

Both state and federal prosecutors take these crimes seriously due to the financial harm they cause locals. In 2024, consumers nationwide reported losses exceeding $5.7 billion due to investment scams. Pennsylvania ranked 9th in the nation for cryptocurrency fraud losses in 2023, with residents reporting over $123 million in losses. In 2022, Pennsylvania ranked 12th nationally for investment fraud losses, totaling $65 million.

The Basics Of Criminal Fraud Cases

Fraud can generally be defined as another form of theft. However, the main difference between fraud and theft is that fraud involves one person knowingly and willfully deceiving another for their own financial benefit. As criminal defense attorneys with decades of experience, we offer serious defenses for a wide range of crimes alleging fraud, including:

• Health care fraud
• Tax fraud
• Mail fraud
• Securities fraud
• Wire fraud
• Mortgage fraud
• Identity theft
• Forgery
• Bankruptcy fraud
• Money laundering
• Credit card fraud

We believe an attorney can only provide exceptional criminal defense when he or she thoroughly understands his or her client and the allegations made against them. That’s why, at Stanton D. Levenson, P.A. Law Offices, we limit our caseload so we can get to know every client. We provide personalized counsel while using our experience to formulate an effective strategy and mount a strong defense. In doing so, we can increase the odds of a favorable outcome.

How A Fraud Charge Can Impact Your Life

Everyone knows that a criminal conviction of any kind will potentially lead to jail time and monetary fines. For example, a fraud-related conviction in Pennsylvania carries a jail sentence of 90 days for a summary offense to 10 years for a second-degree felony and a fine ranging from $300 for a summary offense to $25,000 for a second-degree felony. However, many people fail to consider how a criminal conviction will impact their social life as well. Beyond the legal consequences Pennsylvanians with a fraud conviction face, they could have limited employment and housing opportunities.

What Are The Elements Of Fraud?

In Pennsylvania, fraud is a multifaceted crime, meaning the prosecution must establish several critical elements. These include:

• Intentional misrepresentation: A fraud charge requires showing that the defendant knowingly made a false statement or misled someone. The intent to deceive distinguishes fraud from mistakes or misunderstandings.
• Knowledge of falsity: To prove fraud, it must be shown that the defendant knew of the statement’s inaccuracy when making it. Without knowing the information was false, a person cannot be said to have committed fraud.
• Victim reliance: Fraud charges require evidence that the victim relied on the false representation. If the victim was not influenced by the statement, this element of fraud cannot be satisfied.
• Resulting harm or loss: The prosecution must prove that the alleged fraud directly caused financial or personal harm to the victim. This harm typically involves financial loss, but emotional or reputational damage may also be considered in some cases.

These elements must all be proven beyond a reasonable doubt, making them critical points of focus in any fraud defense.

How To Best Defend Yourself Against A Fraud Charge

A proactive approach is essential. Certain actions can significantly impact your case’s outcome, so consider the following do’s and don’ts and potential defenses:

• Do consult an attorney: Fraud cases are complex and often involve substantial evidence. Engaging an attorney early allows for a thorough examination of evidence and the development of a defense strategy that aligns with your specific circumstances.
• Do not discuss your case publicly: Avoid discussing details of your case with anyone other than your attorney, as unintentional disclosures can harm your defense and strengthen the prosecution’s case.

Each fraud case is unique, and an effective defense often challenges specific elements the prosecution must prove. Common defenses include demonstrating a lack of intent, showing that the alleged misrepresentation was a genuine mistake or proving that the victim did not rely on the statement.

What Is The Statute Of Limitations For Fraud In Pennsylvania?

In Pennsylvania, the statute of limitations for most fraud charges is two years from the date of the incident. However, certain types of fraud, particularly those involving government funds or high-stakes financial matters, may have extended statutes of up to five years. The deadline restricts how long the prosecution can bring formal charges, making it an important factor to consider when defending a fraud case.

FAQs

What Are the Three Common Defenses Against Securities Fraud?

Three common defenses against securities fraud include lack of intent, where the defendant did not have the necessary criminal intent; reliance on advice, where the defendant acted based on the guidance of professionals; and insufficient evidence, where the prosecution cannot prove fraud beyond a reasonable doubt. These defenses can significantly impact the outcome of a securities fraud case and should be thoroughly considered in legal strategy.

Can Civil Action Be Taken Against Me for Securities Fraud?

Yes, civil action can be taken against you for securities fraud. Victims of fraud can pursue claims to recover financial losses caused by deceitful practices. Common fraud claims include misrepresentation, non-disclosure, and other deceptive investment schemes. It’s essential to seek legal guidance to ensure a strong defense if someone files a civil claim against you.

What Is the Maximum Sentence for Securities Fraud in Pennsylvania?

In Pennsylvania, the maximum sentence for securities fraud depends on the severity of the specific offense. Penalties may include significant fines, additional restitution for victims, and a lasting criminal record, all of which can have severe consequences for the defendant’s future. A defense attorney can work hard to ensure that the maximum sentence is not imposed in your case.

How Can a Defense Attorney Challenge Securities Fraud Allegations?

A defense attorney may challenge securities fraud allegations by disputing the evidence, proving a lack of fraudulent intent, or showing that the defendant acted in good faith based on professional advice. Other strategies include demonstrating that the defendant was unaware of the fraudulent actions or that the alleged conduct was not material to the investor’s decision-making process.

Why Hire Stanton D. Levenson, P.A. Law Offices

If you seek lawyers with a track record of success in white collar fraud defense, call us today at 412-837-8757 or send us a message online. With our unique collaborative approach to defense work, you’ll benefit from having two generations of criminal defense attorneys fighting as one on your behalf. Leave nothing to chance; contact an experienced Pittsburgh legal professional to help safeguard your future.