Fraud Crimes

Summers and Schneider works with clients accused of a number of different types of fraud crimes, in both state and federal court. These include:

Securities and Investment Fraud

Securities and investment fraud is any one of a number of deceptive practices in the stock and commodity markets.

Fraud typically occurs when individuals or corporations use deceit to falsely inflate stock values or lure money from investors. Fraud may also happen when people use unfair or "insider" knowledge to gain an upper hand in stock markets or other investments.

  • Insider trading: The trading of stock or other securities by individuals with possible access to non-public information about the company or investment
  • Ponzi schemes: A fraudulent investment operation that pays investors from their own money or that of other investors rather than from profits earned from the supposed investment.
  • Churning: A stockbroker sells or purchases securities to gain excess commission for their personal use.
  • Unsuitability: A broker places a client's funds into investments which are riskier than the client wants to take part in. Unsuitability may also involve withholding information from the client regarding the high risks involved with a particular investment.
  • Over concentration: A broker places a majority of a client's funds in one investment, rather than placing the funds in multiple sectors.
  • Unauthorized trades: A broker does not obtain permission from a client before trading the client's funds.

Credit Card Fraud

  • Credit card fraud is generally described as white-collar crime of fraudulently using, selling, buying or forging credit card information. Credit card fraud statutes also include the fraudulent use of debit card information, as well as unauthorized use of card information online.
  • As there are so many different types of credit card fraud, convictions for these charges will vary greatly and will depend on the facts of the case, the value of the property taken (or amount of injury caused) and an individual's criminal history.

Internet Fraud

Common ways to commit Internet fraud are hiding one's identity:

  • False representations while making solicitations on message boards and forums
  • False representations web sites for fake businesses or charities
  • Deceptive or false advertising on line
  • Email offers and scams
  • Unauthorized use of personal information to set up false accounts
  • Hacking for the purpose of obtaining personal information, including log-ins and passwords, without permission

Email Fraud

These crimes include "phishing" messages like the many familiar solicitations which offer dating services, prescription drugs and the chance to help a rich African king are commonly known as spam with the purpose to defraud individuals.

Mail Fraud

Mail fraud can be any deceptive solicitation sent through the U.S. mail. Examples include solicitations from a fake business or non-existent charity.

Telecommunications Fraud

Telecommunications fraud may include telemarketing fraud solicitations for money or information from false charities, businesses or survey

Identity Theft

Identity theft involves the unauthorized use of a person's personal information and/or identity.

Tax Evasion and Tax Fraud

Often includes fraudulently minimizing your personal or business taxes by using deceit and false records to avoid payment.

Insurance Fraud

Insurance fraud is any attempt to deceive or distort insurance claims to obtain money that you would not otherwise be entitled, including all types of insurance: health insurance, life insurance, business insurance, auto insurance and home owner's insurance.

Welfare Fraud

Welfare fraud is normally described as taking advantage of the United States' and individual states' welfare systems by failing to provide certain information or falsifying information in order to collect welfare benefits that are not deserved.