Securities Fraud Defendant Avoids Prison Time

Securities Fraud Defendant Avoids Jail Time

Marty Blazer, a former monetary advisor and FBI informant averted jail time following his responsible plea to securities fraud and identity theft fees. Blazer grew to become a central determine in an FBI investigation of faculty sports activities applications. Allegedly, a number of faculty basketball coaches accepted cash in change for steering gamers to brokers after leaving faculty sports activities for the NBA draft.

In the end, Blazer’s cooperation led to plea offers with 4 faculty coaches, a former govt for sports activities attire producer Adidas, a sport administration govt and one other monetary advisor.

Blazer settled a civil grievance in opposition to him from the Securities and Change Fee for $1.8M. The SEC accused Blazer of taking cash from purchasers and investing it with out their permission. As well as, the grievance alleged that he took cash from some purchasers to pay different purchasers.

Regardless of the responsible pleas and the SEC settlement, a federal choose in los Angeles sentenced Blazer to 1 yr of probation and $1.5M in restitution. The choose additionally ordered Blazer to pay a $2.3M nice. He at the moment has 4 complaints registered in opposition to him and can’t act as a monetary advisor.

Los Angeles securities fraud lawyer

If you face federal fees for funding fraud, rent an skilled securities fraud lawyer like Robert Helfend. Mr. Helfend has greater than 35 years of expertise solely in prison protection. He takes instances in any federal circuit in the USA. He additionally takes state-level instances in Los Angeles County and all through Southern California.

Securities fraud convictions can have critical penalties. The monetary trade is self-regulating, so a conviction can lead to long-term or everlasting debarment from working within the trade. As well as, a conviction can lead to lengthy jail sentences and important fines.

That’s why you want an skilled lawyer like Robert Helfend. Mr. Helfend has defended 1000’s of Californians in his greater than 3 many years of follow.

Contact Robert Helfend or name toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for a direct session in your Los Angeles County securities fraud case.

Picture Credit score: Ken Teegardin, by way of Flickr.com

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