Federal Financial Crimes

Trust Glozman Law with Federal Financial Crimes

Aggressive Defense for Complex Financial Charges

If you are under investigation or have been charged with a financial crime, the stakes are high. Federal prosecutors have extensive resources at their disposal and pursue these cases relentlessly. At Glozman Law, we provide experienced, strategic defense for individuals and businesses accused of financial crimes in Chicago and nationwide. Whether you’re facing allegations of fraud, embezzlement, money laundering, or another white-collar offense, we understand how to fight back—and win.

What Is Considered a Financial Crime?

Financial crimes—also referred to as white-collar crimes—are non-violent offenses committed for financial gain. These crimes often involve deception, manipulation, or abuse of trust, and can be prosecuted under both state and federal law. Common financial crime charges include:

• Bank Fraud – Allegations of bank fraud involve attempts to defraud a financial institution or obtain money under false pretenses. This can include using false information on loan applications, forged checks, or fraudulent wire transfers.
• Wire Fraud – Wire fraud is one of the most commonly charged federal financial crimes. It involves the use of electronic communications—such as emails, text messages, or online banking systems—to carry out a fraudulent scheme.
• Mail Fraud – Similar to wire fraud, mail fraud occurs when someone uses the U.S. Postal Service or private carriers to further a fraudulent plan. Prosecutors often use this charge broadly in financial crime investigations.
• Securities Fraud – Securities fraud includes deceptive practices related to the sale or trading of stocks, bonds, or other investments. Insider trading, pump-and-dump schemes, and misrepresenting financial statements all fall under this category.
• Embezzlement – Embezzlement is the theft or misappropriation of funds placed in one’s trust—often by employees, financial advisors, or business partners. These cases often hinge on complex paper trails and intent.
• Money Laundering – Money laundering involves disguising the origins of illegally obtained money, often by funneling it through legitimate businesses or complex financial transactions. These cases frequently involve large-scale federal investigations.
• Tax Evasion – Failing to report income, underreporting earnings, or hiding assets to avoid paying taxes can result in serious criminal tax charges. We defend clients facing IRS investigations or federal tax indictments.
• Bribery and Public Corruption – Bribery charges involve offering or accepting something of value in exchange for influence or action. Public corruption cases often target government officials or businesspeople with political connections.
• Identity Theft and Credit Card Fraud – These charges involve the unauthorized use of someone’s personal information to commit fraud, open accounts, or make purchases. Federal law imposes harsh penalties, especially if the activity crosses state lines.
• Healthcare Fraud – Healthcare fraud occurs when providers or patients submit false claims to insurers or government programs like Medicare or Medicaid. Billing for services not rendered, upcoding, and kickback schemes are common allegations.
• PPP Loan Fraud – In the wake of the COVID-19 pandemic, federal prosecutors have aggressively pursued claims of fraud related to the Paycheck Protection Program (PPP). Allegations often include falsified payroll records, misuse of funds, or shell companies created to obtain loans.

Many of these offenses carry severe penalties, including long prison terms, asset forfeiture, and significant fines. Even the mere allegation of a financial crime can ruin a reputation and derail a career.