Man Pleads Guilty to Wire Fraud
Posted on Jan 18, 2012 3:40pm PST
A man in the Rockford, Illinois area has reportedly pleaded guilty to wire fraud in regard to fraudulent loans. According to reports, he reportedly had people lending him money that he claimed would be used for a friend’s computer business. He would then allegedly promise to repay the money with large amounts of interest. However, the business never existed and he was using the money for personal expenses. Now, he faces up to 20 years in prison for the $800,000 fraud matter.
Fraud charges are not taken lightly by courts and should be handled properly at all times. There are many difficult legal aspects that you will have to deal with when charged with fraud. You will want to protect your rights and ensure that justice is upheld. Being charged and convicted can affect your personal and professional life so it’s important that you seek help when dealing with this situation.
By working with a criminal defense attorney, you can protect your rights and allow for an expert to handle the difficult legal aspects you will be facing. It’s in your best interest to have a defense lawyer working on your behalf so that you do not have to worry about how to handle your case. If you or someone you know is being charged then you should take the time to contact a defense attorney to begin discussing your case and moving forward.