Commodities fraud is investigated by the Commodities Futures Trading Commission (CFTC). An investigation is typically initiated after regulators suspect a broker engaged in deceitful, fraudulent practices. These practices may involve misrepresenting the nature of an investment risk, failure to register a solicitation of funds or commingling broker funds with those of a client.
However, in order to convict a broker of commodities fraud, prosecutors must prove that important facts and the degree of risk were intentionally withheld from an investor. Working with financial analysts and commodities experts, the law office of Dan C. Guthrie defends brokers accused of commodities fraud. Mr. Guthrie analyzes the decisions and actions of his client within the unfolding of market conditions of the time, establishing their compliance with the Commodities Exchange Act (CEA).
In today’s economic climate of corporate scandals and financial meltdown, it’s not uncommon for federal investigators to go on a “fishing expedition.” Investigators may begin talking to suspects, their co-workers or investors in an attempt to find anything that will justify opening a full-scale investigation. Of course, investigators won’t always tell you if you’re under investigation, nor will they share all the information they have regarding a case. As a result, you could be a suspect and not even know it.
If you’ve been charged with commodities fraud or are currently under investigation for violating the CEA, contact the law office of Dan C. Guthrie, Jr., today to schedule a confidential consultation to discuss your case.
Commodities Fraud and Federal Investigators
Commodities fraud investigations involve auditing and reviewing the actions of a broker and the specific transactions in question. Investigators review commodities futures contracts in order to determine if fraudulent statements were made in connection with them. The bank accounts and assets of a broker may be reviewed in order to identify any unexplained sources of income or unusual activity that can be connected with his or her activities as a broker.
Defending Those Accused of Commodities Fraud
If you suspect you are being investigated for commodities fraud, it’s important to retain legal representation to protect your rights and, if possible, preempt further action on the part of investigators. As your lawyer, Dan C. Guthrie, Jr., will review the evidence in a case and the actions of investigators. When there is clearly not enough evidence to warrant further investigation, Mr. Guthrie will ask for a dismissal of the case.
Mr. Guthrie has more than 30 years of experience in defending clients accused of white collar crimes, and he has also served as a state and federal prosecutor. His experience means he understands how these kinds of cases are investigated, how federal prosecutors think and what must be done to protect the rights and interests of his clients.
To schedule a confidential consultation to discuss your case, contact the law office of Dan C. Guthrie, Jr., today.