Securities Fraud Charges for Trucking Execs
Securities Fraud Charges for Trucking Execs
Federal prosecutors have charged two former logistics executives withsecurities fraud. The pair also used a complicated accounting process to mislead shareholders and officials about the value of company-owned trucks.

Investigators uncovered the scheme in 2017. Following the revelation, the company’s stock prices plummeted, and the NYSE delisted the company’s offering. Following the announcement of charges against the former executives, the company declared bankruptcy and laid off about 3,800 employees nationwide. The company was unable to pay loan covenants and could not secure new financing.

According to investigators, the company expanded its truck leasing company between 2013 and 2016. The company began with about 750 trucks and grew that number to 11,000 by 2016. Following the rapid expansion, the value of the company’s fleet dropped substantially, due to changes in the used-truck market. Additionally, many of the newly purchased trucks used a defective engine, which made drivers reluctant to lease or drive them.

The executives falsely valued the trucks on the company’s books at about four times their true market value. Instead of restating the value of the damaged trucks, the executives concocted a scheme to bury the losses. As part of the scheme, the executives traded the defective trucks for newer ones. The trades were characterized as purchases and sales, and the values of the traded trucks were inflated to cover the losses.

Ultimately the company traded about 1,000 defective trucks for 600 newer ones but hid the losses on the trades. They also convinced the trading partner to write a check for $25M, which the company would return after the end of the quarter. Investigators concluded that shareholders lost about $44M in the deal.

The arrested executives could face decades in prison if convicted on all nine counts of conspiracy to commit wire fraud, bank fraud and securities fraud. They also face charges of securities fraud; making false statements and destroying evidence.

Los Angeles securities fraud attorney


When you face federal charges related to investment fraud, hire an experienced securities fraud attorney like Robert Helfend. Mr. Helfend has 35 years of experience in criminal defense. He takes federal cases in any US District Court.

Your best defense option in federal court is to work with an experienced defender. Mr. Helfend is a top-rated defense attorney with a reputation for fighting aggressively for his clients.

Don’t rely on inexperience when your future is at stake. Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County securities fraud case.

Photo Credit: TruckPR, via Flickr.com

Embezzlement Plea Ends Saugus Woman's Case
Embezzlement Plea Ends Saugus Woman’s Case
A former accountant accused of embezzlement pleaded guilty to one felony count last month. The woman admitted to stealing nearly $90,000 from non-profit groups including the Girl Scouts.

She originally faced charges of grand theft by false pretenses. Prior to her arrest, the woman had served for years as the treasurer for several local Girl Scout troops. She also handled funds for Girl Scout service units, which provide support services to troops. Following her arrest, investigators discovered additional evidence of thefts from the Beverly Hills Cancer Center. Verifiable losses to the Girl Scouts exceeded $58,000. Losses to the Beverly Hills Cancer Center totaled about $30,000.

In addition to working for those organizations, the woman also did fundraising for several other non-profit organization in the area. Investigators did not find evidence of financial losses among the other nonprofits the woman worked with.

As the result of her plea deal, the former accountant faces 1 year in jail and 5 years of probation.

Santa Clarita embezzlement lawyer


When you face charges of grand theft from an employer, hire an experienced embezzlement lawyer like Robert Helfend. Mr. Helfend has more than 35 years of criminal defense experience. He takes embezzlement cases in Los Angeles County and throughout Southern California.

Mr. Helfend provides aggressive criminal defense for his clients. He will always work to put you in the best possible position. Sometimes, this means getting charges against you reduced or dropped. It can also mean providing an aggressive defense in court. In some embezzlement cases, defendants want to arrange for a plea dea
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County embezzlement case.

Photo Credit: Brian, via Flickr.com

Fraud Charges Snag 5 in Cryptocurrency Scam
Fraud Charges Snag 5 in Cryptocurrency Scam
Federal authorities charged five men withfraud related to a $722M cryptocurrency scheme.
Federal prosecutors likened the case to a modern-day, high-tech Ponzi scheme. In addition to conspiracy to commit wire fraud, the men also face charges for selling unregistered securities.

According to investigators, the scheme operated from 2014 until last month. The scheme sold shares of “cryptocurrency mining pools” to investors. It also provided incentives for investors who recruited other investors. The operators distributed “false and misleading” earnings reports for the investors. A Camarillo man produced videos to promote the scam to potential investors.

The group targeted unsophisticated investors who would not be likely to understand how the investments worked. Beginning in 2015, the men inflated investment earnings reports to entice more investors into the scheme. In 2017, they produced phony reports showing that returns were slowing. During this period, one of the scheme’s principals attempted to cash out.

If convicted, the men face as much as 25 years in prison and fines exceeding $250,000 each.

Los Angeles Fraud Attorney


When you face federal fraud charges, your best defense begins by hiring an experienced federal fraud attorney like Robert Helfend. Mr. Helfend has more than 35 years of experience in federal criminal defense. He takes federal defense cases in any US District Court. He also takes California defense cases in Los Angeles County and throughout Southern California.

Federal prosecutors are aggressive. They have a very high win rate in court because they don’t charge defendants if they’re not certain they can win in court. To succeed as a defendant, you need to have experienced federal defense counsel in your corner.

Mr. Helfend has a reputation for being an aggressive defender of his clients’ rights. He will work tirelessly to get the charges against you reduced or dropped. When that is not possible, he will work hard to get the best possible resolution to your case.

Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County fraud case.

Photo Credit: , via Flickr.com

DUI Death Leads To Long Beach Store Clerk Arrest
DUI Death Leads To Long Beach Store Clerk Arrest
Police arrested a Long Beach store clerk who allegedly sold alcohol to a minor. The minor then allegedly killed a family of three in a DUIcrash on Halloween.

Police say the Norwalk resident furnished alcohol to the 20-year-old suspect. Hours after the sale, police say the driver struck a family of 3 on a Long Beach sidewalk. The family was returning home following trick-or-treating. All of the victims initially survived the crash, but later died in the hospital from their injuries.

The suspect has pleaded not guilty to three counts of murder and gross vehicular manslaughter. The clerk faces charges of furnishing alcohol to a minor resulting in great bodily injury. In addition to criminal charges against the clerk, the store may face disciplinary action by the California Department of Alcoholic Beverage Control

DUI/Securities Fraud Lawyer


When you face charges related to a DUI in LA, hire an experienced DUI lawyer like Robert Helfend. Mr. Helfend has more than 35 years of experience in criminal defense. He takes cases in Los Angeles County and throughout Southern California.

Often, drunk driving cases focus on the driver. This case shows that people who supply alcohol can also face criminal liability. Bartenders, waitstaff and even store clerks may face criminal charges in DUI injury and death cases.

Your best defense begins with hiring an experienced DUI lawyer. Mr. Helfend has defended thousands of Californians in impaired driving cases. He will fight aggressively in court on your behalf. He will employ a number of strategies designed to reduce or eliminate charges against you. When that’s not possible, he will work toward the best possible outcome for your case.

Don’t rely on an inexperienced attorney, and don’t attempt to represent yourself in court.

Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County DUI case.

Photo Credit: Indiana Public Radio, via Flickr.com

Drug possession charges for five Los Angeles residents
Drug possession charges for five Los Angeles residents
Four men and a woman face charges of drug possession, following their arrests earlier this year. According to police, the group modified three BMWs to transport illegal drugs around the area. Two other individuals also face charges, but they are not in custody.

The group faces charges of conspiracy to distribute controlled substances. Authorities say that between 2017 and 2018, the group distributed heroin and cocaine, as well as butane honey oil – a marijuana concentrate. They obtained the drugs in Mexico and smuggled them across the border. Investigators say that in addition to using the modified cars, the group also shipped drugs to various locations using regular courier services. In one case, the group attempted to ship 55 pounds of marijuana to Florida.

Police say the cars were modified with secret compartments in the engine. The compartments held cocaine, heroin and other contraband. Officers at the border stopped two of the three cars in the same day. Following a search of the vehicles, border patrol officers found contraband, cash and weapons in the vehicles. If convicted on all charges, the group could face sentences of 10 years to life in prison.

Los Angeles drug possession attorney


If you’ve been arrested for drug possession and are facing prosecution , your best criminal defense strategy is to hire an experienced drug possession attorney like Robert Helfend.
Mr. Helfend has practiced criminal defense exclusively for 35 years in Los Angeles County and throughout Southern California. In addition, he practices as a federal criminal defense attorney, and takes all types of criminal cases.

Drug smuggling cases can be complex. They can involve state or federal charges – and sometimes both. More than half of all current federal prisoners are incarcerated for drug-related crimes. This is the fallout of the US federal government’s war on drugs.

When you face charges in federal court, you can also face long sentences and high fines. In addition, federal prosecutors can put extreme pressure on you to plead guilty, cooperate with investigators or both. You need experienced representation, and you should not go to court without it!

Don’t settle for inexperience, and don’t face federal prosecutors alone! Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County drug possession case.

Photo Credit: Office of Public Affairs, US Marshal Service, via Flickr.com

Murder charge awaits Long Beach man
Murder charge awaits Long Beach man
A man accused of killing a woman at a Long Beach gas station will face murder charges next week. Prosecutors will seek one count each of murder, vehicular manslaughter with gross negligence, hit-and-run driving resulting in injury to another person and assault with a deadly weapon. A second person faces felony assault charges in the case.

According to police, the victim traveled with the defendants to a gas station, where the group argued. The victim and the second defendant got into a physical altercation, and the victim was thrown to the ground. The driver struck the woman with his truck, and the two defendants fled the scene.

Police found the victim at the scene with severe injuries to her upper torso. She died about a week later from her injuries. Police arrested both defendants. The woman posted bail and will return to court early next month. The man remains in custody. Police determined that a fourth passenger in the car at the time was not involved. That person has not been arrested.

Long Beach murder attorney


Despite the execution moratorium, there’s a lot at stake in a California murder trial. When you’ve been arrested for murder, prosecutors in the state can (and do) seek the death penalty. You need a murder attorney who will defend you aggressively throughout the judicial process. Robert Helfend has 35 years of experience in criminal defense. He takes cases in Los Angeles County and throughout Southern California.

Because the penalties are so severe in murder trials, you need a murder attorney who knows what it takes to represent a murder defendant in court. An aggressive defense attorney challenges all evidence and every presumption that the prosecution makes.

Robert Helfend has provided exceptional criminal defense in Los Angeles County and throughout Southern California for 35 years. That’s an extraordinary amount of experience, and nothing substitutes for experience in criminal defense. Why take chances with an inexperienced attorney when your life is on the line?

Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County murder case.

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Sex Crimes charges for former KNBC reporter
Sex Crimes charges for former KNBC reporter
A former KNBC reporter faces sex crimes charges for allegedly soliciting sexually explicit photos from a minor. Investigators say the man sought photos from the daughter of an acquaintance.

The man, who is a licensed physician, worked with the television station for nearly three decades. He won several Emmys for his medical reporting. He no longer works for the station, but independently produces and writes material. The man is board certified in Internal Medicine and Emergency medicine. He was also previously listed as a full professor at the University of California Los Angeles. Authorities arrested him last month following a two-month investigation. Additionally, they served a search warrant related to the investigation on the man’s Beverly Hills home in October.

According to police, the man contacted the minor using the Internet in August. He faces charges of contact with a minor for sexual purposes. He is free on a $5,000 bond, and could face as much as 18 months in prison if convicted.

Los Angeles sex crimes attorney


Sex crimes charges can be devastating, regardless of how a criminal case concludes. That’s why you need an experienced Los Angeles sex crimes attorney like Robert Helfend.

Mr. Helfend does not judge his clients based the charges against them. He works immediately and aggressively to get the charges against his clients reduced or dropped. When that is not possible, he works to ensure that his clients receive the best, fairest possible outcome in court.

Convictions for sexual offenses – especially those against children – will have lifetime consequences. These could include prison time, lifetime registration as a sex offender and virtually continuous monitoring. Repeat convictions can also result in longer, harsher sentences.
Serving an entire sentence for sexual offenses does not allow you to put a conviction behind you. Convicted sex offenders often find it difficult to find gainful employment and suitable housing.

Don’t risk your freedom or your future on an inexperienced or unqualified criminal defense attorney. Choose an aggressive defense attorney with 35 years of defense experience in Southern California courtrooms.

Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273- 5611 for an immediate consultation on your Los Angeles County sex crimes case.

Photo Credit: barnimages.com, via Flickr.com

Securities fraud charge awaits former fashion CEO
Securities fraud charge awaits former fashion CEO
The former CEO of Iconix Brand Group faces federal charges of securities fraud and falsifying the company’s earnings. Last month, the man settled a dispute with rapper Jay-Z. Federal authorities revealed the indictment earlier this month. The NASDAQ halted trading of the company’s stocks following the announcement.

According to federal prosecutors, the executive conspired with the company’s former Chief Operating Officer to inflate the company’s earnings in 2013 and 2014. The company hid the overstatements by completing a series of fraudulent transactions in Asia. The company’s former Chief Operating Officer pleaded guilty to federal charges and agreed to cooperate with federal prosecutors.

Iconix licenses a wide range of clothing brands, including Candie’s, London Fog, Ed Hardy, Starter, Fieldcrest, Umbro, Mossimo, Cannon, Danskin, Ocean Pacific and Joe Boxer, among others. The company’s current CEO recently stated that the company is cooperating with the Securities and Exchange Commission.

The former CEO faces 10 federal charges, including conspiracy, conspiracy to destroy records, making false filings with the SEC and securities fraud. Through his attorneys, the man maintains his innocence. He also says that company lawyers approved all transactions. Federal prosecutors say that the man fraudulently inflated the value of the company, lied to auditors and to the SEC, and tried to destroy evidence.

Los Angeles securities fraud lawyer


If you’re facing federal prosecution related to investment crimes, you need an experienced securities fraud attorney like Robert Helfend. Mr. Helfend has 35 years of experience in criminal defense, and takes cases in courtrooms throughout Southern California. He also takes cases in any federal circuit in the United States.

Federal prosecutors are aggressive. Your best defense begins with an aggressive, experienced federal defense lawyer. Robert Helfend knows what it takes to defend his clients from zealous federal prosecutors.
Many federal defendants believe that their only option is to plead guilty in a federal case. That’s not always true. Don’t plead guilty without fully understanding the case against you.

Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County securities fraud case.

Photo Credit: astralvintage, via Flickr.com

Embezzlement scam sends two LA men to prison
Embezzlement scam sends two LA men to prison
Two Los Angeles area men will spend time in prison for embezzlement. One man, from Tarzana, will spend nine years in state prison for his role in a luxury car subleasing and theft scam. His accomplice, from Hollywood, will spend four years in county jail.

According to prosecutors, the men persuaded investors to buy luxury vehicles with the intention of leasing them. Instead of leasing the vehicles, the men sold the cars to unsuspecting buyers, and kept the cash. Some individual investors who provided multiple cars lost as much as $750,000. The buyers never received the titles to the vehicles.

The men stole mostly luxury brands, including Bentleys, Maseratis, Mercedes Benz, Jaguars, BMWs and Rolls Royces. According to prosecutors, the men stole about 40 vehicles before police arrested them. Some of the cars remain missing. The scam operated for about two years, and resulted in the loss of about $3.2M. At the same time, police believe the men pocketed about $4M. Earlier this year, the men pleaded no contest to multiple counts of grand theft auto and grand theft by embezzlement.

Los Angeles Embezzlement Attorney


Workplace crimes can have lifelong consequences. That’s why you need to have an experienced embezzlement lawyer by your side when you’ve been accused of workplace crimes like embezzlement, fraud or grand theft.

In many embezzlement cases, employees often begin by pilfering small amounts of money and soon get in over their heads. They don’t intend to steal, but they often quickly become enmeshed in a situation they can’t easily get out of. Often, these employees hold a position of trust and have access to money and records, which enable them to take funds entrusted to them.

Robert Helfend is an experienced embezzlement lawyer who practices criminal defense exclusively. He has worked in courtrooms throughout Southern California for 35 years, and provides superior criminal defense services and counsel.

Don’t settle for an inexperienced attorney, and don’t assume that a guilty plea is your best or only option. Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County embezzlement case.

Photo Credit: llee wu, via Flickr.com

Fraud sends Santa Clarita woman to jail
Fraud sends Santa Clarita woman to jail
A Santa Clarita woman will spend five years in jail for fraud after scamming the wedding website “The Knot.” The woman booked a wedding reception facility through the website in 2016. The website offered a $10,000 cancellation insurance policy on the facility.

Shortly after booking the site, the woman cancelled her reservation, alleging that she had severely injured herself. The woman provided documentation of her injury, and the insurance company wrote her a $10,000 check. Shortly after receiving the check, the woman contacted the insurance company saying the check had been stolen.

The insurance company began to suspect fraud and reexamined the woman’s claim. She provided a police report from the Vallejo Police Department. Upon examination, investigators determined that she had altered the document from a previous incident.

Ultimately, she pleaded guilty to a single count of insurance fraud. In addition to the jail term, the woman must also repay the $10,000 claim and $12,500 in investigative charges. An IMDB profile lists the woman as an actress, but credits for at least two roles are attributable to other actors.

Santa Clarita Fraud Lawyer


When you face charges for fraudulent activity in Los Angeles County, hire an experienced fraud lawyer like Robert Helfend. Mr. Helfend has more than 30 years of experience in criminal defense. He takes cases in Los Angeles County and throughout Southern California.

Insurance fraud defense cases require the focus and attention of an experienced defense lawyer. Your best defense strategy is to hire a top-rated defender. Robert Helfend has extensive experience in defending Californians accused of insurance fraud and other types of fraudulent actions. Don’t settle for an inexperienced defender when your freedom is at stake.

Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273- 5611 for an immediate consultation on your Los Angeles County fraud case.

Photo Credit: Chris Yarzab, via Flickr.com