New Jersey Money Laundering Attorney November 28, 2009
Posted by jefhenninger in Misc..Tags: money laundering
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Money Laundering is commonly charged on the Federal level but New Jersey has its own state money laundering offense that is starting to be used by prosecutors in drug and tax crimes. If you have been charged with any money laundering offense or if you think you may be a target of a money laundering investigation, call the team of tough, smart attorneys that will fight for you!
Money laundering is defined as the process whereby the origin of dishonest and/or illegally obtained money is concealed so that it appears to come from a legitimate source. On the Federal level, money laundering is prosecuted under 18 USC 1956 and 18 USC 1957. On the New Jersey State level, it is prosecuted under NJSA 2C:21-25. Regardless of whether it is prosecuted at the Federal or State level, our New Jersey money laundering defense lawyers will defend and protect you, your family and your reputation.
You can meet with our New Jersey money laundering attorneys in any one of our offices: Newark, Jersey City, New Brunswick, Woodbridge, East Brunswick, Red Bank, Freehold, Eatontown and Toms River. Call our lawyers today to discuss your money laundering case or investigation.
Man charged with selling stolen Andy Warhol artwork November 27, 2009
Posted by jefhenninger in News.Tags: mail fraud, wire fraud
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James S. Bier has been charged with mail and wire fraud in Manhattan federal court, in connection with a joint investigation conducted by the FBI and the Westchester County Police Department into his possession of numerous pieces of notable artwork believed to have been stolen from his former employer. The federal charges relate to his sale of one of those pieces of artwork, a Heinz 57 box created by the artist Andy Warhol, to an unwitting collector in New York City.
According to the Complaint:
In July 2008, Biear sold a Andy Warhol silkscreen on a wooden crate mimicking a Heinz 57 case of ketchup (the “Warhol Heinz 57 box”) to an art collector in New York City for approximately $220,000. In connection with the sale, Biear claimed that the Warhol Heinz 57 box had been gifted to him from his uncle who had legal title to the Warhol Heinz 57 box. In truth and in fact, Andy Warhol had gifted the Warhol Heinz 57 box to an art collector (the “Art Collector”) in 1964. In or around April 2007, the Warhol Heinz 57 box was noticed to be missing from the Art Collector’s New York residence after a birthday party. Biear had been employed by the Art Collector at the time that the Warhol Heinz 57 box was believed to have been stolen.
Biear is charged with one count of mail fraud and one count of wire fraud. He also faces charges brought by the Westchester District Attorney’s Office. According to the Felony Complaint filed in Westchester County court, Biear is charged with Criminal Possession of Stolen Property in the second degree in connection with Biear’s possession of artwork also believed to have been stolen from his prior employer, specifically, an ink drawing by Francis Picabia titled, “Jean Cocteau par Francis Picabia.” If convicted, he faces a maximum sentence of 15 years in prison.
Hedge Fund Manager Charged With Fraud November 27, 2009
Posted by jefhenninger in News.Tags: mail fraud
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This is an interesting case because it seems like this guy suffered some huge losses but tried to cover it up to avoid facing the music. Based upon my conversations with my own client, I am sure he thought that he would make it back at some point not matter how impossible that may have seemed to a rational person. Denial is very powerful.
Jay C. Nolan allegedly defrauding a handful of victims of approximately several million dollars they invested in a commodity futures hedge fund he managed. He has been charged with mail fraud in a criminal complaint filed in the Northern District of Illinois.
According to the complaint, Nolan operated Lodge Capital Group, LLC and managed a hedge fund known as Lodge Diversified Fund LP, which maintained a futures trading account with ADM Investor Services, Inc.
Investor A told federal agents last Saturday that in 2005, he invested approximately $720,000 with Nolan in the Lodge Diversified Fund and made additional investments of approximately $1.5 million in 2006 and $750,000 in 2007. Investor A told agents there were six other investors with Nolan in the Lodge Diversified Fund, according to the charges. Investor A said that he received monthly account statements in the mail since 2005, listing the balance for the fund as well as Investor A’s personal account balance and other investment details. Beginning in 2007, the statements were printed on ADM Investor Services letterhead, and Nolan reported each week’s investment activity by telephone.
Earlier this month, Investor A reported that he received an account statement showing that his balance at the end of October was $5,611,901.26, and that the Lodge Diversified Fund had a balance of $6,308,409.51. Investor A contacted ADM Investor Services and learned that the Lodge Diversified Fund had an account balance of approximately $170,000. Investor A, accompanied by Investor B, then met with Nolan and allegedly learned that Nolan had lost much of the money in the hedge fund in 2006 and had been sending false statements to investors to hide the substantial losses that he had incurred. A bank account that purportedly contained millions of dollars in government securities to collateralize the ADM futures trading account, allegedly had a recent balance of approximately $100,000. Despite the losses, Nolan allegedly continued taking a two percent monthly management fee from the investors.
False testimony; verification of false statements, 54:52-19 November 27, 2009
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False testimony; verification of false statements, 54:52-19
A person who knowingly swears to, affirms, certifies or verifies any false or fraudulent statement with intent to evade, avoid or otherwise not pay any tax, fee, penalty or interest, or any part thereof, or being under oath, testifies falsely at any hearing held pursuant to the provisions of the State Tax Uniform Procedure Law, R.S. 54:48-1 et seq., is guilty of a crime of the fourth degree.
In New Jersey, tax crimes are very serious. If you are under investigation for any tax issue or crime by either New Jersey state official or the IRS Criminal Division, call the team of tough, smart New Jersey criminal defense attorneys. With 10 offices, we are easy to reach from anywhere in New Jersey. Our tax crime lawyers will fight for you in any State and Federal Court in New Jersey.
Possession of goods without paying tax, 54:52-18 November 27, 2009
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Possession of goods without paying tax, 54:52-18
A person who knowingly possesses goods which are required to be taxed and on which the tax has not been paid is guilty of a disorderly persons offense.
In New Jersey, tax crimes are very serious. If you are under investigation for any tax issue or crime by either New Jersey state official or the IRS Criminal Division, call the team of tough, smart New Jersey criminal defense attorneys. With 10 offices, we are easy to reach from anywhere in New Jersey. Our tax crime lawyers will fight for you in any State and Federal Court in New Jersey.
Dealing with unlicensed person, 54:52-17 November 27, 2009
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Dealing with unlicensed person, 54:52-17
a. A person who is prohibited under the provisions of any State tax law from dealing with persons not properly licensed or registered with the Division of Taxation is a disorderly person if he knowingly deals with such an unlicensed person.
b. A person who is prohibited under the provisions of any State tax law from dealing with persons not properly licensed or registered with the Division of Taxation, who deals with an unlicensed person with the intent to evade, avoid, or otherwise not make timely payment or with the intent to assist the unlicensed person to evade, avoid, or otherwise not make timely payment of any tax, fee, penalty or interest, or any part thereof, is guilty of a crime of the fourth degree.
In New Jersey, tax crimes are very serious. If you are under investigation for any tax issue or crime by either New Jersey state official or the IRS Criminal Division, call the team of tough, smart New Jersey criminal defense attorneys. With 10 offices, we are easy to reach from anywhere in New Jersey. Our tax crime lawyers will fight for you in any State and Federal Court in New Jersey.
Operating under voided corporate charter, 54:52-16 November 27, 2009
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Operating under voided corporate charter, 54:52-16
A person is guilty of a crime of the fourth degree if he knowingly operates under a voided corporate charter.
In New Jersey, tax crimes are very serious. If you are under investigation for any tax issue or crime by either New Jersey state official or the IRS Criminal Division, call the team of tough, smart New Jersey criminal defense attorneys. With 10 offices, we are easy to reach from anywhere in New Jersey. Our tax crime lawyers will fight for you in any State and Federal Court in New Jersey.
Failure to turn over collected, withheld tax, 54:52-15 November 27, 2009
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Failure to turn over collected, withheld tax
NJSA 54:52-15
A person is guilty of a crime of the third degree if he, after having collected or withheld taxes as required by any State tax law, whether or not he is authorized, licensed, or registered to collect or withhold taxes, purposely fails to turn over the taxes to the Director of the Division of Taxation in the manner and at the time prescribed by law. The crime shall be of the second degree if the amount of the tax collected or withheld is $ 75,000.00 or more.
In New Jersey, tax crimes are very serious. If you are under investigation for any tax issue or crime by either New Jersey state official or the IRS Criminal Division, call the team of tough, smart New Jersey criminal defense attorneys. With 10 offices, we are easy to reach from anywhere in New Jersey. Our tax crime lawyers will fight for you in any State and Federal Court in New Jersey.
Failure to collect, withhold State tax, 54:52-14 November 27, 2009
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Failure to collect, withhold State tax
NJSA 54:52-14
A person is guilty of a crime of the third degree if he fails to collect or withhold any State tax with the intent to evade, avoid, or otherwise not make timely payment of any tax, fee, penalty or interest, or any part thereof.
In New Jersey, tax crimes are very serious. If you are under investigation for any tax issue or crime by either New Jersey state official or the IRS Criminal Division, call the team of tough, smart New Jersey criminal defense attorneys. With 10 offices, we are easy to reach from anywhere in New Jersey. Our tax crime lawyers will fight for you in any State and Federal Court in New Jersey.
Engaging in conduct requiring registration licensure without same, 54:52-13 November 27, 2009
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Engaging in conduct requiring registration licensure without same, 54:52-13
A person is guilty of a crime of the fourth degree if he is not licensed or registered with the Division of Taxation, and engages in conduct which requires him to register with or obtain a license from the Division of Taxation, with intent to evade, avoid or otherwise not make timely payment of any tax, fee, penalty or interest, or any part thereof.
In New Jersey, tax crimes are very serious. If you are under investigation for any tax issue or crime by either New Jersey state official or the IRS Criminal Division, call the team of tough, smart New Jersey criminal defense attorneys. With 10 offices, we are easy to reach from anywhere in New Jersey. Our tax crime lawyers will fight for you in any State and Federal Court in New Jersey.
