If a person has been accused of a nonviolent federal crime such as fraud, then it may be possible for that person to be released from police custody pending the trial. However, the general stipulation for remaining free during that time period is that the defendant must not leave the state and not commit any crimes.
When defending against federal white collar crime charges, an important aspect of the case is the loss calculation. The potential sentences defendants face often depend on this loss calculation, which considers the amount of financial harm caused by financial or economic crimes.
A federal grand jury has found a 35-year-old Pennsylvania man guilty of bank fraud and identity theft. The man was accused of being at the center of an identity theft conspiracy that may have stolen as much as $1 million.
Over the last few years, federal law enforcement authorities have been focused on financial crimes, including identity theft and credit card fraud. These crimes often involve more than one defendant, and defendants often face additional charges of conspiracy.
Ever since the financial crisis began, federal investigators and prosecutors have been taking a hard line against people accused of financial fraud. The punishment for these types of crimes can involve lengthy prison sentences and huge fines. The recent prosecutions arising out of the failure of Dwelling House Savings and Loan Association illustrate this phenomenon.