Bank Fraud has been added to the list of crimes that comprise prohibited activities under the Racketeer Influenced and Corrupt Organizations Act
Stock Fraud practices have existed among several Wall Street firms while investment banks were continuing to profit off of investors being cheated from stock fraud. With new laws being put into place, individuals that have suffered monetary losses due to bank fraud can recover some of their money. On August 9, 1989, President Bush signed into law the Financial Institutions Reform Recovery, and Enforcement Act (the "Act"), which made bank fraud both a criminal and civil crime punishable by jail time.
Statute of Limitations
The statute of limitations has been extended from five to 10 years. The Enforcement Act provides a new 10-year statute of limitations for a violation of, or a conspiracy to violate, certain bank related offenses. The Enforcement Act also applies the new statute of limitations to offenses committed before the effective date of the Act, provided the previously applicable five-year statute of limitations has not expired as of such date. For example, if your questionable activity occurred five years, 3 months, and 11 days prior to the effective date of the act, your exposure continues for another five years and one day.
Civil and Criminal Penalties
The Enforcement Act provides civil penalties for violations of banking related offenses. The maximum civil penalty may not exceed $1 million, except in the case of a continuing violation, or a pecuniary gain or loss in excess of the dollar limits. The maximum term of fine and maximum term of imprisonment for a violation of the numerous bank related offenses statues were increased, depending on the specific statute, from $5,000 and $10,000 to $1 million and from two and five years to 20 years.
Bank Finance Fraud Include:
Domestic and international commercial banks
Bank holding companies
Underwriters
Merchant banks
Thrifts
Insurance companies
Institutional investors
Commercial finance companies
Finance subsidiaries of major national and multinational companies
Leasing companies and factors, as well as borrowers, issuers and private equity groups
Transactions Can Include:
Leveraged acquisition,
Private and re-capitalization financings
Tender offer financings
Mezzanine financings
Private placements
Rule 144A offerings
Asset-based lending
Equipment leasing
Workouts and debt restructurings
dDbtor-in-possession and plan confirmation exit financings
ESOP loans
Receivables purchases and other asset securitization transactions
Letter of credit facilities, letter of credit backed and other credit enhanced financings
trade finance
Real estate and project financings
Leveraged lease transactions
Synthetic lease financings
Taxable and tax-exempt bond financings
Cross-border financings
Factoring
Interest rate swaps, caps and collars
Equity kickers, warrants, shadow warrants, stock appreciation rights and contingent interests
Working capital and fixed asset financings
CONTACT A SECURITIES FRAUD ATTORNEY IN YOUR AREA
If you are in need of legal advice or services, or simply wish to speak to an attorney who has successfully handled Securities Fraud Litigation in your state, you may use our Free Online Consultation Form.
There is NO COST or obligation for this service.
LEGAL HELP CENTER – LEGAL FUNDING LAWYER
Lawyer Funding - CALL TOLL FREE 866-757-6949 Get Funding For Your Case Pay Nothing Unless You Win
GET FUNDING FOR LAWSUITS
WE PROVIDE NO RISK FUNDS FOR YOUR LAWSUIT
The Quick Facts:
We are NOT a lender.
If your case is unsuccessful, you pay nothing!
Lawsuit Funding gets you cash now in exchange for a portion of your legal settlement.
Lawsuit Funding advances is based on the merits of the case and repayment is contingent on the case settlement.
We have a relationship with many legal funding underwriters and can save you hours looking for lawsuit funding.
We have a legal funding solution that will meet your needs.
Substantial advances. $100,000 to over $10,000,000 advances available.
NO repayment should you lose your case
NO upfront fees to worry about
NO fees until your case settles
NO credit hassles
NO monthly payments - since this is not a loan
FAST approval, EASY application - and NO COST to apply
Find out more about how we can help fund your lawsuit by calling us today.
CALL TOLL FREE 866-757-6949
We help Lawyers and Plaintiff's appraise their individual cases by getting them in contact with the best underwriters that loan on specific type of cases. A lawyer can get loans on his active case portfolio or receivables when by applying for Lawyer funding or a law firm loan. Please contact us so we can begin the process of litigation financing – 1-818-469-3096.
TYPES OF CASES
GET THE CASH YOU NEED IN DAYS!
Airplane Accidents
Appeals
Appellate Settlements
Asbestos
Assaults
Automobile Accidents
Boating Accidents
Breach of Contract
Benzene
Ceiling Collapse
Civil Rights
Commercial Cases
Commercial Torts
General Negligence
Class Action Cases
Construction Negligence
Dog Bites
Employment Discrimination
Faulty Products
FELA (Railroad); Seaman
Jones Act (Maritime
Legal Malpractice
Mass Tort
Manganese – Welding Rod
Medical Malpractice
Mesothelioma
Motor Vehicle Accidents
Motor Cycle Accidents
Nursing Home Malpractice
Railroad Claims (FELA)
Patent Litigation
Pharmaceutical Litigation
Pedestrian Injury
Personal Injury
Premises Liability (slip and fall)
Primary Pulmonary Hypertension
Police Misconduct
Product Liability
RICO
Settlement and Judgments
Sexual Harassment
Slip and Fall
Structured Settlements
Trucking
Toxic Mold
Wrongful Death
Wrongful Arrest/Imprisonment
Work Site Accidents
Whistleblower Cases
Workmen's Compensation
HOW WE CAN HELP
For Lawyers - Get the cash you need to help win your case.
A law firm loan or lawyer funding allows your firm to accept new cases with excellent potential for successful outcomes and eliminates the need to partner with a larger legal firm on major cases.
If your legal case qualifies we will provide you the best cash advance-lawsuit funding program tailored to suit your needs.
For Plaintiffs – Get the cash you need to ease your financial burden.
As a plaintiff involved in a lengthy lawsuit you may find yourself with financial pressures mounting. If the defendant; due to negligence, breach of contract, or intentional harm has wrongfully injured you, we can help ease the financial burden by proving funds for your family before you receive a settlement.
Litigation can be a long and drawn out process that takes a toll financially and mentally. Plaintiffs may have difficulties paying bills, mortgages, medical expenses, etc… while awaiting the outcome of their cases.
In certain cases, NLF can provide lines of credit, from which a law firm can access capital as the need arises. This is considered a loan, and thus would require a personal guarantee as well as real property or other assets.
Call us today to confidentially discuss your case: 1-818-469-3096
