R. Todd Bennett, P.C. Board Certified, Criminal Law. Texas Board of Legal Specialization.
Bar Register Preeminent Lawyers
Board Ceritified by Texas Board of Legal Specialization in Criminal Law
The Best Lawyers In America
AV Preeminent Rating by Martindale-Hubbell For Ethical Standards and Legal Ability
Rated by Super Lawyers R. Todd Bennett, selected in 2005. Thomson Reuters.
Banner Attr

Five from Houston arrested for international fraud schemes

On Behalf of | Oct 18, 2021 | Fraud |

It is not uncommon for individuals to work together to make money. While this could be a simple business idea; others good be more complex plans. While many of these revenue causing ideas are done by the book, others may give rise to questionable actions. As such, investigations could ensue and result in criminal allegations related to fraud or theft.

International fraud conspiracy

Based on recent reports, five residents in the Houston area were arrested for multiple international schemes for the conspiracy to commit fraud. These five were among the two-dozen arrested for the conspiracy to steal around $17 million. Authorities stated that 23 individuals were arrested and charged for the conspiracy to commit wire fraud and the conspiracy to commit money laundering.

It is alleged that these individuals used various fraudulent schemes to obtain money from their victims. These schemes included online romance scams, investor fraud, unemployment insurance fraud and business email compromises. It is further purported that the accused coordinated how to extract the money from their victims but also used means to disguise, disburse and launder the money once it was successfully obtained.

Allegations and defense

The individuals charged in this matter are accused of defrauding at least 100 individuals, companies and government entities across the world, extracting roughly $17 million from them. They are accused of using various bank accounts co-conspirators and businesses located in Africa and Asia to launder the money they collected from the elderly individuals the often targeted.

Those charged could face up to 20 years in prison if they are convicted. As such, it imperative that they consider their defense options. Considering the evidence used against them could help with a defense strategy. This in turn could help reduce the charges or clear his or her name.

Facing criminal allegations is a challenging and overwhelming situation to be in. It may feel as though one does not have any choice but to face the charges against them; however, it is very possible to initiate an aggressive criminal defense. This not only helps ensure one’s rights are protected but could also assist with reducing and even dismissing the charges altogether.



FindLaw Network