Charitable organizations play an essential role in local communities by providing donations to the public. They are exempt from federal income taxes under the Internal Revenue Code section 501(c)(3). Unfortunately, the potential for fraud can occur in connection with charities. If you have fraud charges for a charity scheme, it helps you understand the charges and fight your conviction.
The Usage of Improper Methods
A wire fraud attorney in Chicago can help you develop a strategic approach when responding to the charges. What are the penalties for mail and wire fraud in Illinois? It depends on the method used to obtain the donations improperly. Charges are brought about depending on the amount of money stolen, whether false statements were made on tax returns or if the money was laundered.
Various Charges
It is illegal to create a charity under the pretenses of obtaining money for personal use. What are the penalties for mail and wire fraud in Illinois? This answer becomes complicated when carrying out these acts online. Defendants are usually charged with mail fraud, Internet crimes, embezzlement, wire fraud, theft and tax fraud. Your wire fraud attorney in Chicago can break down your charges and the prison sentences.
Pay Back the Money
If you become a defendant in a charity scam, then you may find your bank accounts frozen. You may have to give up physical items purchased with the funds. Defendants who receive a guilty verdict for this crime usually have to pay restitution.
If you took money from a fake charity scheme and bought luxury items, you should start liquidating these items. You will need to pay back the people who donated to your charity. Contact Law Offices of Vadim A. Glozman for legal advice today!
