Billionaire Charged with Fourteen White Collar Offenses

A former billionaire is scheduled to appear in court this month almost three years after he was first arrested for several white collar crimes. Although his lawyers tried to stall the proceedings, a judge rejected the last-minute request and has demanded that the trial proceed on schedule. The defendant, A.S., has already gone before the judge once to plead not guilty to the charges against him. He has been charged with 14 counts of conspiracy to launder money, fraud, and obstruction of a federal investigation. Prosecutors believe that he conducted a Ponzi scheme that defrauded his victims of $7 billion.

This is the second time that the former billionaire has entered a plea of not guilty. The original case against him included 21 felony counts, but the prosecution decreased the number of counts back in May. His defense attorneys asked for more time to work on their case but the motion was denied by a federal judge last week so the trial is set to begin at the end of this month. Even though white collar offenses are non-violent in nature, convictions for crimes such as fraud or conspiracy can result in more than just fines. For this reason, if you have been charged with a white collar crime in Texas, contact the Zendeh Del Law Firm now to get help from an experienced Plano criminal defense lawyer who will stand by your side throughout your case.