Elderly Ponzi Scheme Runners Face 80 Years in Prison Two elderly San Fernando Valley residents have been convicted for running a Ponzi scheme for 13 years, which netted them $100 million, and now potentially 80 years in prison. Joel Barry Gillis, 74, and Edward Wishner, 76, face up to 80 years in prison each for the Ponzi scheme charges. Both men pleaded guilty in federal court to two counts of mail fraud, one count of wire fraud, and conspiracy charges related to their long-running and very successful Ponzi scheme. Investors in the … [Read more...]
I Trusted my Attorney and Got Arrested
August 12, 2011 by
Defenses to Federal crimes While some criminal issues are handled in federal court, the majority of cases are dealt with in state and county courts. While there are similarities between states, the definition of a federal crime and the punishment for federal crimes differ. It is extremely important to consult with a federal criminal defense lawyer who is very familiar with the court in which your matter will be heard to protect your rights. There are several common defenses to Federal Crimes including reliance upon the advice of … [Read more...]
