Crypto Defense Lawyer South Florida
Florida Defense Attorneys For Cryptocurrency Criminal Charges
As Bitcoin, meme coins, and other digital currencies become more mainstream, the potential for misuse of cryptocurrencies also increases. The development of this technology is outpacing the changes in state and federal laws, leaving many people like you vulnerable to law enforcement overreach and criminal charges stemming from misapplied laws. Our South Florida crypto defense lawyer can help protect your rights after being charged with a digital currency-related crime.
The attorneys at Stechschulte Nell have been carefully watching how the laws have changed and how prosecutors and judges apply existing laws to perceived crypto crimes. As this area of law develops, the potential for innocent people to be swept up increases; it’s easy to misunderstand what could constitute fraud. Our attorneys stay appraised of developments in statutes and case law to develop a robust defense tailored to your unique situation. Please call us today for a consultation.
Common Florida Crypto Fraud Charges
Monitoring digital currency exchanges is challenging for the government, as the technology is intentionally designed to be unregulated and bypasses traditional financial institutions. Law enforcement agencies are catching up, though, and have determined that there are several crypto-related actions that could be considered prosecutable forms of fraud.
Our South Florida crypto defense lawyer can defend you if you are charged with:
- Tax Fraud: Virtual currencies may be used to conceal income from the IRS and other revenue collection agencies. In fact, in 2022, the IRS announced that using crypto to hide income and assets to avoid tax liability will be a key focus of its criminal investigations.
- Fraudulent Creation and Sales: Meme-type crypto coins see a rapid rise and fall in value; few hold their value after the initial rush. Because there is no state or federal oversight of the development of new digital currencies, it’s fairly easy for a fraudster with little technological know-how to create a forged cryptocurrency and sell or trade it to unwitting investors. Even possessing or selling falsified digital currency with no value could be considered fraud.
- Money Laundering: Cryptocurrency’s nearly untraceable and anonymous nature has made it an attractive option for those who need to disguise income earned through illicit methods. Some individuals and organizations may transfer their profits from illegal activities to crypto so their earnings appear legitimate.
- Online Scams: Investment scams and romance scams are popular online scams involving cryptocurrency. If one person induces another to purchase digital currency and send it to them based on false pretenses, it’s considered a form of fraud. The law takes a harsh view of crimes in which the victim is especially vulnerable (elderly or cognitively infirm).
- Investment Fraud: Charges of this nature are similar to securities fraud, including asking others to invest in crypto or mishandling crypto investment funds.
- Evading Regulations: Using crypto instead of traditional currency may be intentional to avoid compliance with federal regulations, such as campaign donation limits
There is a considerable amount of gray area when it comes to whether an action involving cryptocurrency is a crime or not. Our South Florida crypto defense attorney can help you if you’re charged with fraud, mishandling of digital currency, or illegal use of virtual currency.
Charged With A Crypto-Related Fraud Crime?
Whether you are facing state or federal cryptocurrency crime charges, the attorneys at Stechschulte Nell can help protect you. We immediately begin work constructing a strong case in your defense and protect your rights at every step, from police investigations to trial. Please contact us today for a consultation with our South Florida crypto defense lawyer.
