creative financing

[Justin Schwartz]

What do I know, I'm a just a  federal lawyer that deals with criminal fraud 
all the time. You can believe W, a sociology prof, if you like, and explain 
to the U.S. Attorney how impossible it is to show the mens rea (the 
necessary mental state). His conviction rate (of those indicted) is about 
99.9%, maybe 95% of the cases that go to trial. And he prosecutes a lot of 
fraud cases. As I said, it's a really bad idea to commit federal crimes. 
There is, as I said, no parole in the federal system, and the baseline 5 
years for each fraud charge (mail and wire, I don't know about credit and 
bankruptcy) is enhanced for increased amounts of money involved. Moreover, 
you be be prosecuted for, and convictedof, mail and wire and credit and 
bankruptcy fraud all together for the same acts. They are seperate crimes, 
and if you followed he "creative accounting" advice, youw ould have 
committed all of them, probably others too.

--jks


>
>At 09:39 PM 4/18/01 +0000, Justin wrote:
> >Credit fraud is a crime, as is mail fraud and wire fraud. I'd advise 
>aaginst
> >committing it. You can go to jail. --jks
>
>
>Perhaps.  But it requires to prove that one had no intention of paying
>one's debt, an almost impossible task unless one wants to confess.
>
>wojtek
>
>

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