With regard to financial fraud, there are a plethora of charges people face, all of which can lead to harsh penalties. You may be aware of the consequences associated with bank fraud and Ponzi schemes, but it is important to keep in mind the potential setbacks that may come with different white collar offenses, such as writing bad checks. At Joseph S. Friedberg Chartered, our firm is well aware of the repercussions people face when they are accused of financial fraud in Minneapolis, and other parts of Minnesota.
The Office of the Revisor of Statutes sheds light on some of the penalties you may face if you are accused of writing a bad check. For example, you could have to pay a service charge right away, but you may also face a $100 civil penalty or be required to pay the check's value (depending on which is larger). Moreover, you could be on the hook for legal costs as well.
When it comes to bad checks, each case is unique and there are a myriad of considerations you may have to take into account if you are going through this firsthand. For example, you may have written a check and told someone that funds would not be available until a certain date, but they tried to cash it beforehand and are accusing you of fraud. Or, perhaps you have been falsely accused of writing a bad check altogether.
Handling financial fraud charges can be complicated and every case requires an individual approach. On our financial fraud page, you can access more information related to bad checks and other offenses.