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California Financial Crimes Lawyer

Choose A Skilled Financial Crimes Lawyer to Assist You In Minimizing The Consequences Of Your Arrest

Are you facing accusations of a financial or white collar crime in California? If so, contact My Rights Law, a reputable criminal defense firm with experience representing the accused in federal and state court on criminal charges, including fraud. Contact our financial crimes lawyer for a free consultation today by calling (888) 702-8882 or getting in touch through our secure web form. We provide a strategic legal defense for your unique financial crimes case.

What Are Financial Crimes?

People charged with financial crimes are not just CEOs, investment bankers, and other high level white collar employees. A financial crime is a crime (an act or omission that violates the law) that involves money or the financial system in some way. Read on to learn more about some of the common financial crimes that are charged in California and how a financial crimes defense lawyer can help protect your rights and defend you if you are charged with one of these crimes.

Penal Code 518 PC Blackmail

Blackmail (included under the crime of extortion in California law) occurs when someone illegally gains money or other property from a victim by threatening to reveal information that is damaging to the victim[1]. It does not matter if the information threatened to be revealed is true or not.

Penal Code 641.3 PC Bribery

In California, bribery occurs when someone offers something of value to an executive officer (the leader of a company or other organization) or a public official (someone in the government with authority) in order to get that executive officer or public official to take (or not take) a specific action[2]. For example, offering a city commissioner $100 to vote against a particular initiative is a bribe. Bribery is similar to blackmail in that the goal is to influence another’s behavior. Bribery, however, offers a reward, where blackmail involves a threat. Also, only certain people can be illegally bribed; anyone can be blackmailed or extorted.

Penal Code 518(a) PC Extortion

In California, extortion includes blackmail (as defined above), as well as situations where someone illegally gains money or other property from a victim by threatening physical harm or improper government action[3]. Government officials can be charged in their official capacity, or regular citizens can be charged. If no threat is made, or the victim did not comply because of the threat, there is no extortion.

Penal Code 503 PC Embezzlement

In California, embezzlement occurs when a person steals (referred to as “fraudulent appropriation” in the law) money or other property that has been entrusted to them[4]. Ponzi schemes are one form of embezzlement, but embezzlement can also occur at a much smaller scale with only a small amount of money[5]. For example, if a cashier who was entrusted to deposit the day’s earnings in a bank account were to keep a small portion of the money for their own personal use, they would be embezzling that money.

Penal Code 530.5 PC Identity Theft

Identity theft in California involves using another person’s “personal identifying information” illegally[6]. Personal identifying information includes a person’s name, address, telephone number, identification numbers of all kinds, driver’s license, bank account numbers, and credit card numbers. Examples of identity theft include using another person’s information to open a credit account, take out a loan, make an insurance claim, or commit a crime. Handing a police officer someone else’s identification and claiming it is your own could also be identity theft[7].

Penal Code 186.10 PC Money Laundering

Money laundering occurs when someone uses legitimate transactions to try to conceal the origin of money obtained through illegal activity[8]. For example, stealing cash then depositing that cash in a legitimate bank account would be considered money laundering. In California, the total amount of the transactions over a 7-day period must be greater than $5,000, or transactions over a 30-day period must exceed $25,000, to be charged with money laundering.

Penal Code 550(1) PC Insurance Fraud

Fraud is the false representation of information for personal gain. One type of insurance fraud in California occurs when a person intentionally destroys property with an intent to defraud the insurer[9]. Other forms of insurance fraud in California include making false statements on an insurance application (such as lying to get coverage that you do not qualify for) and making false statements on a claim form (such as exaggerating the value of an item you are making a claim for, or claiming an item was destroyed when it was not).

Penal Code 532(f) PC Mortgage Fraud

In California, mortgage fraud, sometimes called real estate fraud, occurs when someone, during the process of getting a mortgage loan, intentionally makes inaccurate or misleading statements or omits relevant information[10]. You must receive a mortgage or other benefit as a result of these inaccurate or omitted statements in order to be charged with mortgage fraud.

Corporations Code 25401 Securities Fraud

To commit securities fraud, you must be involved with securities. Securities are tradable financial instruments, such as stocks and bonds. In California, securities fraud occurs when a person or company manipulates a securities market with false or misleading information[11]. Insider trading, the practice of illegally trading based on confidential information not available to the public, is perhaps the most well-known form of securities fraud, but there are other forms as well. These other forms include Ponzi schemes, high-yield investment fraud, foreign currency fraud, late-day trading, advance fee schemes, and “pump and dump” schemes. Securities fraud is an extremely complex area of California law. If you find yourself charged with securities law, you will want to find an experienced attorney, such as those who work at My Rights Law, right away.

Insurance Code 1871.4 Workers’ Compensation Fraud

In California, workers’ compensation fraud occurs when someone, for the purpose of obtaining or denying workers’ compensation benefits, intentionally makes inaccurate or misleading statements or omits relevant information. Helping someone else to commit workers’ compensation fraud is also a form of workers’ compensation fraud[12]. Examples of workers’ compensation fraud include: faking an injury, exaggerating an injury, claiming an injury occurred at work when it did not, and collecting benefits from more than one employer for the same injury.

Penal Code 186.2 PC RICO

RICO stands for the Racketeer Influenced and Corrupt Organizations Act, a United States federal law created to provide additional penalties for crimes committed as part of an ongoing criminal enterprise (that is, RICO was created at the federal level as an additional tool to fight organized crime, such as the Mafia). California has its own anti-racketeering and anti-organized crime law, known as the California Control of Profits of Organized Crime Act, which calls for the forfeiture of assets gained from an ongoing criminal enterprise. Racketeering (also called criminal profiteering) is an extremely serious and complex crime. If you are facing racketeering charges, you will need a highly skilled and knowledgeable attorney in your corner.

Lawyers For Financial Crimes In California

There are a variety of financial crimes you could be charged with in California. Each of these crimes has various elements that must be proven by the prosecution in order to secure a conviction. Financial crimes cases often involve complex technical procedures that must be followed to the letter. Financial crimes may involve expert witnesses and large amounts of arcane evidence.

If you are accused of a financial crime, you do not have to sort through this difficult situation by yourself. Financial crime criminal defense attorneys know the laws and procedures and the best strategies and tactics for defending their clients.

Protect your rights—if you or someone you know has been accused of a financial crime, contact a lawyer immediately. My Rights Law has years of experience defending clients against financial crimes. To learn more, reach out to My Rights Law by calling (888) 702-8882 or contacting us through our secure form.

[1] California Penal Code 518 PC.
[2] California Penal Code 641.3 PC.
[3] California Penal Code 518(a) PC.
[4] California Penal Code 503 PC.
[5] People v. Wooten (1996) 44 Cal.App.4th 1834.
[6] California Penal Code 530.5 PC.
[7] No intent is necessary. People V. Hagedorn (2005) 127 Cal.App.4th 734.
[8] California Penal Code 186.10 PC.
[9] California Penal Code 550(1) PC.
[10] California Penal Code 532f PC. Also known as false pretenses.
[11] CA Corp Code § 25401.
[12] Insurance Code 1871.4.

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Good attorneys are hard to find! Bobby Shamuilian actually represented me with my best interest at heart. He gave it his all and because of that my case is being dismissed today. This firm is most definitely the best one to have if you need a criminal attorney. God forbid I ever need a criminal defense attorney, I would not even consider anyone else to represent me. Absolutely an amazing attorney!!!!! THANK YOU!!!!
Everyone in the office was helpful and professional. There was never a time when I thought they weren’t going to be there when we needed them. Their reputation and professionalism was the primary factor for using this law firm. Boy, were we impressed with all of the work they put into our case. Thank you to everyone in the office for always making us feel like we were your only clients!
Neckole S.
I had a difficult case that I was trying to fight from outside the state it was turned down twice. Once by the DA, and the second time by the judge, they continued to fight for me, and got the results I was looking for. They really do care about their clients and will not stop fighting till they get you the results you want.
Adrian A.
I found myself facing a DUI and scared to death. From the very start of the initial consultation, Attorney Bobby Shamuilian put me at ease. They handled my DMV Hearing and the court proceeding and truly fought for me. They were always attentive to my phone calls and emails, keeping me informed. They were able to get me a reduced charged so that I do not have a DUI on my record. I am so thankful to have retained them for my case.
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I want to thank Bobby and the entire staff. They recalled my warrant and got my case dismissed in no time. They answered my concerns and took me step by step in the process. I didn’t even have to appear in court. They represented me and took care of my case all the way. Thank you!!!
Suriel A.
Bobby Shamuilian was Hands Down the BEST attorney I have ever dealt with. He is an experienced and knowledgeable attorney, who is HONEST and not in it to try and rip you off for the money. His staff is professional and extremely pleasant. I have saved his number in my contacts and will call him if I am EVER in need of an attorney, I would also recommend him to anybody I know, he is an AMAZING attorney.
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An excellent and professional consultation followed by a successful win of my case.
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I couldn’t be happier with the service we received. From the very beginning I could tell that these lawyers knew a lot about DUI cases and throughout our court days they went above and beyond to make sure we were prepared for whatever might come our way. They definitely prepare you for the worst but get you the best. They covered every single base and we got an amazing outcome. I would recommend them any day.
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