According to Reuters, Princess Cristina de Borbon, sister of King Felipe in Spain may prove to be guilty of tax fraud. After an investigation into her husband’s business dealings, the court has upheld tax fraud charges against the Princess. Her husband is accused of embezzelment and abusing his connections and fame to gain public contracts. This is only the latest in a series public scandals that have damaged the monarchy’s reputation recently. Even though the legal system has dropped money-laundering accusations against the princess, it seems everyone in Madrid has something to say about the issue. Now, de Borbon may have to appear in court in order to respond to the charges and possibly extend the embarrassment of Spain’s royal family.
What is Fraud?
Fraud is wrongful or criminal deception intended to result in financial or personal gain. Legally, this deceit can be in word or in conduct or simply concealing something that should have been disclosed, in order to gain an advantage, usually financially
Facing Federal Fraud Charges?
If you are facing fraud charges in federal court, you will definitely want to know what the possible sentence might be. Judges in the federal system are obliged to study and take into consideration the guidelines of federal sentencing. Some things that are taken into account to establish a fraud conviction are:
Loss amount – the amount of money lost is of utmost importance. If that amount exceeds a million dollars, the sentence will likely be greater than three years, almost every time. Loss is very important.
Characteristics – uniqueness about the crime itself. If there were multiple victims, and if you abused a rank of trust as a way of making the fraud work, that information may increase the sentence that the sentencing guidelines require under the fraud guidelines.
What happens next?
Fraud charges affect a lot of people: the other people who work for the company, family members, victims, stocks and investments tied to the entity and people involved. There are far reaching effects of fraud charges, whether or not there is even a conviction.
Are you facing a fraud charge? A skilled Oklahoma City fraud lawyer from the Law Office of Robert R. Robles will advise you on the many ways to successfully fight an Oklahoma federal or state fraud charge. Contact us in Oklahoma City, Oklahoma, for more information and your free initial consultation.