Criminal Attorney Helps With Fraud in Insolvency (N.J.S.A. 2C:21-13) Charges
In proceedings that require receivership, taking actions to conceal or misrepresent property for the purposes of defeating a creditor’s claim or otherwise obstructing the lawful disposition of property is a crime under New Jersey’s Fraud in Insolvency (N.J.S.A. 2C:21-13) statute.
As with most fraud and theft crimes, the penalties will be based on the value of the property that has been improperly handled.
When the value is $1,000 or less, you will be charged with a fourth degree crime, and face up to 18 months in prison.
When the value is between $1,000 and $75,000, the charge is third degree, and you can go to prison for up to five years.
When the value is more than $75,000, you’ll be charged at the second degree level, with a maximum sentence of ten years if convicted.
Matthew Reisig has successfully represented clients in New Jersey for more than 17 years and has broad experience with cases involving allegations of fraud or theft.
If you or a family member need help with fraud in insolvency charges, call 732-625-9661 today for a free consultation with an experienced New Jersey criminal defense attorney.