Accused of Creating or Facilitating a Pyramid Scheme in Arizona

Accused of Creating or Facilitating a Pyramid Scheme in Arizona

An illegal Pyramid scheme promises investors large profits based on participants earning money from bringing others into the program, rather than from the sale of goods or services.

Pyramid Scheme in Arizona

Under Arizona law a Pyramid promotional scheme is “any plan or operation by which a participant gives consideration for the opportunity to receive compensation which is derived primarily from any person’s introduction of other persons into participation in the plan or operation rather than from the sale of goods, services or intangible property by the participant or other persons introduced into the plan or operation.” Ariz. Rev. Stat. §44-1731. Pyramid scheme investors earn returns from the recruitment of new participants.

Exclusion of Specific Defenses

Arizona’s criminal statute on Pyramid schemes excludes certain defenses. It is not a defense to violating Arizona Pyramid scheme law to show that the number of persons who may participate is limited. It is not a defense to demonstrate the “presence of additional conditions” that affect eligibility for the opportunity to receive compensation under the scheme. Further, it is not a defense that a participant in the plan “on giving consideration, obtains any goods, services or intangible property in addition to the right to receive compensation.” Ariz. Rev. Stat. §44-1735(B).

Accused of Creating or Facilitating a Pyramid Scheme in Arizona

Ever since the Bernie Madoff case, government agents are even more tenacious in their pursuit of punishing people accused of creating of facilitating a Pyramid scheme. Punishments that may result from conviction include decades in prison, massive fines, loss of professional licenses, damage to your reputation, and a lengthy parole after release from prison.

If you have been charged with involvement in a Pyramid scheme, you need the help of an experienced white collar crime defense attorney. Ashley D. Adams is a former fraud prosecutor with the U.S. Attorney’s Office. She has insider experiences to use in your defense. Contact Ashley D. Adams, PLC today (480) 219-1366 to schedule a free consultation to discuss your case.

Minimize Your Risk of Conviction

Whether your case involves billion of dollars or a much smaller amount, we have the resources and experience to protect your rights and minimize your risk of conviction.

Our law firm has extensive experience with white collar criminal defense at the federal, state, and local level. We have the resources to perform an independent analysis of your situation, we have the experts needed to reveal weaknesses in the case against you, and we will vigorously protect your constitutional rights. Pyramid schemes involve complex legal challenges, voluminous evidence, and bureaucratic mazes that can be overwhelming unless you have experience with them. We do. We can be your guide and your advocate against aggressive prosecution from Arizona investigators, the DOJ, FBI, IRS, SEC, or any other government agency.

Contact us for protection against these opponents. We will defend your rights and your freedom.

 

The attorneys at Ashley D. Adams, PLC handle state criminal cases throughout Arizona including the cities of Phoenix, Scottsdale, Glendale, Mesa, Tempe, Ahwatukee, Maricopa, Gilbert, Peoria, Surprise, Goodyear, Litchfield Park, Avondale, Chandler, Casa Grande, Florence, Queen Creek, Deer Valley, North Pinal and Sun City as well as those living in and around Maricopa County, Pinal County, Pima County, Yuma County and Yavapai County.

The attorneys at Ashley D. Adams, PLC handle federal criminal cases throughout the United States, including Arizona, Oklahoma, Utah, and California.