July 23, 2021
White Collar and Fraud Crime Attorney: Receiving Deposits in Failing Financial Institution
Receiving deposits in a failing financial institution is a serious criminal allegation, and a skilled, knowledgeable Denver criminal defense lawyer is required to defend one so accused.
In certain circumstances, one may be charged with receiving deposits in a failing financial institution if he or she, as a person participating in the direction of a financial institution, allows a deposit or investment to be received while knowing that the institution is insolvent. “Insolvent” means that the financial institution is unable to pay its obligations or if its liabilities exceed its assets.
Receiving deposits in a failing financial institution constitutes a class 6 felony.
When charged with receiving deposits in a failing financial institution, a skilled Denver criminal defense attorney is essential. Contact our Denver criminal defense lawyer today to discuss your options.