Man accused of wire fraud pleads guilty

On behalf of The Marks Law Firm, L.L.C. posted in Fraud on Thursday, November 3, 2011

White collar crime has received more than its fair share of media attention recently, perhaps another sign of the bad economic times. Nevertheless, an allegation of criminal conduct on the federal level is a serious matter. The accused person may have to serve a term of incarceration, they may face heavy financial penalties and may have a period of supervision after release from prison. Add to that the very real prospect of publicity, and an individual facing charges is indeed facing an uphill battle.

An 80-year-old Clayton, Missouri real estate developer pleaded guilty on Oct. 27 in federal court to seven counts of wire fraud. He admitted to …