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What Should You Do If Your Workplace Is a Breeding Ground for Financial Crime?

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The people who can honestly say that they are working at their dream job are the exception to the rule. Most people have the jobs they have because they need the money. Dealing with unpleasant customers, coworkers, and bosses is annoying, but it is better than having to depend on family members or try to make ends meet on unemployment benefits. 

What do you do when fraud, money laundering, and other financial crimes are widespread at your workplace? An employment lawyer will tell you all about the rights of whistleblowers and about how reporting misconduct at your workplace is a legally protected activity. From the perspective of a criminal defense lawyer, however, you have bigger things to worry about, such as protecting yourself from criminal prosecution and criminal penalties. If your workplace is the target of a financial crimes investigation, contact a Texas white-collar crime lawyer.

The Case of Reagor Dykes Auto Group

In October 2021, a jury found Bart Reagor, the owner of Reagor Dykes Auto Group, guilty of making false statements to an FDIC-insured bank. The company obtained a $5,000,000 loan in 2017 and another loan for an equal amount in 2018. Reagor misrepresented the company’s financial situation in applying for these loans, saying that it was experiencing sustained growth and that the loans were the last bit of income the company needed before it could become publicly traded. 

In the course of the investigation into Reagor Dykes Auto Group, 15 other people employed at the company pleaded guilty to financial crimes. Most of their charges were conspiracy to commit wire fraud and conspiracy to commit bank fraud. The Department of Justice website did not indicate the sentences that the employees received.

With the help of a criminal defense lawyer, you can avoid harsh criminal penalties even if you knowingly participated in financial misconduct at your workplace. In workplace financial crimes, it is often the case that no one is 100% innocent. Still, you have the right not to get an unfairly harsh sentence disproportionate to your role in the unethical goings on at your place of employment.

Contact the Law Office of Patrick J. McLain, PLLC, About Financial Crime Cases

A Dallas criminal defense attorney can help you if you are facing charges for a financial crime at your workplace involving multiple employees. Contact the Law Office of Patrick J. McLain, PLLC, in Dallas, Texas, to discuss your case.

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