What are the penalties for investment fraud?

Investment fraud is a serious crime in the state of Washington. It is illegal to make false statements or knowingly misrepresent facts in order to influence a person’s decision to invest. Penalties for investment fraud include fines, imprisonment, restitution, and forfeiture. Fines. If a person is convicted of investment fraud, they may face fines of up to $250,000 or up to double the monetary value of their fraudulent gain, whichever is greater. Imprisonment. A person convicted of investment fraud may face up to 20 years in prison. If the fraud causes a financial loss of $1 million or more, the person may face up to 25 years of imprisonment. Restitution. In some cases, a person convicted of investment fraud may be ordered to pay restitution to the victims of their fraud. This may include repaying any lost funds or other costs incurred as a result of their fraudulent activities. Forfeiture. If a person is convicted of investment fraud in Washington, they may be required to forfeit any profits they made as a result of their fraudulent activities. Investment fraud is a serious crime, and it is important to remember that it carries serious consequences. If a person is convicted of investment fraud, they may face a combination of fines, imprisonment, restitution, and forfeiture. It is important to be aware of these penalties in order to avoid committing such a crime.

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