White collar crime allegations can be devastating to more than just your freedom. Not only can someone end up with expensive fines and a prison sentence, consequences can radiate into all areas of your life. Allegations can damage your reputation in an industry, permanently affecting your career. Some criminal cases can drag on for years, even after being dismissed in court.
A prominent Colorado developer is currently facing this dilemma after having charges against him dismissed and then overturned twice over the course of six years. Ray Marshall is accused of stealing $1 million from a deal regarding the U.S. Olympic Committee headquarters location in Colorado Springs. He is facing 41 counts of racketeering and theft.
Why has the preliminary hearing taken so long?
Allegations against Marshall state that he siphoned $1 million in city funds and grants from a multi-million-dollar deal by the city to keep the U.S. Olympic Committee local. The developer has a past of criminal allegations, including fraud charges which he was acquitted of in 2009.
Ray Marshall was originally charged with racketeering and theft in 2012, but has fought a long battle against the charges. His case was dismissed by former District Judge Barney Iuppa in 2012 and 2015. The decision was overturned by the Colorado Court of Appeals both times.
Ray Marshall’s last hope to avoid a hearing was turned down by the Colorado Supreme Court who declined to hear his case. Now he inevitably must face a criminal hearing in El Paso County District Court on October 19, 2018. Ultimately, Marshall could face up to $750,000 in fines and 12 years in prison for theft, plus up to 24 years in prison and $1 million in fines for racketeering.
What does this mean for people facing white collar crime allegations?
Not only are fines and jail time serious potential consequences of white collar crimes charges, but the cases are complex. Financial crime allegations often involve many people or areas of a business. It is important to keep detailed records, including emails, dates, people involved and any other important details. Seek help from an attorney who has experience handling white collar crime cases for a strong defense.
