Nevada Woman Charged with Fraud in South Dakota
Last week a woman from Nevada as well as a man from Maryland were charged with grand theft and forgery stemming from an alleged investment fraud scheme involving a South Dakota Native American tribe. They're accused of misleading investors regarding a tribal charter to run a credit union located on the Yankton Sioux Reservation. They reportedly received nearly $400,000 from investors.
The Nevada crime of forgery makes it unlawful to create or utilize falsified documentation with the intention to defraud. Examples of forgery are using counterfeit checks, fake court orders or a doctored contract. A typical defense to the Nevada crime of forgery is that the defendant didn't have an intent to defraud.
The punishment for committing the Nevada crime of forgery turns on the type of fraud. For the most part, forging documents is a category D felony carrying up to 4 years in prison and maybe a $5,000 fine. And knowingly having or receiving forged documents is a category C felony with 5 years in prison and maybe up to $10,000 in fines.
For more on this story go to: http://nativetimes.com/index.php?option=com_content&view=article&id=4891:2-face-charges-in-alleged-fraud-scheme-in-sd&catid=55&Itemid=31
