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RECEIVING DEPOSITS IN A FAILING FINANCIAL INSTITUTION

Receiving deposits in a failing financial institution can be a serious charge, requiring the services of an esteemed Denver criminal lawyer.

Depending upon the circumstances of the case, a person can be charged with receiving deposits in a failing financial institution if the individual as an officer, manager, or other person participating in the direction of a financial institution, receives or permits the receipt of a deposit or investment, with knowledge that the institution is insolvent. A financial institution is insolvent when it is unable to pay its obligations in the ordinary or usual course of business or if its liabilities exceed its assets.

Receiving deposits in a failing financial institution is a class 6 felony.

If you or someone you know is being charged with receiving deposits in a failing financial institution, it is important that you talk to a Denver defense attorney immediately. Contact a trial tested, result oriented Denver defense lawyer at Newell & Decker today to discuss the case.