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What triggers criminal (jail time) charges from DOL/ERISA?

April 26, 2017Charges criminal DOL ERISA jail time triggers

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What triggers criminal (jail time) charges from DOL/ERISA?

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Essentially, if you lie, cheat, or steal…especially for your own gain…you’re talking criminal. Example: You make an over-priced deal with a UR firm which your wife owns. You did not shop around at all, and mis-led the client into thinking it was an arm’s length deal. A regular goof would probably be prosecuted as only a civil (fines) offense. ERISA is one of the rare laws that lets prosecution for the same offense proceed as civil and/or criminal and revert back & forth as the issue evolves.