Nearly all of my clients face federal white-collar criminal charges. Many of them seem to believe that federal criminal charges are more serious than state criminal charges, or that the penalties will be steeper.
A recent case from Texas shows that’s definitely not the case.
The Texas Case
According to a Law360 article, a Texas state court judge sentenced Susan Gay Pruitt to 22 years in prison. Her crime? Selling investments in fake oil and gas projects.
You may be thinking that she defrauded investors of millions and millions of dollars to deserve such penalty. But that’s not the case. In fact, according to the article, she defrauded investors of only $225,000.
You may be thinking that she challenged the government at every step and made them take her to trial in a lengthy proceeding. That’s not true either. She pleaded guilty.