White Collar Fraud Case Dismissed in Burnet County
January 24, 2013
Dismissal Pending Upon Payment of Restitution
A two-count indictment, alleging misapplication of fiduciary property of the value of $20,000 or more but less than $100,000, was dismissed yesterday in Burnet County, according to a statement from Robert M. Phillips, the attorney for the defendant.
“Obviously, my client is very pleased,” said Phillips, “although it was certainly a triable case. Discretion being the better part of valor, we agreed to a ‘dismissal upon payment of restitution’ arrangement, whereby the indictment was dismissed upon payment of an agreed amount”
Had the case gone to trial, and the defendant been convicted, he was facing a potential penitentiary exposure of twenty years on the two third-degree felony counts. Robert M. Phillips & Associates has been actively involved in the defense of white collar crime, both state and federal, since 1987, and some of its celebrated cases include the defense of an Iraqi defense contractor, which was Time magazine’s “number seven crime story of the year” in 2007.