Criminal Usury Charges Explained
The term “USURY” is an ancient word that was used in context of unscrupulous practices in lending and financial transactions. Prior to the modern era, the charging of interest was considered “usury” and condemned by religions and religious governments. In many parts of the world, Muslim countries as an example, this practice is still outlawed.
As the United States is a secular, capitalist nation there are no laws prohibiting the charging of interest. There are, however, state statutes governing the amount of interest that can be charged and statutes that regulate the pricing of certain items or services. USURY is considered a WHITE COLLAR CRIME and is usually dealt with through use of financial penalties.
The NEW YORK CITY DEFENSE ATTORNEYS at Bukh Law Firm will be your fierce advocates throughout the criminal process. Our goal is deliver excellent legal advice to help you achieve a reduced sentence, or if possible, dismissal of charges. Call us today at (800) 601-0207.