Practice Areas
Bank Fraud Defense
Bank fraud targets schemes to defraud financial institutions or to obtain their funds by false pretenses. Because it protects federally insured institutions, the statute carries heavy penalties and a long limitations period.
What bank fraud covers
The statute reaches schemes to defraud a financial institution and schemes to obtain money or property held by such an institution through false or fraudulent representations. Loan applications, deposit account activity, and check-related conduct are common settings.
- Loan and mortgage application misrepresentations
- Check kiting and account schemes
- Use of false documents to obtain funds
- Conspiracy to commit bank fraud
Elements and defenses
The government must prove a scheme to defraud a financial institution and the intent behind it. Defenses often focus on the absence of intent, the materiality of any misstatement, authorization, and whether the institution was actually the target of the alleged scheme.
Severity and exposure
Bank fraud carries some of the highest statutory maximums among fraud offenses and a ten-year limitations period. It is frequently paired with wire fraud and money laundering, increasing exposure and making early defense important.
Prior results and recognitions do not guarantee a similar outcome. Every case is different and must be evaluated on its own facts.
Answers
Frequently asked questions
General information about bank fraud. It is not legal advice. Every case turns on its own facts.
Why are bank fraud penalties so high?
Is a mistake on a loan application bank fraud?
What is the statute of limitations for bank fraud?
Facing a federal investigation or serious charges?
Speak directly with George G. Mgdesyan about your situation. Consultations are confidential, and the sooner you call, the more can often be done.