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BANK FRAUD

North Carolina Bank Fraud Lawyers

Title 18, United States Code, Section 1334 is the federal bank fraud statute. It states, “[w]hoever knowingly executes, or attempts to execute, a scheme or artifice—(1) to defraud a financial institution; or (2) to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises; shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.”

In other words, if an individual or corporation fraudulently obtains (or attempts to obtain) from any financial institution money or anything else of monetary value, that person or company may be found guilty of bank fraud. As the statute makes clear, the penalties are substantial — a fine of up to $1 million, or worse, up to 30 years in federal prison.

And, as in any federal criminal prosecution, aiding and abetting and/or conspiracy liability can result in equally crippling consequences.

Bank fraud is a serious white collar financial crime that can be committed by everyday people. The Federal Bureau of Investigation (FBI) and its partner agencies, including the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS), the U.S. Postal Inspection Service, and the U.S. Treasury Department’s Financial Crimes Enforcement Unit (FinCEN) have seemingly unlimited resources to investigate and prosecute both simple and sophisticated bank fraud schemes.

We have extensive experience defending people who have been charged with bank fraud and other white collar financial crimes in federal district court. Our lawyers excel in trial and appellate advocacy, and one of them is a former investment banker who holds an MBA. We work collaboratively and tirelessly on each and every federal criminal case to mount the best defense possible, whatever the circumstances may be.

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