Bank Fraud

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Bank Fraud

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Bank fraud is a criminal offense where an individual deliberately and knowingly carries out a scheme to defraud a financial institution. It is essentially the use of fraudulent means to obtain money, assets, or other property that is owned or in the control of a bank or other financial institution. Bank fraud is a serious federal offense with potentially life-altering consequences. If you are convicted of bank fraud, you may not only feel consequences in the form of fines and prison time, but your personal relationships and professional future may suffer permanent harm. Because of the serious nature of defrauding a bank, defendants will face tenacious federal and state prosecution and harsh public scrutiny that will seek to prove guilt both inside and outside of the courtroom.

Bank fraud may be committed in a number of ways including the following:

Mail fraud - attempting to gain access to funds via fraudulent representation by mail
Wire fraud - defrauding a financial institution via wire, radio, or telephone communication
Making false statements on loan applications or other documents - misrepresentation in order
to gain access to funds illegally
Falsifying documents - further misrepresentation through important documents meant to gain a
bank's trust and access funds
Forging checks - using fake checks or illegally using another person's checks to gain funds from a
financial institution
Loan fraud - using misrepresentation and other illegal means to receive a loan a person would
not normally be able to receive
Counterfeiting bank documents - can include a wide variety of items, all meant to gain access in
some form to the finances of a bank

Unlike many other forms of fraud, bank fraud is defined as illegal under U.S. federal legislation, meaning that these crimes will be investigated by federal agencies and prosecuted under federal criminal law rather than state law.