Bank, mail and wire fraud are some of the most serious types of white collar crime. All three offenses are felonies under federal law. Federal investigators and prosecutors take allegations of bank fraud seriously, particularly in North Carolina, as Charlotte is the second largest banking center in the United States.* A conviction for bank or wire fraud can lead to a significant prison sentence and a permanent felony record.
The banking industry is heavily regulated. Any hint of fraud, falsehood or misrepresentation can result in a federal investigation. Additionally, because most bank transactions are conducted through interstate electronic transmissions or through the U.S. Postal Service, most instances of bank fraud also carry related charges of mail and wire fraud that can lead to enhanced penalties.
What Is Bank Fraud?
Bank fraud is a broad legal term that refers to any attempt to secure bank funds, credits or other property through fraud or misrepresentation. Bank fraud can encompass a wide range of scenarios, including:
- Complex fraudulent schemes involving bankers, brokers, lawyers, straw buyers, Realtors and other industry professionals
- Check and credit card fraud
- Identity theft
- Obtaining loans through fraudulent pretenses
- Mortgage fraud
Even a single instance of providing false information or factual misrepresentations to a banking institution can lead to charges of bank, mail and wire fraud. The consequences for a conviction on a single count can include a decades-long prison sentence. Additionally, any property connected with the offense can be seized by the government through federal asset forfeiture.
Strategies For Success: Experienced Legal Guidance
Most of the building blocks for a bank fraud case are uncovered during the pre-indictment investigation. At this critical stage, professional legal guidance is indispensable for addressing the allegations, mitigating the consequences and potentially warding off charges.
At the law firm of The Law Office of Kevin L. Barnett, we provide knowledgeable representation for clients facing bank, wire and mail fraud charges. Attorney Kevin L. Barnett uses his 30 years of experience to provide diligent legal guidance in navigating even the most complex, multicount cases.
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To learn more, contact our bank and wire fraud defense lawyer in Charlotte at 704-899-5574. We offer language translation services by request.
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*Source: U.S. Department of Justice, U.S. Attorney's Office for the Western District of North Carolina