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Fort Lauderdale Mail, Wire & Bank Fraud Lawyer

Fraud is defined as “deliberately deceiving someone else with the intent of causing damage.” Usually, this damage is financial. A “great deal” on a piece of property or consumer product (such as a car) is often used to entice the victim, after which money is transferred to the frauder, who then does not follow up on delivering the non existent item. Often, there is no person to person contact. Fraud can be carried out in various ways, mail, wire, and bank fraud being among some of the most predominant forms. In the case of bank fraud, the federal criminal defrauds a financial institute. All three of these types of fraud are serious offenses and can receive serious punishments of large fines and/or lengthy jail time. If you have been accused of mail, wire, or bank fraud, don’t hesitate to contact an experienced Fort Lauderdale mail, wire & bank fraud lawyer, as your future livelihood and freedom are both likely at stake.

Mail Fraud

Mail fraud, punishable under 18 U.S. Code § 1341, is the use of any U.S. mail to commit a crime that meets the following:

  • A scheme or successful attempt to defraud using misstatements and/or omissions that would or did end in the financial loss of another; and
  • The use of the U.S. mail to carry out the fraud, according to the United States Department of Justice.

Mail fraud is punishable by up to five years in prison and/or up to a $250,000 fine for individuals, or up to a 30 year prison sentence and not more than $1,000,000 when an institution is found guilty.

Wire Fraud

Wire fraud is similar to mail fraud in that the goal of the fraudster is the same, though the means to which they carry out their scheme differs. Instead of using the U.S. mail system, they use a telephone or other electronic source (the internet). There must be evidence that the defendant had a scheme to carry out a fraudulent act and that they were using a wire source to do so. Wire fraud is punishable by up to 20 years in prison and a serious fine. If the fraud affected a financial institution, the punishment is greater. A defendant may face up to 30 years in prison and a fine not greater than $1,000,000.

Bank Fraud

Bank fraud is an attempt or execution of defrauding a financial institution, or accessing money, funds, or other types of property that are owned or controlled by a financial institute by use of fraud or false promises and representations. The punishments for bank fraud include up to a $1,000,000 fine and 30 years in prison. If you have been charged with any type of fraud, it is imperative that you seek out immediate help from an experienced Fort Lauderdale bank fraud defense lawyer. Contact Fort Lauderdale fraud lawyer Deric Zacca, P.A. today at 954-450-4848 for a consultation.

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