BANK FRAUD

Experienced Bank Fraud Lawyers in Raleigh, North Carolina

Bank fraud is a serious white collar financial crime that can impact people from all walks of life. Whether through intentional acts or unintentional mistakes, individuals accused of bank fraud often find themselves facing significant legal consequences.

The Federal Bureau of Investigation and some of its partner agencies, including the Securities and Exchange Commission, the Internal Revenue Service, the U.S. Postal Inspection Service, and the U.S. Treasury Department’s Financial Crimes Enforcement Unit, have substantial resources dedicated to investigating and prosecuting bank fraud cases.

Our lawyers understand the high stakes involved in bank fraud cases and the devastating impact these allegations can have on your personal and professional life. If you are under investigation or have been charged with bank fraud, it is crucial to act swiftly and secure experienced legal representation. Our Raleigh-based and lead federal criminal defense attorney has a proven track record of successfully handling complex federal cases, providing strategic guidance and an aggressive defense tailored to each client’s unique circumstances.

If you need an experienced bank fraud lawyer in Raleigh and surrounding areas, contact us right away. 

What is bank fraud?
Title 18, United States Code, Section 1334 is the federal bank fraud statute. Someone can be convicted of bank fraud if he or she “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[.]”
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 can be found guilty of bank fraud.

What are some examples of bank fraud?

Bank fraud refers to any illegal activity that involves the use of banking services, institutions, or processes for fraudulent purposes. Common types of bank fraud are:
Check fraud: This occurs when an individual or business issues a check with insufficient funds or falsifies a check. It also includes the use of fake checks, forged signatures, or altered checks.
Credit card fraud: This occurs when someone uses a stolen or fake credit card to make purchases or withdraw cash. It may also involve skimming, where the fraudster obtains credit card information from a legitimate transaction.
Identity theft: This occurs when a fraudster uses someone else’s personal information, such as social security numbers or bank account numbers, to open new accounts or take out loans.
ATM skimming: This occurs when a fraudster installs a device on an ATM to collect card information and PINs.
Phishing scams: This occurs when a fraudster uses email or other electronic communication to trick individuals into providing personal information, such as bank account numbers or passwords.
Wire transfer fraud: This occurs when a fraudster convinces someone to wire money to a fake or unauthorized account.
Money laundering: This occurs when illegal funds are disguised as legitimate funds and moved through bank accounts to hide their origins.
Mortgage fraud: This occurs when a fraudster provides false information on a mortgage application to obtain a loan.
Investment fraud: This occurs when a fraudster provides false information to convince an individual to invest in a fake or illegitimate investment opportunity.