Bank Fraud Charges

Bank fraud is defined as planning to defraud a financial institution 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.

The statute for bank fraud states bank fraud to be a scheme,

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.

Penalties for bank fraud include a fine not more than $1,000,000 or imprisoned not more than 30 years, or both.

If you or a loved one has been accused of alleged bank fraud, contact bank fraud defense attorney John Teakell for your 100% free consultation by submitting your information here.