Bank fraud crimes can take many forms

As thieves become more sophisticated than ever when it comes to cheating individuals and banking institutions out of money, law enforcement has applied more and more resources and activated complex operations to catch would-be thieves.  This aggressive stance also applies to the court system, where it is not uncommon to see lengthy prison sentences be handed down upon conviction.

Although more and more criminals are attempting to circumvent the system, just because you are charged with a banks fraud charge, does not mean that you are automatically guilty.  However, banks fraud cases can be extremely complicated and require a lot of financial forensic work, so if you are facing any kind of fraud charge, it is important to seek help from an experienced banks fraud attorney.

Banks fraud can take on many forms, including:

  • Embezzlement
  • Stolen checks
  • Counterfeiting
  • Credit card fraud
  • Wire fraud
  • Mortgage fraud
  • ATM thefts
  • Accounting irregularities
  • Forgery

Because the nation’s banking system is highly complex and interconnected, there are many other types of fraud that are attempted on a regular basis as well.  For example, a person may not only attempt to acquire money from a bank illegally, in some instances, they may also pose as a bank in an attempt to prey on unsuspecting customers.

It’s important to note that banks fraud can be considered a state level crime or a federal crime, depending on the circumstances surrounding the accusations.  However, because banks are protected by federal statutes, most times a bank fraud charge will be considered a federal criminal offense.  That means penalties can be particularly harsh with less wiggle room to plea down a charge in an effort to gain a reduced sentence.  However, a defendant may be able to craft a defense strategy that involves helping the bank recover as much of their assets as possible, leaving open the possibility of an agreement that benefits both parties.

Dwane Cates Law Group proudly serves clients in Phoenix, Tempe, Glendale, Scottsdale, Mesa and surrounding Arizona communities.

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