Bank Fraud (18 U.S.C. 1344)

Like other forms of white collar fraud, the objective of bank fraud is to accomplish a desired result by deception, trickery, concealment, and/or dishonesty. With bank fraud, however, the intent or scheme must be to defraud a financial institution federally insured by the United States Government. The AUSA must prove beyond a reasonable doubt:

1. The the defendant knowingly executed, or attempted to execute, a scheme or plan by means of false or fraudulent pretenses, representations, or promises;
2. that the defendant acted with the specific intent to defraud;
3. that the false pretenses, representations or promises that the defendant made were material;
4. that the financial institution was insured by the FDIC or an equivalent agency.

Consult a Los Angeles Bank Fraud Defense Attorney

At Diamond & Associates, we are here to help. A Los Angeles criminal defense attorney at our firm can meet with you to discuss your bank fraud charges and can make an evaluation of what legal action we can take to protect your rights. Bank fraud is one of the most serious types of criminal charges that you can face, as penalties may include up to 30 years in prison and fines of up to $1 million. When your liberty and future are at stake, you need an aggressive criminal defense lawyer at your side.

Facing bank fraud charges? Contact a Los Angeles bank fraud lawyer at Diamond & Associates today!