Bank fraud covers a wide variety of crimes, including some relatively minor offenses but mostly very serious charges. Federal bank fraud is a white collar crime that involves taking money from a banking institution under false pretenses. Embezzlement, for example, is a specific charge that is generally considered a form of bank fraud. Charges of this nature are inherently complex and the investigations can literally take years depending on the circumstances. One reason these cases can drag on for years before a person is even charged by the feds is because of the amount of red tape and paperwork associated with regulations and transactions of these sorts.
The sentences associated with these crimes vary and are tied directly to the amount of money that is involved. Further, it is generally true that as the amount of money increases, the level of complexity and punishment increases as well.
18 U.S. Code § 1344 – Bank fraud reads:
Whoever 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;
shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.
Tim Bower Rodriguez, PA has experience dealing with the various forms of bank fraud and has the intellectual discipline to digest the thousands of pages of evidence that may be involved in your case. He also will employ financial experts who have experience working within banks and working for the IRS and other federal agencies relevant to this type of case. The United States Attorney’s Office will often find other allegations to add to these charges, including tax fraud, wire fraud or money laundering. That tactic makes the case ever more complex, and could potentially overwhelm the wrong attorney who does not specialize in federal defense. When your freedom and livelihood are at stake, it is absolutely critical to have the right criminal attorney fighting for you. Tim Bower Rodriguez is willing and able to be that attorney for you or your company.