Bank / Financial Institute Fraud

Bank and financial institution fraud is a serious crime that carries harsh punishments. Because it is classified as a federal offense, the legal consequences can escalate quickly and may lead to criminal prosecution.

When people face financial hardship, the idea of using fraudulent methods to get money can seem appealing. However, deliberately tricking or stealing from a bank is considered federal bank fraud. Federal investigators work hard to collect evidence and build a strong case against the accused. This case is then given to a determined federal prosecutor who will push for the most severe penalties allowed by law. If you are charged with bank fraud, your immediate next step should be to hire a skilled Wellsburg bank fraud lawyer from the reputable Logue Law Group.

What Constitutes Federal Bank Fraud?

In Wellsburg, federal law makes it illegal to knowingly execute, or even attempt to execute, any plan designed to defraud a bank or other financial institution.

This broad definition covers a wide range of fraudulent activities, such as:

• Securities fraud
• Hedge fund fraud
• Fraudulent loan applications
• Credit card fraud
• Check fraud
• Mortgage fraud

It’s important to understand that the individuals most often charged with these crimes are professionals like accountants, Wellsburg DUI attorneys, financial advisors, and mortgage bankers—essentially, anyone in a position of trust who has the opportunity to defraud a bank. Even employees of a bank or credit union can be charged with federal embezzlement if they are caught misappropriating funds they oversee. Dealing with these complex legal situations requires an experienced Wellsburg criminal lawyer.

Mortgage-Related Fraud

Since 2007, the real estate market has been significantly impacted by mortgage fraud, which specifically targets banks and erodes their trust. This type of deceit includes a variety of scams, such as predatory lending practices and foreclosure rescue schemes, all of which are under intense scrutiny by federal authorities.

Charges and Penalties

If you are facing charges for bank or financial institution fraud, the potential outcomes are severe. Under federal law, the penalties for these crimes can include up to 30 years in prison and/or fines as high as $1,000,000 for each charge. It’s crucial to know that prosecutors will not hesitate to file multiple charges against an individual, sometimes for each fraudulent transaction. For example, if you were found to have stolen debit cards and used them for purchases, you could face separate charges for each card stolen and for each item purchased with those cards. A knowledgeable Wellsburg DUI attorney can help you understand the full scope of the charges you face.

How an Attorney Can Assist You

When you’re charged with fraud, having a skilled Wellsburg bank fraud lawyer on your side is incredibly valuable. At Logue Law Group, our leading Wellsburg criminal lawyers are dedicated to achieving excellent outcomes and empowering you to make well-informed decisions throughout your case. Leveraging their vast experience from representing countless clients, our Wellsburg DUI attorney act as a critical resource. They work to uncover hidden details, challenge the evidence presented by the prosecution, and build a strong defense strategy specifically designed for your situation.

During a detailed consultation, our lawyers will thoroughly review the specifics of your case and outline the defense options available to you. Their expert advice and guidance will help you navigate the complex legal system with confidence and select the best path forward.

Partner with our respected Wellsburg criminal lawyer team at Logue Law Group for peace of mind. With their unwavering dedication and proven history of success, they will stand by you every step of the way. You can be confident that choosing to trust us with your case is a decision you will not regret.

Contact us online or call 844.PITT.DUI today to schedule a free initial consultation with an experienced Wellsburg bank fraud lawyer.