Federal Bank Fraud Attorneys
Bank fraud is an umbrella term that covers a wide variety of criminal charges, but in general, this relates to activities that involve stealing from some sort of financial institution. As you could imagine, many of the charges involved are considered to be very serious, especially since they’re almost always prosecuted at the federal level. Along with wanting to find a firm that has experience in bank fraud and related cases, you’ll also want to choose defense attorneys that have experience and skill in defending federal cases. That’s where Norman Spencer Law Group comes in.
At Norman Spencer, you can expect 1:1 service that’s tailor-made to your specific needs and situation. When you also factor in other factors such as the deterrence that often comes with harsh prosecution of white-collar crimes, it pays to have a firm in your corner that understands the complexities of the law, a group of lawyers that can secure the best outcome for you.
What Types of Federal Bank Fraud Cases Do You Take?
There are a variety of charges when it comes to bank fraud, so we’ll take some of the most notable ones out there and break them down for you.
Bribery is a charge that’s fairly well understood by the public, but it’s still important to take note of the details. Under Title 18 U.S.C. Section 215, bribery can involve giving a reward to an individual or institution in order to have an influence on future transactions, but this charge isn’t only limited to the gift itself. Even offering a bribe or promising one counts under this statute. Prosecution on this charge tends to be especially harsh, especially when used as a deterrent for others.
Embezzlement is nearly identical to misapplication. The only real distinction here is that while misapplication is done by an outsider, embezzlement is done by an insider, so someone who works within that bank or financial institution.
Making False Statements
This is another so-called “insider offense,” in that it only applies to those who are employees of the affected bank or financial institution. This charge has to do with individuals making false entries in order to commit some sort of crime. While this might sound relatively minor, it’s anything but. Penalties for this charge can include fines of up to $1 million or even 30 years in prison.
Making False Statements to Obtain a Loan
This charge is quite similar to the previously listed charge, especially in terms of punishment. However, this is typically done by an outsider and specifically done while trying to secure a loan, either for an individual or for another organization.
In a very broad sense, the misapplication is when an individual willfully converts the funds from a bank or financial institution to benefit either themselves or a third party. One thing that’s important to note is the word “willfully” here. As with many other charges, there must be clear intent and will to commit this sort of fraud, and that must be proven in court.
Federal Bank Fraud
This is more of an umbrella term that relates to a variety of crimes, all of which can be charged in a single case. Some of the individual charges that can apply here would be things like stolen credit cards, credit card schemes, ATM fraud, fake checks, check kiting, and more. What all of these charges have in common, and the reason for them being lumped together is that they all involve defrauding a bank or financial institution in some way, or even forming some sort of scheme to do the same.
What to Expect in a Federal Bank Fraud Case
As you can see from just some of the charges that encompass bank fraud, penalties can be relatively harsh, both in fines and prison time. Part of this has to do with how white-collar crime is prosecuted, with individuals commonly given harsh penalties as a deterrent for others who might do the same thing. Another factor to consider is that you can be charged for multiple crimes in the same case, and the penalties for each charge can quickly compound, especially in the absence of competent counsel that could otherwise fight for reduced charges.
Trust Norman Spencer for Bank Fraud Cases
It’s easy to fall into the trap of thinking that any law firm can help when you’re facing legal trouble, specifically when it has to do with criminal bank fraud. The problem, though, is that not all law firms are equal, and there’s a big difference between a competent defense attorney and a competent defense attorney that has the backing of a firm with years of experience representing clients and fighting cases big and small, simple and complex. An attorney who does not make empty promises to get business and does what needs to be done to get the best result for the client. That’s something that immediately sets the Norman Spencer Law Group apart from the competition.
At Norman Spencer, our team of experienced and skilled defense attorneys will give you the sort of 1:1 service that clients have come to expect from the firm over the years. We provide a variety of legal services, and our accessibility options include remote consultations that we can host via Zoom, Skype, and Google Duo. And, if needed, we can even travel to you, wherever you might be in the country. We believe in a full-service solution, and that’s why we provide the resources necessary to give you and your case the best chance of success possible.
Whether you’re an individual facing a relatively minor charge under the umbrella of bank fraud or are facing a number of complex criminal charges and legal challenges, we will leverage our years of experience and fight to get you the best results possible. Get in touch and tell us a little bit about the specific situation you’re facing, and someone from our team will get back to you as soon as possible.