Bank Fraud Lawyer in Media, Pennsylvania
Providing Superior Criminal Defense Representation Throughout Southeastern Pennsylvania
Federal and state prosecutors devote considerable resources into investigations and prosecutions involving bank fraud. Bank fraud is a general term that covers various illegal acts that use deception to obtain funds or other assets from any financial institution or its depositors. Under federal law, bank fraud is defined in a broad way that can include a range of activities.
If you are under investigation or have been formally charged with any type of activity falling under the umbrella of bank fraud, it is highly advised that you seek immediate legal representation. At The Law Offices of Arthur Thomas Donato Jr. located in Media, Pennsylvania and serving clients in the southeastern part of the state, you can work with a deeply-experienced and reputable attorney.
Arthur Thomas Donato has the in-depth knowledge, resources, and skills needed to be effective in protecting your rights, defending you against charges, and safeguarding your freedom and future. Our firm has an outstanding history of success involving countless state and federal white collar crime felony allegations and charges.
Bank Fraud Investigations & Charges
Under federal law 18 U.S. Code § 1344, bank fraud consists of “knowingly” executing or attempting to execute “a scheme or artifice” to:
- Defraud a financial institution
- Or 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
A financial institution can include FDIC (Federal Deposit Insurance Corporation) insured banks and credit unions, Federal Reserve Banks, mortgage lenders, and other institutions that retain the deposits and assets of the public.
Under this law, a conviction is punishable by:
- Up to 30 years in prison
- A fine of up to a million dollars
- Or both
At the federal level, these crimes are commonly investigated by the U.S. Secret Service Agency, who is responsible for safeguarding the security of U.S. financial institutions.
What Are Examples of Federal Bank Fraud Charges?
Bank fraud can include any fraudulent activity designed to obtain the financial resources held by these financial institutions.
These activities can include:
- Check fraud
- Identity theft
- Loan fraud
- Stolen checks
- Bank impersonation
- Direct deposit fraud
- Automatic payment systems fraud
- Obtaining false appraisals
- And mortgage fraud
What Are Examples of Pennsylvania Bank Fraud Charges?
In Pennsylvania, bank fraud is covered under state law Title 18 Chapter 41 which includes:
- Bad checks
- Access device fraud
- Defrauding secured creditors
- Receiving deposits in a failing financial institution
- Misapplication of entrusted property and property of government or financial institutions
- And identity theft
How you are charged and the penalties you face will depend on the type of offense for which you were convicted and your previous criminal history, if any.
How Our Proactive Approach Can Benefit You
At The Law Offices of Arthur Thomas Donato Jr., we begin building your defense as soon as you suspect a criminal investigation is underway. Our diligent representation tactics draw on your firsthand knowledge of the facts.
We also employ the strategic use of experts, including forensic accountants, to refute charges in pursuit of the most favorable outcome possible. We are committed to protecting your rights.
Our comprehensive defense service begins with fighting to keep charges from being filed in the first place and continue, if necessary, through plea negotiations and trial.