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What are the most common legal defenses to bank fraud charges?

The most common legal defenses used against federal bank fraud or embezzlement charges involve questioning whether the defendant knowingly made false statements with the intent to mislead the victim (s) of the crime and that the victim (s) also relied on this false information to incur a financial loss.

What should I do if suspected of bank fraud or embezzlement?

If you are suspected of bank fraud or embezzlement from a financial institution, contact an attorney today for representation to legally represent you in court, protect your rights as a citizen, and guide you in the best course of legal action moving forward.

When do you need a bank fraud attorney?

When it comes to issues of bank fraud and embezzlement, you will need an experienced bank fraud attorney.

What is the punishment for bank fraud in the US?

Under federal law, the punishment for bank fraud falls under maximum sentencing guidelines. If you are convicted of bank fraud in federal court, you could face up to 30 years imprisonment, a fine of up to $1 million or both. Bank fraud is a federal crime and is prosecuted as such.

What Is Bank Fraud?

Bank fraud is usually a crime in which the offender knowingly commits, or attempts to commit, a scheme involving theft from either a financial inst...

What Are Some Different Types of Bank Fraud?

There are several different types of bank fraud. Accounting fraud takes place when a business or sole proprietorship attempts to secure a loan from...

Is Bank Fraud a Felony or a Misdemeanor?

Bank fraud is considered to be a felony at the federal level, and at the state level, whether an incident of alleged bank fraud is categorized as e...

What Is the Punishment for Bank Fraud?

The maximum penalty in response to a charge of bank fraud at the federal level is 30 years imprisonment, as well as a fine of up to $1 million. Sta...

How to Choose a Bank Fraud Lawyer

Charges related to bank fraud are generally considered to be serious allegations with severe punishments upon conviction. If you are facing such ch...

Have You Been Charged With Embezzling or Defrauding a Bank?

Embezzlement relates to the deceitful disclosure of assets for illegal conversion of funds. Frequently, embezzlement involves employee theft from a...

Bank Fraud and Embezzle Legal Help

Bank fraud and embezzlement are federal crimes and can result in harsh prison terms. Talk to an attorney to learn how you can protect your legal ri...

Contact a Reputable Chicago Bank Fraud Lawyer Today

If you are under investigation for any sort or white collar crime, including banking fraud, securities fraud, mortgage and lending fraud, or fraud involving real estate, Nishay K. Sanan can help you defend against the government’s charges and maintain your reputation within the banking industry.

About Nishay K. Sanan, Esq

Criminal defense attorney Nishay K. Sanan has been practicing state and federal criminal law for over 20 years. With a background in accounting with an emphasis on tax, he focuses on white collar and financial offenses, representing clients throughout the United States in federal criminal investigations and at trial.

Accused? Contact Me, a Chicago White Collar Crimes Defense Attorney

At my Chicago law firm, I have successfully defended many people charged with white collar crimes such as identity theft, embezzlement, and counterfeiting, among others. Bank fraud is one of the more serious white collar crimes, and it carries severe penalties under state and federal law.

Do I Need a Bank Fraud Attorney?

Don’t take chances if you’ve been charged with bank fraud. If you need a bank fraud defense lawyer in Chicago, please contact me, Mitch Furman. My firm, the Law Offices of Mitch Furman, will work to protect your rights in light of these serious allegations by assembling a solid defense strategy.

What is banking and finance lawyer?

Banking & Finance lawyers help with compliance matters and provide regulatory solutions to help keep your business running smoothly.

Is it a good idea to research your lawyer before hiring?

It is always a good idea to research your lawyer prior to hiring. Every state has a disciplinary organization that monitors attorneys, their licenses, and consumer complaints. By researching lawyer discipline you can:

How long can you be in jail for bank fraud?

If you are convicted of bank fraud in federal court, you could face up to 30 years imprisonment, a fine of up to $1 million or both. Bank fraud is a federal crime and is prosecuted as such. Other, similar crimes, such as check fraud, for example, may instead be tried in state courts and carry their own penalties.

What is bank fraud?

Bank fraud takes place when an offender knowingly defrauds or tries to defraud a financial institution, or schemes to get money, credit, an asset or other property that is owned by a financial institution under fraudulent pretenses. For example, you can be charged with bank fraud if you intentionally or unintentionally defraud a financial ...

What are the most common types of bank fraud?

The most common types of bank fraud are forgery, fraudulent loans, bank impersonation and accounting fraud . Forgery typically involves the alteration of a check, either in terms of a signature or the value of the check itself. Depositing stolen checks can also be considered to be bank fraud in some contexts.

What is embezzlement in court?

Embezzlement is different from bank fraud from the perspective of the federal court system. Usually, if an offender is stealing or misappropriating funds from a financial institution or a federal organization, they will be charged at the federal level. If you target a private business or entity, you would face charges at the state level.

What are the defenses against embezzlement?

The most common legal defenses used against federal bank fraud or embezzlement charges involve questioning whether the defendant knowingly made false statements with the intent to mislead the victim (s) of the crime and that the victim (s) also relied on this false information to incur a financial loss.

How long does it take to get a bank fraud charge?

The statute of limitations, meaning the period of time which prosecutors have to file charges against a defendant, concerning federal bank fraud is 10 years. The statute of limitations for several similar offenses, including wire fraud, mail fraud, embezzlement and falsification of bank records is also 10 years.

What to do if you are facing fraud charges?

If you are facing federal bank fraud charges, it is advised that you seek the services of an experienced criminal defense attorney.