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Understanding Federal Fraud Charges

Posted by Ann Fitz | May 08, 2023 | 0 Comments

Being charged with federal fraud is an intimidating experience. It's important to have an understanding of the various types of fraud that can be committed at a federal level, the purpose of these laws, and how they are enforced. In this blog post, we'll explore the different types of federal fraud charges so you can better understand your case or situation.

Types of Federal Fraud

There are many types of federal fraud charges that can be brought against individuals. These include wire fraud, bank fraud, mail fraud, tax fraud, securities fraud, health care fraud and mortgage/real estate fraud. Each type has its own set of laws and regulations that must be followed in order for the accused to be convicted. Let's take a look at each type in more detail.

Wire Fraud: This type of federal law deals with communication over phone lines or through electronic devices such as computers or the internet. Wire fraud includes any kind of fraudulent activity conducted using some form of communication technology. Examples include cyberstalking, money laundering and computer hacking.

Bank Fraud: Bank fraud involves activities such as making false representations to obtain money or property from a financial institution or attempting to steal funds from a bank account by using stolen identifying information or creating false accounts in another person's name. Bank fraud is considered a serious crime because it threatens the security and stability of the banking system as a whole.

Tax Fraud: Tax fraud occurs when someone attempts to evade taxes by providing false information on their tax returns or failing to report income earned from illegal activities such as drug trafficking and gambling operations. The Internal Revenue Service (IRS) takes tax evasion very seriously and aggressively pursues those who are suspected of committing tax-related crimes such as filing false returns or underreporting income on their tax returns.

Securities Fraud: Securities fraud occurs when someone provides false information about publicly traded companies in order to manipulate stock prices for their own gain or deceives investors into investing in securities that do not exist or do not provide any value for investors. Securities laws were created to protect investors from being taken advantage of by unscrupulous people who may try to use insider information or misleading statements to manipulate stock prices in their favor.

The above examples demonstrate just a few different types of federal crimes related to financial misconduct and deception – there are many more out there! Understanding which crime you are accused of is one step towards building a strong defense against your charges; however, it is important to remember that every case is unique and requires specialized knowledge in order to ensure the best possible outcome for defendants facing these serious allegations. If you have been charged with any type of federal crime related to financial misconduct, it is imperative that you contact an experienced criminal defense attorney right away so they can begin assembling your defense strategy immediately. With proper legal representation throughout your trial process, you may be able to fight against conviction and secure an optimal outcome for yourself!

About the Author

Ann Fitz

Attorney Ann Fitz Attorney Ann Fitz has 20 years of experience as a federal criminal attorney and appellate practice attorney.  She began her career as a prosecutor in 2003 and started her own federal criminal defense practice in 2007.  She is devoted to protecting the rights of the accused in f...


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