The Arizona Attorney General, along with other entities, is working hard to reduce the amount of bank fraud that is occurring within the state. This is due to the fact that bank fraud is on the rise as individuals try to obtain money or property from banks by providing fraudulent information.
Bank fraud is defined as the act of defrauding a bank in order to obtain money or property. This is done by lying on a loan application through the misrepresentation of information or the omission of information. Consumers, loan officers, and other bank employees can commit acts of bank fraud.
If you have been accused of bank fraud, you need a highly experienced and dedicated Mesa bank fraud lawyer by your side so you can defend your rights and your future. A strategic defense will be developed for you so that you can minimize the penalties as much as possible.
Bank Fraud Offenses
When charged with bank fraud, the charges are both state and federal. When charged at the state level, fraud is usually the charge. This is simply stating that some kind of benefit was received due to stating false information or omitting details. On the federal level, the laws are broader and this means that multiple charges could be faced. The other charges in addition to bank fraud could be mail or wire fraud or conspiracy.
In order for you to be convicted, the prosecutor is the one with the burden of proof. This means that it must be proven that there was intent behind the crime. Most loan applicants will place their signature on a loan application without reading what it has to say. There are even individuals who believe their assets to be worth more than the government does. Mistakes can be made.
Consequences Of Bank fraud
The exact consequences of bank fraud depend on the details surrounding the case. As stated before, other charges can be added at the federal level and this can result in decades in prison and thousands of dollars in fines. Not only are there legal consequences, but there are collateral consequences in the way of having difficulty finding a job, finding a place to live, getting a loan, and doing anything that requires a background check.
It is obvious that the penalties can be very strict, as they include restitution, fines, jail or prison time, and/or probation. Minimizing the costs and the jail time is why you need a Mesa bank fraud Attorney working by your side every step of the way.
Contact A Mesa Bank Fraud Attorney
Bank fraud is a very serious crime and one that has very serious consequences. The reason is because it involves defrauding the bank system for property or money. For instance, misrepresenting income on a loan application and providing false income documents. If you have been accused of bank fraud, you need to work with a federal defense attorney who knows the law and how to defend you against an aggressive prosecution. To learn more about how Myles A. Schneider & Associates, LTD can help you, call 602-926-7373 for a free consultation.