We will mount a strong defense if you are accused of bank fraud.

BANK FRAUD

Title 18 of the U.S. Code in Section 1344 states that fraud charges will be lodged against “Whoever knowingly executes, or attempts to execute, a scheme or artifice – (1) to defraud a financial institution; or (2) to obtain any of the monies, 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.”

 

Before someone is charged with fraud there are typically long-term investigations, questions asked of friends, family and co-workers and in some cases, a grand jury will be called to affirm the charges. Solomon Richman P.C. is here to help any individual or company facing investigation for bank fraud. Some of the charges that are prosecuted under bank fraud statues include:

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• Making false statements – anyone who makes a loan application and provides false information to a bank in order to get a loan approved could be facing bank fraud charges

• Check forgery – charges of bank fraud can stem from using checks other than your own to obtain funds

• Loan fraud – helping others obtain access to loan funds they would otherwise not be eligible for

• False documentation – using any type of documents for the purposes of obtaining funds fraudulently from a financial institution

 

Any person who is facing bank fraud charges is facing federal charges and may face additional state charges. The investigations of these charges are often long-term and prosecutors who are confident in their cases may level these charges against a defendant. Anyone who is facing charges of bank fraud is looking at long-term jail charges, steep penalties in the form of fines and restitution, and a ruined reputation, even if the defendant is found not guilty in the end.

 

Any person or institution who believes they are being investigated for bank fraud charges should contact a white collar criminal defense attorney as soon as possible.

 

At Solomon Richman P.C. we have the experience you need when you are under investigation or you have been charged. In order to mount a successful defense, you need the assistance of an attorney who not only understands New York laws, but also federal statutes as they are applied to bank fraud charges. It is important to understand that the nature of bank fraud charges can be very complicated. Those who are facing charges need a strong advocate who will work with throughout the course of an investigation and through any court proceedings. At Solomon Richman P.C. we have the knowledge and understanding of the laws that can result in bank fraud charges.

 

The penalties if convicted for bank fraud are especially onerous, especially given how aggressively these charges are pursued. Those who are found guilty could potentially face fines of up to $1,000,000 plus as many as 30 years in a federal prison. Do not take any chances with your freedom or your reputation. If you believe you are the subject of a bank fraud investigation, contact Solomon Richman P.C. at (516) 437-6443 if you believe you are being investigated for a white collar crime. We’ll be happy to work with you to preserve your good name and your license to do business.