Understanding the intricacies of wire fraud

On Behalf of | Jun 20, 2023 | Fraud

Accusing someone in California of wire fraud means alleging that they have committed fraud by using one or more forms of communication transmitted via radio, television, internet, fax or any other form of wire. Wire fraud is a serious charge that can carry substantial penalties.

Elements required for wire fraud

The prosecution is responsible for proving guilt before someone can be convicted of wire fraud. While there could be some variation, depending on the federal circuit court handling the issue, the basic components of wire fraud are a scheme to commit fraud, intent to commit fraud and the use of wire, television, radio or similar form of communication to commit a crime.

Investigating wire fraud

Wire fraud is a federal crime. This means that it gets investigated by the FBI (Federal Bureau of Investigation). Wire fraud could include using wire, television or radio to send out information to gain money or property or threaten to harm others. The punishment for wire fraud is up to 20 years in prison and can result in fines of up to $250,000.

Examples of wire fraud

Most cases of wire fraud involve defrauding businesses like banks or insurance companies. However, some people use wire fraud to try to get people’s personal financial information. Many wire fraud schemes involve fraudulently using a person’s bank account or credit card. Some common examples of wire fraud include internet scams, telemarketing and phishing scams.

Many people have received emails where the perpetrator says that they are someone who has fallen victim to a terrible circumstance impeding his ability to access a foreign bank account. They requested the person’s banking information to deposit money in their account. If the victim responds, the perpetrator will use the account information to access their account.

Wire fraud is a serious offense. If a person gets convicted of wire fraud, they could face long-term penalties and fines. Building a case to defend against wire fraud can be difficult but not impossible.

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Gary Jay Kaufman
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