Bank fraud is a federal crime in many countries, defined as planning to obtain property or money from any federally insured financial institution.

Whoever knowingly executes, or attempts to execute, a scheme or artifice
1. to defraud a financial institution; or
2. to obtain any of the moneys, 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; shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.

Frequently Asked Questions

• What Is Bank Fraud?
  Bank fraud is the use of fraudulent means to obtain money, assets, or other property owned or held by a financial institution. In many instances, bank fraud is a criminal offense and can be met … more