Top Millbrook, AL Bank Fraud Lawyers Near You

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

250 Commerce St, Suite 203, Montgomery, AL 36104

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

445 Dexter Avenue, Suite 2040, Montgomery, AL 36104

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

RSA Plaza Building, 770 Washington Ave, Suite 150, Montgomery, AL 36104

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

445 Dexter Avenue, Suite 8040, Montgomery, AL 36104

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

255 Dexter Ave., PO Drawer 5130, Montgomery, AL 36103-5130

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

444 South Perry Street, PO Box 347, Montgomery, AL 36101-0347

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

218 Commerce Street, Montgomery, AL 36104

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

445 Dexter Avenue, Suite 9075, Montgomery, AL 36104

Bank Fraud Lawyers | Montgomery Office | Serving Millbrook, AL

105 Tallapoosa St., Suite 200, PO Box 78, Montgomery, AL 36101-0078

Millbrook Bank Fraud Information

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Lead Counsel Verified Attorneys In Millbrook

Lead Counsel independently verifies Bank Fraud attorneys in Millbrook and checks their standing with Alabama bar associations.

Our Verification Process and Criteria
  • Ample Experience Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
  • Good Standing Be in good standing with their bar associations and maintain a clean disciplinary record.
  • Annual Review Submit to an annual review to retain their Lead Counsel Verified status.
  • Client Commitment Pledge to follow the highest quality client service and ethical standards.

Find a Bank Fraud Attorney near Millbrook

The Average Total Federal Prison Sentence for Bank Fraud in Alabama

25.42 months*

* based on 2019 Individual Offenders - Federal Court sentencing in Alabama federal courts. See Sentencing Data Information for complete details.

What Is Bank Fraud?

Bank fraud is usually a crime in which the offender knowingly commits, or attempts to commit, a scheme involving theft from either a financial institution or money or property which said financial institution is in the lawful custody of (such as a bank client’s savings account).

What Are Some Different Types of Bank Fraud?

There are several different types of bank fraud. Accounting fraud takes place when a business or sole proprietorship attempts to secure a loan from a bank, credit union or other financial institution. While this may be a perfectly legitimate loan on the surface, accounting fraud takes place when the financial representative of the business knowingly lies or misrepresents their ledger to the bank’s loan officer essentially promoting their business as more solvent, profitable or otherwise qualified to take out a loan which they would not have secured had they been honest about their finances. Accounting fraud can also be a form of loan fraud.

Loan fraud takes place either when an individual or business misrepresents their ledger to gain an advantage in a borrowing negotiation, but it can also occur if a criminal, using tactics related to identity theft, presents themselves as another person in order to garner an illegitimate loan.

ATM fraud can occur if a thief uses a skimmer, or another form of technology or technological expertise, to hack or reprogram the machine itself. Once the software or firmware security measures protecting that particular ATM machine are cracked, the criminals help themselves to the cash deposited. ATM fraud can also take place if an individual places an empty envelope (or envelopes) into the machine, claiming an illegitimate deposit. The envelopes being empty, the offender then removes as much money from the false deposit as allowable.

Is Bank Fraud a Felony or a Misdemeanor?

Bank fraud is considered to be a felony at the federal level, and at the state level, whether an incident of alleged bank fraud is categorized as either a felony charge or a misdemeanor charge depends upon the jurisdiction and circumstances.

Most instances of bank fraud become felony offenses, but misdemeanor charges can result. For example, in some states, the crime of forgery falls under the umbrella of bank fraud and can be constituted as a Class A misdemeanor in certain circumstances. Provided that the forged instrument is not a bond, deed, will, debit or credit card, mortgage, contract, release, stock, currency or government-issued, the crime could be considered a Class A misdemeanor.

What Is the Punishment for Bank Fraud?

The maximum penalty in response to a charge of bank fraud at the federal level is 30 years imprisonment, as well as a fine of up to $1 million.

State statutes vary in how they treat crimes related to bank fraud, and each case can be different. To use forgery, for instance, the penalty for the third-degree felony is a fine of no more than $10,000 in addition to a prison sentence of between two to 10 years. A misdemeanor can result in a maximum sentence of one year in jail as well as potential fines of up to $4,000.

That being said, almost all bank fraud cases are prosecuted at the federal level due to the fact that most financial institutions are protected by the Federal Deposit Insurance Corporation (FDIC).

How to Choose a Bank Fraud Lawyer

Charges related to bank fraud are generally considered to be serious allegations with severe punishments upon conviction. If you are facing such charges, it would be wise to secure the services of a skilled criminal defense lawyer specializing in white-collar crime cases.

An experienced attorney focusing on fraud cases will be familiar with pre-existing precedent, and attorney-client privilege will allow you to divulge all material evidence and opinions to your legal representative in private.

Do your due diligence by investigating all potential attorneys you’re considering as representation, digging deep into their credentials, courtroom track record and any appearances in media. Speak to your local legal association, legal aid department, and other avenues of relevance in order to build the best profile possible before making your decision.

Have You Been Charged With Embezzling or Defrauding a Bank?

Embezzlement relates to the deceitful disclosure of assets for illegal conversion of funds. Frequently, embezzlement involves employee theft from a financial institution. Bank fraud is fraudulent activity through a banking institution for the purpose of profiting by the deceit. An example is a bank manager who issues a false letter of credit so that he or she can induce others to lend money or extend credit.

Bank Fraud and Embezzle Legal Help

Bank fraud and embezzlement are federal crimes and can result in harsh prison terms. Talk to an attorney to learn how you can protect your legal rights and prepare your defense to the charges.

How an Attorney Can Help

An attorney can often resolve your particular legal issue faster and better than trying to do it alone. A lawyer can help you navigate the legal system, while avoiding costly mistakes or procedural errors. You should seek out an attorney whose practice focuses on the area of law most relevant to your issue.

Tips on Approaching an Initial Attorney Consultation

  • Use the consultation as a means of gaining a better understanding of your legal situation.
  • Ask the attorney how many cases similar to yours he/she has handled. An attorney’s experience and knowledge can speak to their expertise (or lack of) in addressing your situation.
  • Your attorney should be able to articulate roughly how long a case like yours will take to resolve and what sort of procedures to expect.
  • Determine how comfortable you are working with the lawyer and/or law firm.

Tips on Hiring an Experienced Lawyer with Bank Fraud Cases

The more experienced a lawyer is in legal practice, the more likely he/she will be able to bring about a successful resolution to your issue. Since experience matters, lawyers who’ve been practicing law for many years (with a successful track record) tend to be in high demand. You should look for information about a lawyer’s experience and ask questions during the initial meeting. It’s a very good idea to ask the lawyer how many years he/she has been practicing law and the expected outcome of your case.

Common legal terms explained

Affidavit – A sworn written statement made under oath. An affidavit is meant to be a supporting document to the court assisting in the verification of certain facts. An affidavit may or may not require notarization.

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