It is a federal crime to commit fraud using wire, television, radio, or mail. Conviction for wire fraud can carry penalties of Federal fraud by wire laws apply to instances when a person uses a money-wiring system to deceive other people such as asking people to send money by wire for a non-existent product or service.
If you are being investigated or if you are charged with the federal fraud by wire statute it is in your best interest to immediately consult an attorney well versed in this area of law.
With the technologies in use today, from fax machines to smart phones, the fraud by wire statute casts a broad net. The statute essentially makes it illegal to commit fraud using electronic devices, including the telephone.
A person charged with fraud by wire can face severe penalties including five years imprisonment and a $250,000 fine if the fraud charges do not involve federal securities or banks. However, if the fraud was targeted at victims like banking institutions, federal law allows even greater penalties.
Fraud by wire is a serious offense so it is important to search for an experienced attorney with a good understanding of the laws regarding wire fraud. If convicted, or if you decide to make a plea bargain, you are facing significant time in prison and hefty fines. Your lawyer, in bringing mitigating evidence on your behalf, may be able to convince the government to impose lesser penalties.
If you have been accused of fraud by wire, you should contact an attorney in your area who is familiar with the federal and state laws that apply to this offense as soon as possible.
Facing any federal criminal charge and entering the complex justice system without preparation and representation is fraught with apprehension.
Your attorney can
You can tell your attorney in total confidentiality about the circumstances that lead to the investigation or arrest so your legal representative team can build a solid defense.
A wire fraud attorney will work with you to investigate the facts of your case to determine whether your activities amount to an unlawful scheme indicating your intent to defraud. Also, since every alleged incident of fraud can be charges as a separate count, you may have been overcharged, and an attorney can review the number of counts and file motions with the court or negotiate with the prosecutor to have the charges reduced or dismissed.