Bank fraud can vary greatly. It always involves finances. The harm is usually a large loss of money by the victim. While this crime can occur in a variety of ways and involve different types of banks, high-yield investment fraud involves prime banks. Carrying on the...
bank fraud
What bank fraud means for your future
Deception used to make monetary gain carries extreme legal repercussions in the state of Texas. What might seem like a rather insignificant action on your part can impact many people. When you understand the most common consequences of committing bank fraud, you can...
What is bank fraud?
Bank fraud is a white-collar crime. It can happen at any level, but most often, it becomes a federal offense when you find yourself facing charges. Cornell Law School explains there are two ways to commit bank fraud. What this means is that the prosecution must prove...
What are examples of wire fraud?
Wiring money offers a quick way to help family, friends and strangers in need, but some abuse the service to engage in criminal acts. Those accused of wire fraud may use various scams to part individuals from their money. The Federal Trade Commission explores...
What is unsolicited check fraud?
Checks are generally simple. You sign a check in order to transfer funds from your checking account to another party or to gain money from another party's checking account, usually in exchange for a good or service. However, some checks do more than convey money...
What is a wire transfer scam?
Like most people, you probably wired money before. Unfortunately, there are many ways fraudsters can use wire transfers to their advantage. According to the Attorney General of Texas, wire transfers are convenient and easy for scammers to exploit. Signs of a wire...
What are the signs of credit card fraud?
One of your nightmares could be your card ending up in the wrong hands as a credit cardholder. According to Experian, 41% of Americans have reported fraudulent credit card charges. You may think that password carelessness or lost cards are the only ways for fraudsters...
What are some examples of Texas credit and debit card fraud?
Bank fraud is a common crime in Texas that includes many different facets of fraudulent behavior, such as credit and debit card fraud. According to the Texas Constitution and Statutes website, many financial institutions including banks, credit unions and companies...
Unauthorized withdrawals may result in a bank fraud charge
An unauthorized transaction involving a financial institution may lead to allegations of a serious felony offense. The Federal Deposit Insurance Corporation protects the funds deposited in an account. As noted on the FDIC’s website, an individual found withdrawing...
Is credit card fraud taken seriously in America?
If you face accusations of credit card fraud, you might wonder how seriously the courts treat it. When it comes to laws related to financial entities, keep in mind that when crimes affect banks and investors, the government tends to come to their aid. The local...