Super Lawyers
Justia Lawyer Rating
Best Lawyers
The Best Lawyers in America
Avvo Clients' Choice
Avvo Rating 10.0
National College for DUI Defense
National Collage for DUI Defense
American Council Of Second Amendment Lawyers

Financial Institution and Bank Reports Fraud

The regulation of the country's banking system and institutions are a major topic of federal legislation. Congress has a strong interest in ensuring that banks and their employees behave in a legal manner. As such, any person accused of committing fraud as an employee or an officer of a bank may face severe penalties.

One way a person could commit this type of fraud is by making false statements in a bank's accounting books with the intent of deceiving the bank ownership or any federal agency. Courts treat these activities as felonies that carry severe potential prison terms and heavy fines.

A Michigan financial institution and bank reports fraud lawyer could help you if you are facing these allegations in United States District Courts. Specifically, a qualified fraud attorney could help you understand the complex federal laws that prohibit this behavior, identify realistic goals for the outcome of your case, and work with you to develop strategies designed to pursue these goals in court.

Federal Laws Controlling the Entry of Financial Institution and Bank Reports

All banks chartered by the United States are required to follow United States reporting requirements. This means that all internal entries concerning profits and losses, debts, assets, and customer ledgers must be accurate to the best of the reporting party's knowledge. Any intentional attempt to deceive either the leadership of the financial institution or a federal agency is a crime.

According to 18 U.S.C. §1005, whoever makes any false entry into any ledger or book of a financial agency or company with the intent to deceive any other party has committed an act of fraud. In addition, a person would also have committed fraud if they make any deposit or withdrawal, issue funds, or otherwise act as an agent of the bank without authority. Punishments for these crimes are severe, with sentences rising as high as 30 years in prison and fines of up to $1,000,000.

Laws Applicable to Credit Unions

Credit unions offer many banking customers a more intimate banking option. In fact, these unions are oftentimes owned by the members themselves. Still, if these credit unions are FDIC-insured, they must adhere to federal laws. As such, 18 U.S.C. §1006 prohibits all the same fraudulent activity as the law concerning banks. As such, employees and officers of credit unions have the same duty to keep accurate books and can be severely punished if they intentionally mislead customers, other banks, and federal agencies. The penalties here are identical to those for bank report fraud.

The Importance of Intent

It is important to remember that a prosecutor utilizing either of the aforementioned statutes to pursue a fraud case involving financial institutions and bank reports must prove that the defendant intended to commit a fraud. A mere bookkeeping error does not equate to a violation of the law.

Instead, the prosecutor must prove that a person made an intentional misstatement or entry and that this misstatement was made with the intent of deceiving another party. A seasoned Michigan financial institution and bank reports fraud lawyer should have years of experience evaluating the actions of their clients and fighting back against allegations of fraud.

Let a Financial Institution and Bank Reports Attorney Help

If you are facing allegations of financial institution or bank reports fraud, it is reasonable to be scared and confused. You may believe that your honest error has spiraled out of control, resulting in felony charges in a United States District Court. Since a conviction under any bank fraud statute could lead to a multi-year prison sentence, it could be critical that you protect yourself at every turn.

An experienced Michigan financial institution and bank reports fraud lawyer may be able to help you do just that. An attorney understands federal bank fraud laws and how they apply to the employees and officers of banks and credit unions. They also understand that prosecutors in these cases need to prove that a person intentionally misled their fellow employees, customers, or federal agencies to secure a conviction.

Practiced attorneys have years of experience in evaluating the strength of prosecutors' cases and creating reasonable doubt in the minds of juries. Let one such legal professional fight for you—call today to schedule an initial consultation and see what could be done in your case.

Client Reviews
★★★★★
Patrick Barone is the ONLY choice for DUI defense. He was realistic from the start and made it a point to look at my case before taking my money. As a business owner, when I think of attorneys, I think of the "shark infested waters. Patrick is a shark alright, but his prey is not the client; it's justice for his client. Ten stars Patrick!! Chris F.
★★★★★
Attorney Patrick Barone was very helpful and helped me understand the charge and sentence absolutely clearly. He also guided me through step by step helping me form a statement. His instructions were clear and detailed. It was obvious he cared about me understanding every important detail within my case. I would absolutely recommend this defense firm to anyone in need. Aaron B.
★★★★★
The Barone Defense Firm is the firm I recommend. They are truly concerned about the person, not just the legal issue, but the person as well. They are the most knowledgeable defense firm that I am aware of, having actually written the book on DWI Defense. If you are faced with a DWI you will not find a more professional and skilled law firm. But, most importantly, they care about how the accused individual recovers his or her life when the case is complete. Very remarkable group of lawyers. William H.