Boca Raton Bank Fraud Attorneys
Experienced Bank Fraud Attorneys in Boca Raton, Florida.
EXPERIENCED BANK FRAUD ATTORNEYS
Every person charged with a bank fraud deserves a strong and aggressive defense. Michael D. Becker will not only your rights but also secure your freedom. He is your best option to win. For a free consultation please call (305) 538-0520 so we can discuss your case.
Bank fraud is considered a federal offense and it occurs when an individual knowingly attempts to execute a scheme for the purpose of defrauding a banking institution.
There has been a crackdown in the causes of bank fraud in latest years due to the economic harm caused by deceptive banking methods leading up to the financial collapse of 2008. As consequence, the federal legislature passed the Bank Fraud Statute considering the crime as a federal offense. The proceedings can be lengthy and complex and the individual convicted could be punished with decades in jail and fines up to $1 million.
Moreover, Bank Fraud is classified as a white collar crime and is punishable under Federal and State Laws
Bank insiders such as officers and directors who use inside information and operate illegal means to acquire cash, assets, or other tangible properties can be punished with huge fines and imprisonment
The most common cases of bank fraud are:
CREDIT CARD FRAUD
It generally refers to any crime involving the use of a credit card fraudulently or the unauthorized use to finalize a transaction. Credit card crimes take place in many distinct ways, the most common being buying and selling stolen account data. As well as using stolen account data to create purchases, credit cards are also frequently counterfeited.
Individuals accused of this crime may be prosecuted under federal and state law and the penalties penalties may include harsh fines, probation and county jail or state prison time.
It is considered a forgery when a person intentionally injures another person by altering, forging or counterfeiting a document or written instrument belonging to another person. Forging public records, certificates, notarized documents, checks, goods, and personal property is also considered a crime.
If convicted the individual may face punishments in state court up to 5 years in prison and excessive fines. In addition, the federal court sentence will rely on the amount of victims engaged in the case and the financial loss.
This crime happens when a financial professional such as a stockbroker or financial analyst offers fake data in an attempt to mislead customers advice through insider trading. Corporations also commit securities fraud if they mislead investors to create their business appear stronger than it is in the interest of pushing up inventory prices.
A conviction for securities fraud may result in probation or prison sentence and restitution in addition to harsh fines.
It refers to the providing of false information when a loan is requested or received. Loan fraud can affect either the lending institution such as a bank, or the borrower, generally a person.
It takes place when someone tries to hide the source of economic proceeds from criminal activity. Money laundering usually has three phases. The first one occurs when someone inserts into the economic system tainted or “dirty” money obtained from illegal activity. The money is transformed during the second phase by performing complicated operations to obscure the money source. In the last phase, the individual gets the freshly laundered money from the financial system.
The penalties vary considering the amount of money processed:
- When the amount goes from $301 to $19,999 within a 12 months period the crime is considered ad 3rd degree felony and its punishable by up to 5 years in state prison.
- When the amount goes from $20,000 to $99,999 within a 12 months period, it is considered as 2nd degree felony punishable by up to 15 years in state prison.
- When the amount is $100,000 and above, it is considered as 1st degree felony punishable by up to 30 years in state prison.
Individuals accused of bank fraud crimes are protected by the U.S. Constitution and are presumed innocent until proven guilty.
So if you are under investigation of a gun crime you need the experience of an attorney like Michael D. Becker. He will defend your rights and make sure you will get the best results possible in your case.
HOW WE CAN HELP
Federal & State Crimes
White Collar Crimes
Internet & Computer Crimes
Drug trafficking & possession
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What my clients have to say:
"Strong character, unwavering dedication, with clear understanding of the law"
“Strong character, unwavering dedication, with clear understanding of the law moreover he quickly brings a sense of comfort in the legal matters at hand. Michael D Becker is my best choice in representation hence the best in over all value. Peace of mind is worth more; Experience and brilliance are not extra extraordinary. It's just the way Mr Becker provides his service."
Daniel D. Curtis
"He kept all of us updated as the case progressed"
“He kept all of us updated as the case progressed, and he went above and beyond, visiting my home to collect discovery personally and taking my oft-times bizarre from-confinement-calls at all hours. He did this all with a disarming yet professional manner which put me and my family at ease during a very stressful time."
"He was Bold, Direct, Honest. Told me like it was."
"When I got arrested I was being told all different stories from different attorney's I was recommended to Mr Becker. He was Bold, Direct, Honest. Told me like it was. No BS. Most Attorney's want to tell you what you want to hear. He does not."