Arizona Wire Fraud Attorney
Federal wire fraud refers to the criminal offense of using electronic communications, such as telephone, email, or internet, to devise a scheme to defraud others of money or property. It falls under the jurisdiction of the United States federal government and is governed by the federal wire fraud statute, which is codified under 18 U.S.C. § 1343.
To be charged with federal wire fraud, the prosecution must prove the following elements:
- A scheme to defraud: The defendant must have devised or intended to devise a plan or scheme to defraud others. This typically involves intentionally devising a scheme to deceive or trick someone for financial gain.
- Use of wire communications: The defendant must have used wire communications, such as telephone calls, emails, or electronic transfers, as part of the scheme to defraud. The use of interstate or international wires is required for federal jurisdiction.
- Intent to defraud: The defendant must have had the specific intent to defraud others. This means knowingly participating in a scheme with the intention of deceiving or obtaining money or property through false pretenses, representations, or promises.
If convicted of federal wire fraud, the penalties can be severe. Under the federal wire fraud statute, the maximum punishment is up to 20 years in prison, fines, or both. However, the actual penalties imposed may vary depending on the specific circumstances of the case, including the amount of money involved, the degree of harm caused, and the defendant’s criminal history.
It’s worth noting that wire fraud is often charged in conjunction with other related offenses, such as mail fraud (18 U.S.C. § 1341) or money laundering (18 U.S.C. § 1956), if applicable to the case. These charges may carry additional penalties and consequences.
If you believe you are involved in a legal situation related to federal wire fraud, it is crucial to consult with an experienced criminal defense attorney who can provide you with appropriate advice and guidance based on the specifics of your case.
Conspiracy to Commit Wire Fraud
If more than one person is involved in the alleged wire fraud, federal prosecutors will often bring conspiracy charges as well. The laws used to prosecute these conspiracy charges are 18 U.S.C. § 371 and 18 U.S.C. §1349. In the most basic terms, conspiracy charges require the prosecution to prove that two or more people agreed to commit a wire fraud offense, and that the defendant joined in that agreement.
In the United States, wire fraud is a federal offense and is punishable by fines and imprisonment. According to 18 U.S. Code § 1343, the penalty for wire fraud can include up to 20 years in prison and fines of up to $250,000 for individuals and up to $500,000 for organizations. However, if the offense involves a financial institution or a government agency, the penalties can be much more severe.
In addition to these penalties, individuals convicted of wire fraud may also be required to pay restitution to the victims of the offense. This can include returning any money or property that was stolen or paying for any damages that were caused as a result of the fraud.
It’s worth noting that the penalties for wire fraud can vary depending on the specific circumstances of the case, and a skilled criminal defense attorney may be able to negotiate a plea deal or reduce the charges and penalties.
Contact A Phoenix Wire Fraud Attorney
If you have been charged with wire fraud, let Myles A. Schneider help you reach the best conclusion in your case. You will be met with a great deal of experience, a great track record, and the aggression that is needed to successfully defend you in your case. To learn more about how you can have a fair end to your case, call 602-926-7373 for a free consultation.