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Dallas Bank Fraud Defense Lawyers

Attorneys for Financial Institution Fraud in Texas

Bank fraud is considered a very serious crime. Defrauding a financial institution can lead to very harsh sentences should you be convicted. Bank fraud is almost always a felony, and it may be charged at the federal level because most banks have federal backing in the form of FDIC insurance. It is a type of white collar federal crime. This type of fraud may involve a highly sophisticated scheme, or it could be as simple as providing false information when you open a bank account or apply for a loan. In some cases, an innocent mistake can lead to charges if the government believes the mistake was intentional. However, most bank fraud cases involve an intentional misrepresentation of some type.

If you have been accused of bank fraud, Spencer & Associates can help. Our experienced bank fraud attorney will act aggressively to protect your rights and guard your freedoms. We will do all we can to build a powerful legal defense and minimize or eliminate any consequences you may face. The penalties associated with bank fraud can be severe. We will begin taking steps to protect your interests as soon as we hear from you. It is important not to delay in contacting an attorney, as we may be able to take immediate action on your behalf.

Bank Fraud Explained

Generally, bank fraud involves any attempt to defraud a financial institution. When bank fraud is committed, there is often another serious offense involved, such as identity theft. Bank fraud can be committed in a number of ways, including:

  • Credit card fraud - Many forms of credit card fraud, such as lying about your income on an application, also involve an attempt to defraud a financial institution.
  • Using another's information - Identity theft may be involved in bank fraud. Using another person's identifying information to open an account, make withdrawals, or take out a loan are all forms of bank fraud.
  • Check fraud - Kiting checks, forging another person's signature on a check, or writing fake checks can all be considered fraud against the bank. Altering a check you received before depositing it or knowingly depositing a fake check can also lead to charges. You could face a separate charge for each individual check.
  • Money laundering - Presenting illicit funds to a bank as legitimate profits can be considered bank fraud, especially if the claimed profits are reported on a loan application.
  • Loan application fraud - Applying for a loan and presenting false information, such as by misreporting your personal income, can lead to bank fraud charges. Using a straw borrower may fall into this category.
  • Counterfeit documents - Creating or using counterfeit financial records can be considered a serious crime.
  • Wire transfer fraud - If wire transfer fraud or an unauthorized money transfer impacts a banking institution, it may be a form of bank fraud.

Bank fraud is considered a serious felony. Even a single count can carry up to 30 years in federal prison. If you believe that you are suspected of bank fraud, or if you have already been charged, it is important to take immediate action by contacting a qualified criminal defense attorney. There may be steps we can take right away to begin protecting your rights and building your best possible defense.

Contact a Dallas Bank Fraud Lawyer

Spencer & Associates is experienced in defending those charged with all forms of bank fraud. Our highly skilled criminal defense attorney will act strictly in your best interests throughout your case. We offer complimentary initial consultations. To begin, please contact us at 214-385-8500.

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