NYC Bank Fraud Attorneys

New York City bank fraud attorneys of Joseph Potashnik and Associates PC represent clients charged with all types of bank-related crimes & frauds in New York and nationwide

Bank fraud is a generic term that embraces a wide range of federal and state-level white-collar crimes which constitute stealing money from financial institutions. The following types of offenses fall into this category:

• Misapplication is a federal offense that constitutes willful conversion of the funds of a financial institution to one’s of third party’s benefit.
• Embezzlement is basically the same offense but here the perpetrator is an insider (both misapplication and embezzlement are prosecuted under Sections 656, 657 of Title 18 U.S.C.).
• Making false statements on the records of a financial organization is another offense perpetrated by employees and it constitutes making false entries on documents in order to commit a crime (Title 18 U.S. Code Sections 1005, 1006). This is an extremely grievous offense which can result in penalties of up to $1M or up to 30 years in prison.
• Bribery is another federal offense falls under the jurisdiction of Title 18 U.S.C. Section 215, which is giving, offering, promising a reward of some sort to an employee of a financial institution, or if the perpetrator is the employee, asking or receiving such reward, to influence the institution’s business or transactions. This crime carries the same harsh penalties as the previous one on the list, or three times the amount of the bribe.
• Bank fraud constitutes elaborating a scheme to defraud a financial institution and/or any of its funds or assets, which is prosecuted under Title 18 U.S.C. Section 1344, also called the bank fraud statute. Among the crimes that fall under the jurisdiction of this law are the following: car title crimes, stolen or false checks, check kiting, credit card schemes, ATM fraud, stolen credit cards, and others.
• Making false statement to obtain a loan (Title 18 of the U.S. Code, Section 1014), which carries extremely severe penalties – an up to 1M USD fine or 30 years in jail.

Some bank-related offenses, such as check kiting, are also prosecuted under mail and wire fraud laws. State-level bank crimes are often prosecuted under conspiracy, larceny, forgery, cyber crimes and other statutes.

As you may see, such offenses are very serious and therefore require the help of an experienced bank fraud attorney who has handled similar bank fraud cases before. This is the sort of legal counsels who work with Joseph Potashnik and Associates. We have represented clients in federal courts in the United States and also in other countries through our affiliates. Call us today to discuss your matter and see how we can help.