State and Federal Bank Fraud

New Jersey Bank Fraud Lawyers

Whether it is charged as a State offense or Federal offense, bank fraud is a serious crime and can be punishable up to 30 years in prison and/or a fine of up to $1,000.000.

Federal Bank Fraud Charges

The Bank Fraud Statute is 18 U.S.C. § 1344. It states:

Whoever knowingly executes, or attempts to execute, a scheme or artifice–

(1) to defraud a financial institution; or

(2) to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises;

shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.


(Added Pub.L. 98-473, Title II, § 1108(a), Oct. 12, 1984, 98 Stat. 2147; amended Pub.L. 101-73, Title IX, § 961(k), Aug. 9, 1989, 103 Stat. 500; Pub.L. 101-647, Title XXV, § 2504(j), Nov. 29, 1990, 104 Stat. 4861.)

Penalty for Bank Fraud in Federal Court

As seen above, defendant convicted of bank fraud could be sentenced up to $1,000,000 or imprisoned not more than 30 years, or both.

This Bank Fraud Statute criminalizes federally check-kiting, check forging, non-disclosure on loan applications, diversion of funds, unauthorized use of ATMs, credit card fraud, and other similar offenses. However, other crimes specifically cover money laundering, bribery, and passing bad checks. If you have been arrested for bank fraud or are under investigation for bank fraud, our team of former prosecutors and certified criminal trial attorneys can represent you in any federal court including Newark, Trenton and Camden.

New Jersey Bank Fraud Charges

While there is no specific bank fraud crime in New Jersey, there are a number of crimes that cover bank fraud issues. These include theft, robbery, forgery, uttering (passing a bad check), bad checks, theft by deception and computer theft. Our attorneys are former fraud prosecutors and certified by the New Jersey Supreme Court as Criminal Trial Lawyers.

Types of Fraud Crimes in New Jersey and Federal District Court

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The information on this website is for general information purposes only related to New Jersey Fraud. No information on the New Jersey Fraud should be considered as legal advice for any individual case or situation. The information on this website or communications from this website do not constitute an attorney-client relationship. Contact us for a free consultation.