Wire fraud is a legal concept in the United States code which provides for enhanced penalty of any criminally fraudulent activity if it is determined that the activity involved electronic communications of any sort, at any phase of the event.
The crime of wire fraud is codified at 18 U.S.C. 1343, and reads as follows:
"Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both. If the violation affects a financial institution, such person shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both."
Wire fraud like any other white collar crime has tough consequences. If you are convicted of wire fraud you can face up to 20 year of imprisonment and/or be fined up to $1,000,000.
Wire fraud is a serious white collar crime that is punishable by the law, and, therefore requires a skilled criminal lawyer that can protect you from harsh state and federal laws.
If you are facing wire fraud charges, it is critical that you contact Attorney Search Network so that we can connect you with a skilled criminal lawyer that can assist you with settling wire fraud charges.
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