Fraud charges can take on many forms

Many types of fraud involve the banking system, and as a result, fraud charges can result in indictments at the federal level. Mounting a fraud charges defense is especially complicated when this happens because federal authorities have more resources and typically, fines and prison time are much more egregious than when state charges are involved.

Fraud is considered a white-collar crime and can be charged in many ways:

  • ATM Theft
  • Embezzlement
  • Stolen Checks
  • Counterfeiting
  • Credit Card Fraud
  • Identity Theft
  • Forgery
  • Fraudulent Loans
  • Wire Fraud
  • Accounting Fraud
  • Mortgage Fraud

Fraud charges defense strategies

If you’re charged with fraud, you can expect that your defense will be complicated due to the need to acquire large amounts of records and a high degree of forensic accounting work that will take place both on the prosecution and the defense side.

It’s important to remember that banks want to recover as much of their assets as possible, and one key strategy is to work with them as part of a negotiating effort that will allow a defendant to benefit as much as possible in their particular set of circumstances.

A defense attorney may also be able to use a couple of other defense strategies as well. These may include entrapment, along with the claim that a defendant had no initial intent to steal funds from a bank or financial institution.

In other instances, a defense strategy may include a claim of a lack of knowledge in that a defendant did not understand or know about the source and nature of stolen funds they came in contact with.

A final and lesser used strategy is to claim incompetence or insanity as a defense. While rarely used, it can be a viable defense within certain parameters.

Bird & Bird serves clients in Torrance, Manhattan Beach, Hermosa Beach, Palos Verdes, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills Estates and other nearby Southern California communities.