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Mail fraud was first defined in the United States in 1872. 18 U.S.C. § 1341 provides: 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, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use ...
Honest services fraud is a crime defined in 18 U.S.C. § 1346 (the federal mail and wire fraud statute), added by the United States Congress in 1988, [1] which states "For the purposes of this chapter, the term scheme or artifice to defraud includes a scheme or artifice to deprive another of the intangible right of honest services."
Several statutes, mostly codified in Title 18 of the United States Code, provide for federal prosecution of public corruption in the United States.Federal prosecutions of public corruption under the Hobbs Act (enacted 1934), the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, the Travel Act (enacted 1961), and the Racketeer Influenced and Corrupt ...
“The maximum penalty under federal law for mail/wire fraud and witness tampering is 20 years of imprisonment,” the AG’s Office added. “The maximum penalty for obstruction of justice is 10 ...
Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... The wire fraud charge carries a maximum penalty of 20 years in prison and a maximum fine of $250,000.
Charges include 26 counts of wire fraud, 2 counts of mail fraud, 2 counts of tampering with a witness, and one count of obstruction of justice.
The first type are also applicable to corrupt state and local officials: [1] the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, [2] the Hobbs Act (enacted 1934), [3] the Travel Act (enacted 1961), [4] and the Racketeer Influenced and Corrupt Organizations Act (RICO) (enacted 1970).
Cosmo pled guilty to mail and wire fraud charges on Friday October 29, 2010, and faced up to 40 years in prison. On October 14, 2011, he was sentenced to 25 years in jail. "Those who lie and steal from the investing public are on notice that they face severe penalties", U.S. Attorney Loretta Lynch in Brooklyn said today in a statement. "As ...