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Chase says the defendant owes it $291,000 — the most across all four of the cases — the bank said Monday in a Texas filing. In all four cases, Chase said it reached out to the defendants ...
8 a.m.: Journalists from news outlets across Texas have arrived in Houston for a hearing in the felony securities fraud case against Attorney General Ken Paxton. Paxton has not yet arrived at the ...
The scheme erased more than $3.3 million worth of debts, Texas authorities said. Woman fakes 133 police reports to erase millions in debts, Texas cops say Skip to main content
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New account fraud: This occurs when a fraudster uses someone else’s information to open a new bank account or credit card account, or to apply for a loan. “[To help prevent] new account fraud ...
Under federal law, bank fraud in the United States is defined, and made illegal, primarily by the bank fraud statute in Title 18 of the U.S. Code. 18 U.S.C. § 1344 states: [15] Whoever knowingly executes, or attempts to execute, a scheme or artifice— (1) to defraud a financial institution; or
On October 18, 2012, Dwek was sentenced to six years in federal prison for his conviction on bank fraud charges. [17] On October 19, he received a sentence of four years in state prison for the separate fraud charges before the New Jersey Superior Court in Monmouth County. He served the two prison terms concurrently. [18]
Shaw v. United States, 580 U.S. ___ (2016), was a United States Supreme Court case that clarified the application of the federal bank fraud statute to cases where a defendant intends to only defraud a customer of the bank, rather than the bank itself. [1]