Walk into a RICO indictment using these 3 easy steps.
Loan Application Fraud
It's also a federal crime to knowingly provide a false statement to certain federally insured financial institutions (such as a local bank or credit union) in an effort to influence loan application decisions. Loan application fraud carries penalties up to 30 years' incarceration and a fine up to $1,000,000. (18 U.S.C. § 1014 (2020)
Bank Fraud
Bank fraud involves a scheme or ploy used to knowingly defraud a bank or obtain any money or funds controlled by the bank through the use of false pretenses, representations, or promises. This section covers a broad range of criminal activities, from forging bank checks to providing false information on mortgage or loan applications. A conviction carries up to a 30-year sentence and $1,000,000 in fines. (18 U.S.C. § 1344 (2020)
Wire or Mail Fraud
Additional charges for wire fraud or mail fraud can be filed, if the prosecution can show a person used:
- the Internet, email, phone, or another communication service (wire fraud), or
- the U.S. mail or an interstate delivery service (mail fraud)
to engage in a plan to defraud another of money or property. As with the other fraud charges, a crime is committed regardless of whether any money was obtained.
While wire and mail fraud charges tend to be "catchall" federal charges, the consequence of a conviction is significant. Penalties for mail and wire fraud carry 20 to 30 years in federal prison and fines can reach $1,000,000. (18 U.S.C. §§ 1341, 1343 (2020).
@ naming the channel "packet watchers"
