Minnesota Bank Fraud Attorney & Lawyer
Bank fraud is one of the most common types of crimes that also come with severe implications. Bank fraud usually refers to receiving finances from a bank based on false information. However, bank fraud can span into a number of criminal activities including the following:
- Mortgage fraud
- Employee theft or embezzlement (internal bank fraud)
- Credit card fraud or debit card fraud
- Check fraud
- Forgery
- Identity theft
- Kite scheming
Minnesota Federal Criminal Lawyer
Bank fraud is normally prosecuted in the federal court as it often deals with federal financial institutes. Bank fraud does not only refer to fraud in order to obtain monetary value but also credits, assets, securities and other property owned by the financial institution. The federal court system has set penalties in place for certain crimes which can be hard to get out of.
Because of the severity of bank fraud, you are most likely looking at a federal felony offense which comes with at least seven years in prison and a $14,000 fine. It is possible to be convicted of a misdemeanor or gross misdemeanor if the offense is not as serious. Whatever you are being charged of you need to contact a Minnesota bank fraud attorney right away to discuss your options.
Bank fraud convictions do not end once your sentence is served. The reason is because a bank fraud charge will sit on your permanent record forever. This record can (and will) be accessed by credit bureaus and financial institutes down the road. What this means is you may have trouble obtaining any type of loan, from a mortgage loan to even a credit card loan, down the road. This can make it difficult to live your life the way you want to and may also make you feel like a second class citizen. After all, we depend on financial institutes for all types of loans, from student loans to better your education, to car loans to get you from A to B. It can be hard for a financial institute to trust that your intentions are honest if you have a bank fraud conviction on your record.
Bank Fraud Defense Minnesota
If you are charged with bank fraud, no matter what the situation is, your best defense is to contact an experienced Minnesota bank fraud lawyer right away. There are many different defense tactics as well as loopholes in the legal system. It is up to your lawyer to determine which ones apply to you and how they can help.
Contact Us Today For A Free Consultation
DeVore Law Office has the experience and the credentials you are looking for in a MN bank fraud lawyer. We can be reached at 651-633-5000 24/7 and offer a free initial consultation. You may be able to walk away from a bank fraud charge with a not guilty verdict or a reduced sentence. The sooner you contact an experienced Minnesota fraud lawyer, the better chance you have of walking away from a bank fraud arrest with little to no damage done.