What are the elements of a federal bank fraud crime?

Dallas criminal defense attorney, John Teakell, discusses that to prove that a person committed federal bank fraud the prosecution must show that the defendant made representation of material fact, or engaged in a scheme to obtain property, from a financial institution that is federally insured.

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Phone: (214) 523-9076

Transcript:

Bank fraud under the United States code which is prosecuted by the US attorney and federal court, requires that the US Attorney prove that a person either made misrepresentations of material fact or engaged in a scheme to obtain or attempted to obtain, property, money, something of value from a financial institution that was federally insured or federally chartered. In other words, the scheme, misrepresentations to obtain something that benefits the person or whether it’s in the form of a loan. Whether it’s getting the bank to hold off from taking action, something of value from a federal bank or a federal financial institution.