Wire Fraud Explained: What It Is & Why It’s a Federal Offense
Wire fraud is a serious federal offense, not just a local crime. As a criminal lawyer, I've seen these cases carry severe penalties. Understanding it is crucial.
Simply put, wire fraud involves using interstate or international wires (like phones, emails, or internet) to carry out a scheme to defraud someone of money or property. It’s a broad category. This isn't just about big scams; even a deceptive email can trigger federal charges.
The FBI investigates thousands of these fraud charges annually. Conviction rates for federal fraud cases can be high. The average prison sentence for federal fraud offenses often exceeds 30 months. These white-collar crimes can impact countless victims, with losses totaling billions of dollars each year. If you're facing wire fraud accusations, your future is at stake.
