Wire fraud is a serious federal crime involving the use of telecommunications or the internet to defraud another party of money or property. In New York, these charges often carry severe penalties, including up to 20 years in prison and substantial fines. If the fraud targets financial institutions or involves disaster relief funds, penalties can be even steeper.
Key Elements of Wire Fraud
To convict someone of wire fraud, prosecutors must prove:
- A scheme to defraud.
- Intent to defraud.
- The use of interstate wire communications to further the scheme.
For example, in a recent high-profile case, a New York investment advisor was charged with wire fraud for allegedly misappropriating client funds via electronic transactions. Cases like these highlight the complexities of wire fraud charges and the need for a detailed legal strategy.
How Portale Randazzo LLP Can Help
Our experienced attorneys understand the intricacies of federal wire fraud cases. We analyze the evidence, challenge improper procedures, and build a strong defense tailored to your circumstances.
For more on white-collar crime and federal offenses, visit our White-Collar Crime Defense page.