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Wire Fraud As Punished Under 18 USC 1343
The federal wire fraud is defined under 18 USC 1343, providing for certain acts that constitute as criminal offenses. The important consideration in prosecuting wire fraud is the use of wire communications, a scheme to defraud, the involvement of material deception, and the intention of depriving another of property, honest services or money. The important acts that would constitute the crime involve the following:
- Using a scheme with the intention of defrauding another to obtain property or money
- Employing false representation, pretenses, false promises and other similar fraudulent acts
- Transmitting any writing, signals, signs, pictures or sounds by means of radio, wire or television communication
The Federal Bureau of Investigation (FBI) assumes jurisdiction over cyber crimes that include wire fraud and other crimes committed using technology or schemes covered under the 18 USC 1343 statute. The US Secret Service may also provide assistance in wire fraud investigations. The US Department of Justice may also get involved in the criminal investigation of the prosecution of criminal offenses involving wire fraud, when the same is committed against certain classes of persons or one that involves the general public.
The penalties involved in the commission of wire fraud as provided by 18 USC 1343iclude the following:
- Imprisonment not to exceed 20 years and a fine of not more than $250,000.
- When the crime is committed by an organization, the fine is increased to not more than $500,000 with imprisonment term.
- The crime is qualified for a higher penalty in case the victim is a financial institution or one that was committed related to a natural disaster. In which case, the penalty of fine involved is not more than $1 million and an imprisonment of not more than 30 years.
Long-term prison sentence can sometimes be avoided in white collar crimes, such as a wire fraudpursuant to18 USC 1343. Wall Street Prison Consultants specializes in helping federal and state offenders to obtain sentence reductions through programs that can help provide alternative solutions to long term incarceration. Our consultation services employ investigative and research processes to assist inmates and their lawyers in finding the best solution and alternatives available to reduce prison terms of an inmate. Discuss possible solutions to your issues today. Contact Wall Street Prison Consultants at 855-577-4766. We’re here to help!