Defending Florida Residents Charged With Bank Fraud
Last updated on August 9, 2024
If you or a loved one has been charged with bank fraud, you are facing a very serious federal offense and should speak to a Florida bank fraud attorney at our firm as soon as possible.
At Jansen & Davis, P.A., our bank fraud lawyers provide aggressive representation to individuals facing federal charges of bank fraud in Florida. If you have been accused of defrauding or attempting to defraud a bank or financial institution, an attorney from our firm may be able to help you.
What Is Bank Fraud?
Bank fraud involves defrauding or knowingly attempting to defraud, a financial institution to obtain assets under its control.
Bank fraud involves a number of criminal activities, including the following:
- Making false statements
- Loan fraud
- Mail fraud
- Wire fraud
- Forging checks
- Conspiracy
- Falsifying loan documents or financial documents
Given the serious nature of these activities, it’s crucial to understand the potential consequences and legal processes involved in bank fraud cases.
Penalties And Legal Consequences Of Bank Fraud
Bank fraud is a serious federal offense with severe consequences. Under 18 U.S.C. § 1344, individuals convicted of bank fraud face up to 30 years in federal prison and up to $1 million in fines. However, the penalties can vary based on the specific circumstances of each case.
Additional consequences may include:
- Restitution: Repaying the defrauded amount to the financial institution
- Supervised release: A period of monitoring after serving prison time
- Asset forfeiture: Surrendering property obtained through fraudulent activities
- Civil penalties: Separate from criminal charges, these can result in additional financial burdens
For white collar professionals, a bank fraud conviction can have devastating career implications, including loss of professional licenses, difficulty finding future employment and irreparable damage to one’s reputation. Given these high stakes, it’s crucial to seek representation from experienced bank fraud attorneys who understand the complexities of federal law and can mount a robust defense.
How Long Does A Bank Fraud Investigation Take?
Bank fraud investigations can be lengthy and complex processes. The duration can vary significantly depending on several factors:
- Complexity of the case: More intricate schemes may require extended investigation periods.
- Amount of evidence: Larger volumes of financial records and documents can prolong the process.
- Number of involved parties: Cases with multiple suspects or financial institutions may take longer to investigate.
- Cooperation of witnesses: The willingness of individuals to provide information can impact the timeline.
- Resources allocated: The priority given to the case by law enforcement agencies can affect its duration.
Typically, bank fraud investigations last several months to several years. During this time, individuals under investigation may be unaware that they are the subject of scrutiny. This underscores the importance of seeking legal counsel at the first sign of an investigation.
If you suspect you’re under investigation for bank fraud, it’s crucial to contact bank fraud attorneys immediately. Early intervention by skilled legal professionals can sometimes influence the course of an investigation and potentially mitigate its impact.
At Jansen & Davis, P.A., our bank fraud attorneys have extensive experience navigating complex federal investigations. We work diligently to protect our clients’ rights throughout the investigative process and, if necessary, mount a strong defense against any charges that may arise.
Remember, the earlier you involve a lawyer in your case, the more options you may have for your defense strategy. Our team of dedicated bank fraud attorneys is available 24/7 to discuss your situation and provide the guidance you need during this challenging time.
Proven Bank Fraud Lawyers Serving Tallahassee
No matter the circumstances of your federal offense, it is best to speak with a bank fraud attorney before you say anything to an investigator or police officer. It is true that anything you say can and will be held against you, so we urge you to exercise your right to remain silent until you have secured representation from a Florida federal criminal defense attorney.
Your lawyer will carefully examine all the evidence in your case in an effort to find a defense to your charges. If there is too much evidence against you and a conviction cannot be avoided, it is still very helpful to have an attorney who will negotiate a lesser sentence on your behalf.
Charged with bank fraud? Reach out to us to schedule a free consultation to discuss your case. Call 850-641-8739 to get started.