Bank fraud charges are serious allegations that can have drastic consequences for a person convicted of this crime. Bank fraud is legally recognized as an act of deceit or misrepresentation resulting in the illegal seizure of bank assets or property. It is important for defendants to know, however, that the prosecution must show that this fraud was done intentionally. With the help of a skilled criminal defense attorney, a defendant may be able to cite a lack of intention or otherwise show that he or she was not responsible for the fraud in order to be cleared of the charges.
Penalties for Bank Fraud Crimes
The penalties for a federal bank fraud conviction can include the following criminal punishments and collateral consequences:
- Maximum fine of $1,000,000
- Maximum prison sentence of 30 years
- Possible lifetime loss of privileges in financial work
- Loss of professional and academic opportunities
- With felony convictions, loss of certain rights
- Travel restrictions
These convictions can ruin a defendant’s career, threaten his or her freedom, and put the individual’s family at risk of severe hardship. To avoid the devastating effect of a conviction, a defendant may want to find a legal defender with the knowledge and experience necessary to fight for the person’s best interests.
If you’re facing bank fraud allegations, you may want to closely consider your next steps in developing a defense case. You don’t need to go through this difficult process alone, though, and can greatly benefit from the assistance of an experienced defense team. To learn more about how we may be able to help you fight these charges or work towards a favorable settlement, contact an attorney from Kohler Hart Powell, SC today at (414) 271-9595.