There are certain types of crimes that carry more significant penalties than others. For example, a federal-level offense will result in more serious consequences than a misdemeanor offense. White-collar criminal offenses are federal crimes, which means the federal government handles prosecution. A defendant facing accusations of a federal offense or formal federal charges is facing the potential for years or decades behind bars. It is critical to take these types of cases seriously and prepare with an effective defense strategy.
Wire fraud is a common example of a federal criminal offense. This is a crime that takes place using a form of telecommunication, such as email, fax machines, the use of social media, text messaging and more. It often takes place via communications over state lines or even between countries. If you are under investigation for this type of crime or are already facing charges, you will benefit from taking your case seriously.
The severity of the crime of wire fraud
The federal government takes wire fraud seriously, and these cases typically face prosecution to the fullest extent of the law. In order to have a valid wire fraud case, there must be evidence of voluntary and intentional participation in a fraud scheme, as well as the use of telecommunications to commit that crime. The penalties for wire fraud are significant, with potential penalties including up to 20 years in prison and as much as $250,000 in fines for individuals.
There is a five-year statute of limitations for wire fraud cases, unless the fraud targeted some type of financial institution. In that case, the statute of limitations would be 10 years. Wire fraud often takes place in the form of a scam, such as sending an email asking for money under the guise of a false reason or as a non-existent individual. The intent of these scams is to obtain sensitive financial information or access to funds.
What are your defense options?
One of the most important things to remember is that you have the right to defend yourself against any type of accusations, regardless of their severity or type. Due to what is at stake when facing federal charges, you will benefit from seeking the support of an experienced professional who can provide insight regarding the specific defense options available to you. An assessment of the individual wire fraud case can allow you to understand how to protect yourself and develop an effective defense strategy.