A person commits bank fraud when he/she knowingly executes, or attempts to execute, a scheme or artifice to do any of the following:
- defraud a financial institution; or,
- obtain any of the monies, funds, credits, assets, securities, or other property owned by or under the custody or control of a financial institution by means of false or fraudulent pretenses, practices, transactions, representations, or promises.
PENALTIES FOR BANK FRAUD CONVICTION
A conviction for bank fraud is punishable by imprisonment, with or without hard labor, for not more than ten years, or a fine of not more than $100,00.00 or both.
The court may also order restitution as a part of the sentence. This may include making full restitution to the victim and any other person who has suffered a financial loss as a direct result of the offense. If a person ordered to make restitution is found to be indigent and therefore unable to make restitution in full at the time of conviction, the court may order a periodic payment plan consistent with the person's financial ability.
WE WILL DEFEND YOU AGAINST BANK FRAUD
If you've been charged with bank fraud, the consequences of a conviction are severe. It is vital that you not take any chances. Don't attempt to navigate the criminal justice system without the assistance of an experienced criminal attorney.
Attorney Ebonee Norris and her experienced legal team can help.
To schedule a confidential consultation to discuss your case, call us at (318) 771-7000 or contact us online today.