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Bank Fraud Defense

Trust Glozman Law with Bank Fraud Defense

In the United States, bank fraud is a grave crime that can result in severe penalties, including hefty fines and long-term imprisonment. Understanding the laws surrounding these criminal charges and the legal processes involved is crucial for anyone accused.

At Glozman Law, we understand that a bank fraud charge can cause a rift in your professional and personal life. Our excellent legal staff has the credentials and experience to help you navigate a fraud-related indictment and obtain a positive conclusion. 

Federal Statutes Governing Bank Fraud

Federal statutes often govern bank fraud cases in Illinois, primarily due to the involvement of federally insured financial institutions like credit unions, insurance agencies, and investment companies. The primary federal statute related to bank fraud is 18 U.S.C. 1344, which outlines the offense of executing or attempting to perform a scheme:

  • To defraud a financial institution.
  • To obtain any money, funds, credits, assets, or other property owned by, or under the custody or control of, a financial institution using false or fraudulent pretenses.

Violations of this statute can result in significant penalties, including up to 30 years in prison and fines of up to $1,000,000.

Illinois State Statutes on Bank Fraud

In addition to federal statutes, Illinois state laws also address bank fraud under various criminal statutes, which can be used to prosecute fraudulent activities involving financial institutions. Some key Illinois statutes include:

  • Deceptive Practices: This statute covers a range of fraudulent activities, including writing bad checks, obtaining property under false pretenses, and other deceptive practices that can be related to bank fraud.
  • Forgery: This law makes it illegal to create, alter, or deliver any document intending to defraud, which can include checks or bank drafts.
  • Theft: While not specific to bank fraud, this statute covers theft by deception, which can involve fraudulent activities against banks and financial institutions.

Penalties for violating these statutes can vary but may include significant fines, restitution, and imprisonment. The severity of the penalties typically depends on the amount of money or property involved and the specifics of the fraudulent activities.

The Pre-Trial and Trial Phases of a Bank Fraud Case

You’ll most likely be instructed to appear in court if you receive a charge. A court case has two essential components: the pre-trial and trial phase. Glozman Law will aid you through both processes by utilizing our extensive knowledge to gain a beneficial outcome. 

Pre-Trial Phase

During the pre-trial phase, the accused will go through several critical steps, including:

  • Investigation: Law enforcement agencies will conduct thorough investigations, including examining financial records, interviewing witnesses, and gathering evidence.
  • Charges: If sufficient evidence is found, charges will be formally filed against the defendant.
  • Arraignment: The defendant will be brought before a judge to hear the charges and enter a plea.
  • Discovery: Both the defense and prosecution will exchange evidence and information pertinent to the case.

Trial Phase

If a plea deal isn’t offered or the defendant wants to go to trial, the following steps will typically occur:

  • Opening Statements: Both sides will present their opening statements, outlining their arguments.
  • Presentation of Evidence: The prosecution and defense will present evidence and call witnesses to testify.
  • Closing Arguments: After all evidence has been presented, both sides will make their closing arguments.

Jury Deliberation and Verdict: The jury will deliberate and reach a verdict. If found guilty, the defendant will be sentenced accordingly.

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Bank Fraud Defense Case Result

United States v. KT

KT, a banker, was charged with embezzling nearly $100,000 from her employer during a year long scheme. The government argued that KT abused her position of trust to help facilitate the commission of the offense. She was sentenced to 1 day of imprisonment, time considered served, followed by a term of supervised release.
"I was facing 21 years minimum on some serious charges. We won the case in a direct verdict. Mr. Glozman gave me back my life and a chance to pursue my goals and my career. I feel forever indebted to him."

- Ricky Harris

  • Why Legal Representation is Important
  • How Glozman Law Can Help

Facing bank fraud charges is daunting and complex. The legal processes involved require a deep understanding of both state and federal laws. Effective legal representation is crucial for securing a successful outcome and retaining one’s personal and professional reputation. 

  • Expertise: A skilled attorney has the knowledge and experience to navigate the complexities of bank fraud cases. Navigating a severe crime like a fraud charge is nearly impossible without legal representation.
  • Defense Strategy: An attorney can develop a robust defense strategy tailored to the specifics of the case, ensuring your integrity and professional credibility is protected
  • Negotiation: Legal representation can aid in negotiating plea deals and reduced charges. 
  • Protection of Rights: With extensive knowledge of the law, an attorney ensures that the defendant’s rights are protected throughout the legal process.

At Glozman Law, we specialize in white-collar and criminal defense, providing expert legal representation for individuals accused of bank fraud. Our skilled attorneys understand the intricacies of both federal and state statutes and are dedicated to offering comprehensive defense strategies tailored to your case.

Our Services Include:

  • Thorough Case Evaluation: We meticulously review all evidence and circumstances surrounding your case.
  • Strategic Defense Planning: Our team develops a personalized defense strategy to achieve the best possible outcome.
  • Thorough Representation: We represent you vigorously in court, ensuring your rights are protected.
  • Expert Negotiation: Our attorneys are proficient negotiators who can work towards reducing charges or securing favorable plea deals for our clients. 

If you or a loved one is facing bank fraud charges, trust Glozman Law to provide the dedicated and knowledgeable defense you need. Contact us today for a confidential consultation and take the first step towards protecting your future.

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