As technology becomes more prevalent in society, cybercrimes like wire fraud are as well. What is wire fraud and what punishments are associated with it?
Keyword: Wire Fraud
The prevalence of technology in modern society has allowed a variety of crimes to manifest themselves in new ways. Wire fraud is simply a form of fraud that involves the use of modern communication devices. Typically, a person committing wire fraud creates a scheme and a series of lies with the goal of stealing victims’ money. These days, wire fraud can occur across several mediums, including phone calls, social media platforms, text messages and faxes.
Common Examples of Wire Fraud
One of the most known examples of wire fraud is known as the Nigerian Prince Scam. In this scam, the caller is portrayed as a Nigerian prince who is in some sort of exile or other form of suffering. They request banking information to store his large fortune until they can escape exile and handsomely repay the victim.
These days, we see more wire fraud cases occur as a result of phishing. Phishing is very similar to the Nigerian Prince Scam, except it occurs over email. The goal remains the same, however: obtain personal information under the cloak of a false scheme.
Punishment for Wire Fraud
Wire fraud can lead to a jail sentence of up to 20 years and a large fine in some cases as well. For example, payment of a fine up to $1,000,000 can be required if the fraud took place during a national emergency or crisis. If this occurs, the sentence can also be increased to 30 total years. Depending on the circumstances of the case, restitution charges and probation may also be required.
Defending Against a Wire Fraud Charge
Naturally, wire fraud charges can be very large and greatly damage one’s reputation. If you have found yourself charged with wire fraud, it is in your best interest to contact a lawyer as soon as possible. There are several potential defenses to the crime, including “good faith” arguments and claims of “puffery”. Working with an attorney who can offer complete confidentiality will allow a plan to be developed to best disprove the charges.
We Can Help You Avoid a Conviction or Minimize Your Punishment
There are facts about each specific case that can significantly reduce penalties if an experienced attorney who understands this area of law presents the case. The Law Office of Elizabeth A. Lawrence offers high-quality legal representation, personal attention, and professionalism to help defend the harsh penalties of wire fraud in Maryland and District of Columbia. Call (410) 986-0088 to consult with an experienced attorney today.
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