Bank Fraud in Colorado
Bank fraud is a criminal offense involving the illegal acquisition of money, assets, or other property held by a banking institution. The act of acquiring money from depositors by posing as a bank or financial institution representative can also lead to a bank fraud charge. Since banking laws vary among different states and jurisdictions, bank fraud can be defined broadly as any actions implying a scheme or ploy intended to defraud a financial institution.
Banking Fraud in the United States
Under Federal Law, bank fraud is illegal and primarily defined by the Bank Fraud Statute of 1982, which states:
“Whoever knowingly executes, or attempts to execute, a scheme or artifice—
- To defraud a financial institution; or
- To obtain any of the moneys, 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, representations or promises;
shall be fined for not more than $1,000,000 or to be imprisoned for not more than 30 years or both.”
Colorado Organized Crimes Act
Colorado has established a law similar to the Racketeer Influenced and Corrupt Organizations Act (RICO) called the Colorado Organized Crimes Act, or COCA. This statute aims to prosecute individuals involved in highly organized criminal operations such as wire fraud, bank fraud, security fraud, and money laundering. These pieces of legislation both involve complex statutory schemes that significantly increase the scope of possible punishments for individuals charged with bank fraud or other organized crime activities. The complexity of these laws and the crimes they apply to make it extremely important that individuals charged with bank fraud in Colorado seek representation from a criminal defense attorney experienced with the intricacies of both the COCA and the RICO.
Denver Bank Fraud Attorney Representing You
If you have been charged with bank fraud, you should seek legal representation from a dedicated and experienced criminal defense attorney immediately. Denver Federal Criminal Defense Attorney Stanley H. Marks has extensive experience defending bank fraud cases at the state and federal level. Mr. Marks applies his expertise gained from many years of courtroom trial experience to every white-collar case he defends. Contact Colorado Bank Fraud Attorney Stanley H. Marks at (720) 580-6788 for a free consultation.