Arizona Wire Fraud Lawyer
Wire Fraud Charges Under 18 USC 1343
If you are facing Wire Fraud charges, hiring a skilled and experienced defense attorney can be the difference between a favorable outcome and a devastating one. Josh Kolsrud can help you understand your charges, build a strong defense, negotiate with the prosecution, and protect your rights in court.
Wire fraud is a criminal offense that involves fraudulent activities conducted through electronic means of communication. These methods can range from phone calls and faxes to emails, text messages, and even social media interactions. The goal is typically to deceive the recipient for financial gain or to obtain something of value through false pretenses. If convicted, the penalties for wire fraud can include imprisonment, monetary fines, or a combination of both.
During Josh’s 14 years as a state, international, and federal prosecutor, he tried over 100 cases to verdict. As an Assistant United States Attorney (AUSA), Josh handled 3,528 federal cases. Josh and his team will work tirelessly to defend your rights and protect your interests throughout the legal process. We have a deep understanding of federal laws and can provide the expert guidance you need to build a strong defense and achieve the best possible outcome in your case.
Contact us today to schedule a free consultation and learn more about how we can help you.
What is Wire Fraud?
Wire fraud is defined under 18 USC 1343 as the use of wire, radio, or television communications to execute a scheme or artifice to defraud someone of money or property. This definition means that if someone uses electronic communication or interstate wire transmission to defraud someone else, they can be charged with wire fraud under federal law.
Wire fraud is considered a federal crime because it often involves activities that cross state lines, making it a violation of federal law.
Penalties for Wire Fraud under 18 USC 1343
The penalties for wire fraud under 18 USC 1343 can be severe. The maximum sentence for each count of wire fraud is 20 years in prison and a fine of up to $250,000. However, if the scheme involves a financial institution, the maximum sentence increases to 30 years in prison and a fine of up to $1,000,000.
In addition to these criminal penalties, a conviction for wire fraud can also result in civil penalties, such as fines and restitution. Restitution requires the defendant to pay back the money that they defrauded from the victim.
Examples of Wire Fraud under 18 USC 1343
Wire fraud can take many forms, and there are countless ways that someone can use electronic communication or interstate wire transmission to defraud someone else. Here are a few examples of wire fraud under 18 USC 1343:
Ponzi Scheme:
A Ponzi scheme is a type of investment scam that involves paying early investors with the funds from later investors. The scheme’s creator promises high returns on investment, but in reality, they are using new investors’ money to pay off previous investors. Ponzi schemes often use electronic communication to solicit new investors and transfer money between accounts.
Business Email Compromise (BEC):
BEC scams involve impersonating a company executive or employee to trick someone into sending money or sensitive information. In these scams, the fraudster will use electronic communication to send fake emails or create fake websites to deceive the victim. They may also use wire transfer services to move the money from the victim’s account to their own.
Lottery Scam:
Lottery scams involve convincing someone that they have won a large sum of money in a lottery or sweepstakes. The fraudster will then ask the victim to pay fees or taxes before they can claim their prize. The scammer will often use electronic communication to contact the victim and ask them to wire money or provide their bank account information.
Investment Fraud:
Investment fraud involves convincing someone to invest money in a fraudulent scheme or product. The fraudster may use electronic communication to promote the investment and solicit funds from potential investors. They may also use wire transfer services to move the money between accounts.
Mortgage Fraud:
Mortgage fraud involves misrepresenting or omitting material facts in a mortgage application to obtain a loan. The fraudster may use electronic communication to submit false documents or impersonate the borrower to obtain the loan. They may also use wire transfer services to move the money from the lender to their own account.
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An award-winning criminal defense attorney Since 2006
Why Choose Josh Kolsrud
With over 100 trials to his name, and years of experience as a state and federal prosecutor, Josh understands the law, the legal process, and your rights. Josh is also committed to representing every client with utmost integrity and dedication
Experience
Josh has prosecuted major crimes on the state and federal level, led a successful anti-human sex trafficking operation that saved lives, and argued before countless juries and justices for his clients
Expertise
Josh is an expert in both Arizona and federal criminal law, and is ready to put that expertise to work for you.
Dedication
As a prosecutor, Josh saw far too many defendants lose their livelihood due to poor representation. Josh will always give every client his complete attention and effort
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