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Bank fraud is a serious white collar crime

Crimes involving identity theft have been on the rise in recent years as people have moved more toward an online economy.  As a result, law enforcement has deployed more resources than ever and have engaged in aggressive tactics to deal with fraudulent activities.

Fraud can take on many forms, with many types of fraud involving banks.  Bank fraud takes place when a person deliberately attempts to acquire money from a bank or any other financial institution and attempts to keep the crime a secret.  Bank fraud can also take place when someone poses as a financial institution and tries to get money from depositors.

Bank fraud is known as a white collar crime and can take on many different forms.  Depending on the nature of the crime, local or state law enforcement may be involved, but in most cases bank fraud is considered a federal crime because banks are protected by federal statutes.  As such, penalties and fines can be extremely harsh.  Bank fraud can be committed in several different ways:

  • ATM Theft
  • Embezzlement
  • Stolen Checks
  • Counterfeiting
  • Credit Card fraud
  • Identity Theft
  • Forgery
  • Fraudulent loans
  • Wire fraud
  • Accounting fraud
  • Mortgage fraud

In Denver, if you are facing fraud charges of any kind, you will need to mount a comprehensive defense as soon as possible.  Proving your innocence may be a complicated process requiring the acquisition of large amounts of records and a high degree of forensic accounting work.  Defense strategies are often times complex, and in many cases, because banks want to recover as much of their assets as possible, negotiations can be lengthy in reaching any type of an agreement that benefits the defendant.
Newell & Decker serves clients in Denver and nearby Colorado communities.

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