What is considered tax evasion?
October 15, 2019
What should I do if I receive a Target Letter?
October 17, 2019
Wire Fraud is a federal crime that carries a sentence of not more than 20 years’ imprisonment and fines of up to $250,000 for individuals and $500,000 for organizations. The statute of limitations to bring a charge is five years unless the wire fraud targeted a financial institution, in which case the statute of limitations is 10 years.
If the wire fraud is related to special circumstances, such as a providentially declared state of emergency or targets a financial institution, it can carry a prison sentence of up to 30 years and a fine of up to $1 million. A person need not have actually defrauded someone or personally sent a fraudulent communication to be convicted of wire fraud. It is sufficient to prove the intent to defraud or acting with knowledge of fraudulent communications being sent.
