Bank Fraud

Many people do not know that the charge of bank fraud carries one of the highest penalties of any federal crime – 30 years imprisonment pursuant to Title 18, United States Code, Section 1344. While the maximum sentence is unusually high, the actual length of sentences in bank fraud cases is driven by “loss amounts” calculated under the federal sentencing guidelines. Those who find themselves in a bank fraud investigation or prosecution need expert representation by someone like Michael who knows the statute well and the guidelines that govern it.