What is a Fraudulent Offense?
A fraudulent offense is any intentional deception with the purpose of causing harm to another individual or entity for mere personal gain. The vast majority of fraud crimes are economic, and the penalties vary depending on the specific offense, the charges, the amount allegedly obtained through the fraud, the background of the defendant, and who the crime was committed against.
Some fraud crimes include but are not limited to:
White Collar Crimes
White collar crimes are typically committed by professionals or individuals with an educated background, such as managers and executives, or other individuals with high-profile positions, such as politicians. These are often committed for monetary gain and involve stealing money or creating fraudulent documents. Some common white collar crimes include bank fraud, forgery, theft, bribery, blackmail, embezzlement, insider trading, money laundering, tax evasion, and insurance fraud.
A bank fraud occurs when an individual uses fraudulent representation or falsification to obtain assets held by a bank or financial institution. Some of the forms associated with bank fraud include but are not limited to: bank impersonation, stolen or altered checks, uninsured deposits, fraudulent loan applications, fraudulent documents, wire transfer fraud, money laundering, and forging check signatures.
A mortgage fraud occurs when an individual omits or misrepresents information on a mortgage loan application. The motives for a mortgage fraud vary, but one of the most common consists of obtaining a larger loan than the one an individual would have obtained had they presented truthful documentation. In the federal courts, mortgage fraud may be prosecuted as a bank fraud, money laundering, or mail fraud.
This fraud involves any allegedly false statement made to obtain medical assistance from the government. A Medicare/Medicaid fraud can range from filling out an application with false information, doctors allegedly providing services that are not needed, and healthcare providers providing false documentation. Individuals accused of this type of fraud need to take into consideration that malpractice insurance will never cover a criminal charge such as a Medicare/Medicaid fraud. The penalties for this type of fraud include not only harsh, lengthy prison sentences, but may also result in having a healthcare or medical license revoked.
Texas Board Certified Criminal Defense Attorney Defending Fraud Crimes
If you or someone you know is facing a charge for these or any other fraud crimes, contact Brent Mayr today. He has defended people across the state of Texas. When charged with any federal crime, you need an excellent defense attorney such as Brent Mayr on your side, working for you immediately.