Because of the various jurisdictions that are involved and the sophistication of those types of cases, online fraud is a federal crime. Because they have the capacity to deal with sophisticated criminal issues that involve multiple states, the feds will usually get involved if anything involves computers and transmits things across state lines. The following is an overview given by our federal criminal defense attorneys.
If the crime is a wire fraud case, law enforcement will use specific tactics to determine what happened. Because some state governments and local police forces do not have the resources or time to follow up on and successfully prosecute certain sophisticated wire fraud cases, federal authorities get involved if it involves large amounts of money.
Wire fraud is a serious crime, and there are many federal-level wire fraud instances under 18 U.S.C. § 1343, far more than at the state level. It’s usually because to a higher degree of sophistication that it happens at the federal level rather than the state one. The Federal government also has greater manpower in terms of tracking these offenses and prosecuting them successfully compared to their counterparts in state governments.
What are some more examples of wire fraud?
Wire fraud is what the federal authorities are responsible for when money is illegally moved between bank accounts. For example, there are some traps on the Internet in which individuals are lured into spending money from their account and transferring it to the thief’s account.
Another technique is for criminals to use someone else’s bank account to clean money. The innocent person is given a check for around $5,000 from the criminal, they go through their bank account and withdraw it, making a little profit on the deal in exchange for giving up some of the cash.
Meanwhile, the money’s true owner, an unsuspecting victim, loses his or her funds. As a result of this transfer, wire fraud will be used to describe that behavior because money was sent from one location to another with criminal intent. Wire fraud may apply to anybody who was involved in the plan and knew what was going on.
Most wire fraud cases involve bank accounts being used to move money that is connected with a criminal enterprise. Drugs, online deception, or someone who works for a big corporation moving illicit funds from the company into their own account are all examples of organized crime. Wire fraud is one such case.