Bank Fraud Conspiracy

The U.S. Bank Fraud Statute, Title 18 U.S. Code section 1344, prohibits defrauding federal financial institutions of any money, securities or property. Attempting to commit fraud or conspiring to commit fraud against a federal financial institution carries the same penalty as bank fraud.
Bank fraud and bank fraud conspiracy can be alleged against individuals working within a financial institution or against non-employees. Among the institutions protected by the statute are those chartered under the laws of the United States or insured by the Federal Deposit Insurance Corporation (FDIC), or the National Credit Union Administration. Federally backed mortgage loan companies are included.