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Defending against accusations of wire fraud

On Behalf of | Jul 27, 2023 | Criminal Defense |

Wire fraud is a real threat, and it’s on the rise. The rapid advancement of technology has provided fraudsters with sophisticated tools to manipulate and deceive. As a consequence, the number of accusations related to wire fraud has also seen a rise. However, not all accusations of wire fraud may hold true.

Examples of wire fraud

In Kentucky, wire fraud involves deceptive schemes using interstate or foreign communication, like wire, radio or TV transmission. Here are five common wire fraud schemes you should watch out for:

  • Online auction fraud like when someone posts fake listings on online platforms
  • Investment scams often promise high returns that sound too good to be true
  • Fraudulent charitable organizations that solicit donation requests that seem shady
  • Phishing emails asking for personal information or login credentials
  • False romantic relationships requesting money under false pretenses

These are just examples. But wire fraud also covers any forms of communication, between parties in different states, with the intent to defraud.

Facing charges

Wire fraud charges can vary from misdemeanor to felony. The charges depend on the seriousness of the offense, the amount of money involved and the number of victims. Aggravating factors can lead to harsher penalties. For example, Kentucky’s specific laws on identity theft can lead to more severe punishments when combined with federal wire fraud statutes. The punishment may range from fines to up to 20 years in prison for felonies, and restitution may be required.

Your defense

If you face wire fraud charges, the prosecution will rely on evidence like emails, phone recordings, bank statements and witness testimonies to prove their case. Defense strategies like asserting insufficient evidence or lack of intent to commit fraud usually help. Defendants may argue that they communicated in good faith or acted out of ignorance or mistake. Note how important it is to show that the defendant has no control over the communications involved. The success of these defense strategies hinges on the strength of the evidence they will present.

Wire fraud is a federal crime that has severe punishment. Anyone accused of this crime has the right to defend themselves and go through a fair legal process. The blurred lines between genuine concerns and false allegations highlight the importance of thorough investigations and due process to determine the veracity of these claims.