Bank Fraud Attorneys: Cases Involving Financial Fraud

What is bank fraud?

Bank fraud is a severe crime that results in high fines and lengthy jail sentences for those convicted. Bank fraud is not limited to bank executives, mortgage lenders and corporate professionals; any person who conveys fraudulent means to secure a loan or acquire funds from a bank can be accused of bank fraud.

Those accused of bank fraud should seek legal representation from a competent and experienced Florida white collar criminal litigation law firm. At Patino & Associates, our award-winning attorneys have worked as federal prosecutors, giving us discernment and know-how in this area of practice. Our criminal litigation department has successfully represented individuals in bank fraud and other white collar criminal cases.

Bank Fraud is defined as a criminal act in 18 U.S.C. section 1344. The relevant federal law states that:

“Whoever knowingly executes, or attempts to execute, a scheme or artifice—

  1. to defraud a financial institution; or
  2. to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises; shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.”

Individuals may face a million dollar fine and more than 30 years of possible prison time. It is crucial that anyone under investigation for bank fraud recognize how to effectively navigate the criminal justice system.

There has been a clampdown in bank fraud cases due to the the economic destruction caused by devious banking practices leading up to the 2008 financial downfall. The public and prosecutors have taken a firm position in prosecuting individuals and bank executives in all forms of bank fraud crimes. Because these cases can be filed on both the federal and state level, the proceedings can be drawn out and complex in nature.

Patino & Associates successfully litigated one of the first online bank fraud cases in the country. Our client, the Operations Manager for Ahlo Inc., learned that $90,000 had been illegally transferred from his corporate bank account to an unauthorized account located at Parex Bank in Riga, Latvia while watching for an expected wire transfer.

Ahlo was the unwitting victim on an online “phishing” or “Trojan horse” scheme, after an Internet cyber scammer imbedded a keystroke logging malware software program known as coreflood on his computer for the purpose of gaining access to the confidential user name and password for his corporate bank account. The Bank originally refused to return the funds following Mr. Lopez’s appeals for help. He then went to the Miami area personal injury and bank fraud law firm of Patino & Associates, which was able to resolve the case successfully after filing a lawsuit in Miami Dade Circuit Court.

Call Patino & Associates at 305-443-6163 or contact us online if you or someone you know has been the victim of consumer or corporate bank fraud. Our proficient bank fraud attorneys can help you in matters pertaining to:

  • Automated teller machine (ATM) withdrawals
  • Debit card transactions
  • Excessive late fees
  • Hidden bank fees
  • Identity theft
  • Illegal transfers
  • Improper lending practices
  • Internet / online bank fraud
  • Overcharges
  • Phishing and spoofing
  • Senior citizen bank scams
  • Telephone-based funds transfers
  • Theft by bank employees
  • Unauthorized wire transfers

For a free consultation call us at 305-443-6163.

If your case is accepted you are not required to pay any attorney fees or expenses upfront unless the case is resolved in your favor.

Patino & Associates offers Attorney Referral programs consistent with the Florida Bar regulations. Call our office at 305-443-6163 or complete our Attorney Referral form for more information.
We look forward to hearing from you and urge you to contact our law offices today!