Russ Kofman, a New York City bank fraud lawyer, has recently released a comprehensive article detailing the complexities of bank fraud under federal law, specifically focusing on how these issues pertain to New York State. The article serves as an essential guide for understanding the legalities and ramifications of bank fraud charges, highlighting the importance of informed legal defense in such serious matters.
Bank fraud, as explained by the seasoned attorney, is defined under 18 USC §1344 and encompasses any act where an individual or entity knowingly executes a plan to defraud a financial institution or to secure money under false pretenses. Bank fraud lawyer Russ Kofman emphasizes that bank fraud is not limited to outright theft or embezzlement but includes a range of deceptive practices such as forgery, fraudulent loans, and internet fraud.
Through the comprehensive lens of a bank fraud lawyer, Kofman elucidates the federal criteria for prosecuting bank fraud cases. He outlines that the prosecution bears the burden of proving the existence of a fraudulent scheme, the defendant's knowing execution of the scheme, the intent to defraud, and the involvement of a materially false representation or promise. These components form the crux of the legal battle surrounding bank fraud allegations.
The article also sheds light on the various types of bank fraud charges, including bank impersonation and internet fraud, and the severe consequences accompanying a conviction. According to Kofman, penalties for bank fraud are severe under federal law, with the possibility of substantial fines and lengthy prison sentences, emphasizing the gravity of securing a robust defense strategy.
Russ Kofman's insights into the punitive landscape of bank fraud convictions reveal the statute's allowance for sentences of up to 30 years in prison, with fines that could reach a million dollars, depending on the severity of the offense. The bank fraud lawyer's discussion extends to other related federal statutes such as RICO and the Patriot Act, which can further complicate matters and potentially heighten the severity of sentencing for defendants.
For those accused of bank fraud in New York, the article serves as a critical reminder of the importance of obtaining experienced legal representation. The consequences of a conviction extend beyond immediate penalties and can result in long-term impacts such as career decimation and, for non-citizens, the threat of deportation.
Individuals facing such charges are urged to consider the benefits of a legal consultation. Legal representation can help navigate the complexities of the justice system and work towards protecting the rights and freedom of the accused.
Lebedin Kofman LLP, the law firm where Kofman practices, has a track record of diligently representing clients in criminal defense, including bank fraud cases. The firm's commitment to their clients' defense is evident throughout their work, as they provide knowledgeable guidance and advocacy in the face of challenging legal circumstances.
For those interested in further understanding bank fraud, its implications, and the defense against such charges, reading the full article by Russ Kofman is highly recommended.
About Lebedin Kofman LLP:
Lebedin Kofman LLP is a New York City-based law firm offering a range of legal services with a focus on criminal defense, including bank fraud and other financial crimes. The firm is led by Russ Kofman and Arthur Lebedin, attorneys with a commitment to providing aggressive representation and personalized attention to each client's case. Their approach to legal defense is marked by thorough preparation, strategic planning, and a deep understanding of the law, ensuring that clients' rights are vigorously defended in court.
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