Identity Related Bank Fraud

Identity Related Bank Fraud

Bank fraud occurs when a person knowingly attempts to or succeeds in implementing a “scheme” or “artifice” designed to defraud a bank or some other financial institution. It may also involve someone knowingly using such a “scheme” to get any money, funds credit, assets, securities or other property that is either owned of controlled by a bank or other financial institution via false promises or representations.

If you are a university or college administrator, involved with K-12 education, or have teenagers of your own, these programs are for you. Contact the NTICAI to learn more.

It is usually prosecuted as a federal offense, since it comprises a wide range of behavior. Federal prosecutors utilize charges of bank fraud to bring suit for an array of offenses relating to banks and other financial institutions. Identity theft is one of the most common criminal acts prosecuted as bank fraud.

Different kinds of bank fraud may involve various types of identity theft. Electronic bank fraud can involve identity theft by intercepting online banking information or unauthorized wire transfers of money via a bank or other financial institution. Check fraud, which includes counterfeit checks, check kiting, and altering checks, is often used by organized crime gangs to take over large corporate accounts. International bank fraud is a combination of check fraud and offshore banking fraud, which may take the form of fake lottery or check payments.