Frequently Asked
Questions
What Are the Penalties for a Federal Bank Fraud Conviction?
Federal bank fraud under 18 U.S.C. § 1344 carries up to 30 years in prison and fines of up to $1 million. Courts also order restitution for financial losses caused by the offense. In large cases, fines may rise above $1 million based on the alleged gain from the fraud or the victim’s claimed loss.
The final sentence depends heavily on the loss amount under the federal sentencing guidelines. Prosecutors may also seek higher penalties for sophisticated planning, a leadership role, multiple victims, abuse of trust, identity theft, money laundering, wire fraud, or false loan statements.
A strong defense must challenge the government’s evidence from the start. Matthew Cohan represents individuals and businesses facing federal bank fraud charges in New York and New Jersey.
Yes. We represent individuals and entities in SEC enforcement actions and FINRA investigations, often running parallel to potential criminal investigations.
Learn moreA federal tax evasion conviction under 26 U.S.C. § 7201 carries up to five years in prison per count. Individuals generally face fines of up to $250,000 under the federal fine statute, with higher amounts possible under its gain-or-loss provisions. Tax loss and other sentencing factors affect the outcome. A conviction also risks consequences for employment, professional licenses, and immigration status.
Learn moreYes. Innocent people can still face legal risks. A lawyer protects your rights, ensures evidence is handled properly, and prevents misunderstandings or misstatements that could harm your case.
Learn moreStill Have Questions?
Every case is unique. The best way to get answers specific to your situation is to speak directly with an attorney.
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