High Court To Consider Scope Of Bank Fraud Statute

Law360, New York (December 13, 2013, 5:13 PM EST) -- The U.S. Supreme Court agreed Friday to hear Loughrin v. U.S., a case that could limit the government’s ability to bring bank fraud charges against defendants who have not directly defrauded a financial institution.

The ruling marked a setback for the U.S. Department of Justice, which had argued the issue arose too infrequently to warrant the court’s involvement. Attorneys for the defendant, a Utah man who allegedly stole checks from mailboxes and used them to purchase items at Target, have portrayed the appeal as a chance...
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