High Court Bank Fraud Case Hinges On Account Ownership

By Evan Weinberger (October 3, 2016, 6:40 PM EDT) -- The U.S. Supreme Court is set to hear arguments Tuesday in a case that could make it more difficult for federal prosecutors to bring some bank fraud cases, and may also help determine whether banks are legally owners of customer deposits once they are made.

The case, Shaw v. United States, centers on the question of whether prosecutors were correct to bring claims under the prong of the 1984 Bank Fraud Act requiring that they prove that an alleged criminal intended to defraud a bank when going after a depositor's account. One of the key questions to be answered is which...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!