Analysis

Shaw Ruling Gives Feds More Leeway In Bank Fraud Cases

Law360, New York (December 12, 2016, 7:13 PM EST) -- The U.S. Supreme Court made clear in its Shaw v. United States decision on Monday that the Bank Fraud Act can come into play even if a defendant did not target a bank when attempting to scam one of its customers, embracing prosecutors’ broad view of the statute that focuses on a bank’s ownership stake in customer accounts.

In a unanimous decision, the Supreme Court said that prosecutors merely have to prove that a defendant’s alleged fraudulent actions involved accounts controlled by a bank, even if the bank was not the intended target under both prongs of the bank fraud law, since the...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!