Clarifying Bank Fraud Law — What's At Stake In Shaw V. US
September 29, 2016, 12:23 PM EDT
Law360, New York (September 29, 2016, 12:23 PM EDT) -- Next week, for the second time in two years, the U.S. Supreme Court will hear argument in a case for the purpose of resolving a split in the circuits concerning the scope of the bank fraud statute — 18 U.S.C. §1344. The bank fraud statute makes it a federal crime to:
execute, or attemptto execute, a scheme or artifice —
(1) to defraud a financial institution; or
(2) to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the...