Wire fraud schemes are serious crimes. At times, federal authorities become involved in these cases. The maximum penalty for a criminal charge involving wire fraud could land you in prison for 20 years. If it involves defrauding a financial institution, you could spend the next 30 years of your life imprisoned. Philadelphia wire fraud lawyers understand the laws pertaining to these serious crimes and will work hard to build a defense that can help you get the best outcome for your case.
We are proud of the legal representation that we offer to clients who are accused of federal or state crimes related to illegal wire transfers, fraud surrounding transferring of money, and crimes that may be related to wire fraud, including computer crimes, identity theft, and bank fraud. At Amato Sanita Law Offices, we promise to offer our clients the best defense possible and provide them with the care and compassion they need as they prepare for their days in court.
How Wire Transfer Scams Work
Many scams fall under the umbrella of wire transfer crimes. The main goal is to get an individual to wire you money by false promises, misleading or false statements, or material omissions. Online auction sites like eBay connect buyers and sellers from all around the world. Clients usually use a service like PayPal to transfer money from one account to another account. Wire transfers can also be used for this purpose and are often favored when large sums of money are involved. When used in this way, these transfers of money are completely legitimate.
There are several ways that individuals carry out wire transfer schemes. A shill auction involves a seller listing an item and requiring the buyer to pay via a wire transfer. After the money has been wired to the seller, the seller keeps the money but never sends the item to the buyer.
Another scheme is for a buyer to overpay an item using a check or money order. The buyer will get in contact with the seller and ask them to send the excess money back to them. The seller will do this via a wire transfer. This happens immediately, so the buyer has that money. But the check or money order they promised to send is fraudulent.
Using a fake wire transfer service in order to get access to an individual’s bank account is common as well. A seller will send an email that requests payment for a product via a wire transfer service that is fake. What they really want is the bank account information of the buyer. Then they are able to access the money in their account. Of course, the buyer never receives the item they wanted.
How Philadelphia Wire Fraud Lawyers Can Help You
It is important for anyone who has been indicted or is under investigation to contact us. You must be proactive when it comes to understanding the charges against you and determining the best way to respond.
Individuals who are accused off wire transfer schemes are often accused of other crimes at the same time. If you have used a wire transfer scheme in order to get information about someone’s finances or their identity, you could also be dealing with identity theft charges. Wire transfer schemes against financial institutions carry even heavier punishments.
Your entire future is on the line. Spending 20 or more years in prison could completely change your life. At Amato Sanita Law Offices, we are going to build a defense strategy that will give you the best outcome for your case possible. We will put up a hard fight in order to protect you.