What Is Wire Fraud
Wire fraud is a serious federal offense defined under 18 U.S.C. § 1343, which makes it illegal to devise or intend to devise any scheme to defraud, and to execute or attempt to execute that scheme using interstate wire communications.
This includes phone calls, emails, text messages, faxes, or any form of electronic communication.
Unlike traditional fraud, wire fraud relies on digital and electronic channels, making it a versatile tool for modern criminals—and a top priority for federal prosecutors.
Facing Federal Wire Fraud Charges?
If you’ve been charged with wire fraud, the stakes are high. Federal prosecutors have a conviction rate of over 90%, and the sentences can be severe. The government’s resources are vast, and they don’t play fair.
How White Collar Advisory Group Can Help You
That’s where White Collar Advisory Group comes in. We prepare criminal defendants in dealing with the federal court system and while attorneys focuses on courtroom strategy, we focus on protecting your future by preparing you for the realities of federal prosecution and prison life.
Our services go beyond legal defense—we focus on what comes next:
- Sentencing Preparation: Learn how to present yourself effectively to mitigate sentencing outcomes, including strategies for the Presentence Investigation Report (PSR).
- Prison Consulting: Guidance on navigating the federal prison system, from security classifications to daily survival strategies.
- Sentence Reduction Strategies: Advice on qualifying for programs like RDAP, compassionate release, and sentence mitigation tactics.
- Post-Conviction Support: Assistance with halfway house placement, supervised release, and reentry strategies after prison.
We’ve helped countless clients navigate the federal system, and we’re ready to help you.
Contact Us Now
📧 Email: help@whitecollaradvisorygroup.com
📞 Phone: 480-745-2000`
Self Help Books by Larry Levine
 |
 |
How Federal Authorities Investigate Wire Fraud
Wire fraud investigations are typically handled by federal agencies such as the FBI, the Secret Service, and the IRS CID-Criminal Investigation Division. Given the electronic nature of the crime, these cases often involve sophisticated technology and cyber forensics.
Key Components of Federal Investigations:
- Subpoenas for Digital Records: Including emails, phone logs, IP addresses, and transaction histories.
- Electronic Surveillance: Monitoring communication channels for evidence of fraud.
- Forensic Data Analysis: Tracing digital footprints, encrypted messages, and hidden online activities.
- Financial Tracking: Following the flow of money through bank accounts and cryptocurrency platforms.
- Witness Interviews: Including victims, co-conspirators, and tech experts.
Federal prosecutors rely heavily on digital evidence, financial records, and electronic communication logs to prove fraudulent intent.
Federal Sentencing Penalties for Wire Fraud
Wire fraud carries harsh penalties under 18 U.S.C. § 1343, with sentencing influenced by factors like the amount of financial loss and the number of victims involved.
Maximum Penalties Include:
- Up to 20 years in federal prison per count.
- Fines up to $250,000 (or twice the gain/loss amount).
- Mandatory restitution to victims.
Sentencing Enhancements Apply If:
- The fraud involved a federal disaster or affected a financial institution (increasing the max sentence to 30 years).
- The crime caused substantial financial hardship to multiple victims.
- The scheme involved sophisticated means or international elements.
Federal sentencing follows the U.S. Sentencing Guidelines, which consider the financial loss, the defendant’s role, and any aggravating factors.
Common Types of Wire Fraud Include:
- Business Email Compromise (BEC): Hacking or spoofing business emails to trick employees into transferring funds.
- Phishing Scams: Fraudulent emails or messages designed to steal personal or financial information.
- Investment Fraud: Using electronic communication to promote fake investment opportunities.
- Romance Scams: Building online relationships to manipulate victims into sending money.
- Online Auction and Retail Fraud: Selling non-existent items through online platforms.
Common Defense Strategies for Wire Fraud Charges
Even with aggressive federal prosecution, several defense strategies can be effective against wire fraud charges:
- Lack of Intent: Proving that the defendant didn’t knowingly commit fraud.
- Mistaken Identity: Particularly in cases involving complex cyber schemes.
- Insufficient Evidence: Challenging the credibility of digital evidence or the paper trail.
- Good Faith Defense: Demonstrating that the defendant acted without fraudulent intent.
- Entrapment: Arguing that government agents induced the defendant to commit the crime.
The key to a strong defense is early intervention, meticulous case review, and strategic planning.
Frequently Asked Questions About Wire Fraud
What’s the difference between wire fraud and mail fraud?
Wire fraud involves electronic communications like emails or phone calls, while mail fraud uses postal services to commit fraud.
Can I be charged with wire fraud even if no money was stolen?
Yes. Attempting to commit wire fraud is a crime punishable by up to 20 years in prison.
Is wire fraud always a federal crime?
Yes. Because it involves interstate or international communications, wire fraud falls under federal jurisdiction.
Does cooperating with federal prosecutors reduce my sentence?
Possibly. Cooperation can lead to a reduced sentence, but it carries legal risks. Consult with an experienced attorney first.