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Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution.[1] In many instances, bank fraud is a criminal offence.
While the specific elements of particular banking fraud laws vary depending on jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime.[2]
^"Newsbank - The Sacramento Bee & Sacbee.com". Archived from the original on January 11, 2012.
Bankfraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money...
particular categories of victims or misconduct (e.g., bankfraud, insurance fraud, forgery). The elements of fraud as a crime similarly vary. The requisite elements...
National BankFraud Case relates to fraudulent letter of undertaking worth ₹12,000 crore (US$1.4 billion) issued by the Punjab National Bank at its Brady...
branch to State Bank of India after the branch was involved in a fraud scandal. That same year, 1986, PNB acquired Hindustan Commercial Bank (est. 1943) in...
fraud, embezzlement and breach of contract in August 2018. Modi is being investigated as a part of the $2 billion fraud case of Punjab National Bank (PNB)...
Moldovan banks: Banca de Economii, Unibank and Banca Socială. This bankfraud in Moldova was a coordinated effort involving all three banks working together...
Choksi has been issued in connection with the alleged Punjab National Bankfraud case. He was allegedly involved in stock market manipulation in 2013....
Shipyard fraud case". The Economic Times. Retrieved 15 February 2022. Ohri, Raghav. "CBI to probe role of 'public servants' in ABG Shipyard bankfraud case"...
Sabha for five terms. Sambasiva Rao is the prime accused in transstroy bankfraud case to the tune of 7926Cr Rupees. According to the chargesheet filed...
friendly fraud occurs. In recent years, a new variant of friendly fraud, involving bank transfers as opposed to credit card payments, has been documented...
court with a four-count grand jury indictment for securities fraud, wire fraud, bankfraud, and conspiracy. Javice grew up in Westchester County, New York...
dollars. The swindle is considered one of the most significant cases of bankfraud in US history. He has been a fugitive from justice ever since, and is...
(see below). LeRoy Schweitzer was convicted of conspiracy, bankfraud, mail fraud, wire fraud, false claims to the IRS, interstate transportation of stolen...
federal or state court, and are typically charged under wire fraud, bankfraud, mail fraud, or money laundering statutes, with penalties of imprisonment...
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities...
Chrisley were found guilty on federal charges of bankfraud and tax evasion and submitting false documents to banks to take out loans and fund their lavish lifestyle...
unauthorised financial fraud losses across payment cards and remote banking totalled £844.8 million in the United Kingdom. Whereas banks and card companies...
banks in their jurisdiction, to prevent bank runs, and in some cases also to enforce policies on financial consumer protection and against bankfraud...
indictment against Allen Onyema, on the grounds of money laundering and bankfraud. Onyema was accused of falsifying documents used for the purchase of airplanes...
The Dubai Islamic Bank (DIB) fraud case was a case originally brought in 2008 that involved the alleged embezzlement of 1.8 billion Dirhams (approximately...
Cheque fraud (Commonwealth English), or check fraud (American English), refers to a category of criminal acts that involve making the unlawful use of cheques...
(including operative members of the Trump family) engaged in financial fraud by presenting vastly disparate property values to potential lenders and...
years in prison in June 2017 for money laundering, fraud and breach of trust, in relation to the banks, Shor who was under house arrest pending an appeal...
Peace founder and CEO Allen Onyema on the grounds of money laundering and bankfraud. Onyema was accused of falsifying documents used for the purchase of aircraft...
Shuddhi. It was closed following Punjab National BankFraud more commonly known as Nirav Modi Fraud. The company was listed on Bombay Stock Exchange with...
Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect...
2013). "Builder in gramya bankfraud - Times of India". The Times of India. Retrieved 31 May 2018. "Builder Kanungo in BankFraud". The Times of India. 24...
tax evasion, hostile possession, forgery, threatening public officials, bankfraud, and traffic violations. Two of the most important crackdowns by U.S....
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