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What is involved in wire fraud?

On Behalf of | Aug 25, 2021 | Other Criminal Offenses

It is hard to definitively define wire fraud. There are many different techniques that people use to commit mail or wire fraud in South Carolina. However, the same types of wired technologies are used, and the same state or federal statutes are used to prosecute offenders.

What wire fraud includes

Wire fraud consists of fraudulent activities that occurred over wired connections. The types of devices and methods used to commit this fraud include:

  • Phone calls
  • Internet messages
  • Emails
  • Faxes
  • Texts
  • Radio
  • Television

Wire fraud constitutes a broad range of actions that include making false messages or recordings by wire, such as by radio, phone, computer or any electronic device, in order to commit financial fraud or identity theft. This kind of fraud occurs in any type of industry, whether it’s health care, banking, investment, et cetera.

In the past, wire fraud was mainly committed over the telephone. The phone has been replaced by the computer and the internet, and nowadays, it’s easier to defraud people using modern technology.

Punishment

Wire fraud is a white-collar crime that carries severe penalties, which vary from fines to imprisonment. A federal crime occurs when the fraud is committed outside of the country or across two or more states.

Wire fraud is never slowing down

Wire fraud is an attempt to defraud an individual or company through electronic devices. Many fraudsters have stolen tens of thousands up to millions of dollars under the disguise of the internet. However, many of them have been caught in their tracks. This white-collar crime is often prosecuted as a federal offense that carries severe consequences. It continues to be a threat to individuals, businesses and governments that try to conduct business legally.