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Penalties You Could Face If Convicted of Mail or Wire Fraud Prison sentence of up to 20 years. Fines up to $250,000.
An example of honest services fraud would include a mayor, an offender, who accepted a bribe from a building contractor in exchange for awarding the building contractor a city contract over competing contractor bids.
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical or electronic mail system to defraud another, and are U.S. federal crimes. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or international borders.
Wire fraud is a federal crime, and a conviction is very serious. You could spend up to 20 years in federal prison and owe $250,000 if you're found guilty of wire fraud. The penalty is even steeper for crimes against financial institutions: You could be imprisoned for 30 years and owe as much as $1 million in fines.
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical or electronic mail system to defraud another, and are U.S. federal crimes. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or international borders.
The statutory structure enables prosecutors to obtain multiple count indictments of mail fraud, bringing penalties of $1,000 or 5 years in jail upon conviction. However, the penalties for two or more counts of mail fraud involving racketeering can involve a 20-year prison sentence or a fine of $25,000.
This can include sending false information in order to obtain money or property, or sending threats to harm another person. Wire fraud is punishable by up to 20 years in prison, and can result in a fine of up to $250,000.
"Intent to defraud" means to act knowingly and with a specific intent to deceive for the purpose of depriving another of the intangible right of honest services.