8.125 Bank Fraud-Scheme to Defraud Bank (18 U.S.C. Sec. 1344) is a federal crime that involves a plan or scheme to defraud a financial institution. This type of fraud includes any attempt to obtain money or property from a bank or other financial institution through false pretenses, misrepresentation, or deception. The penalties for this offense can range from a fine to a prison sentence of up to 30 years. The types of 8.125 Bank Fraud-Scheme to Defraud Bank (18 U.S.C. Sec. 1344) include check kiting, mortgage fraud, loan fraud, money laundering, identity theft, and other forms of fraud. Check kiting involves depositing a check for more money than is in the account and then withdrawing the money before the check is returned for insufficient funds. Mortgage fraud is when a person falsifies information to get a loan or a mortgage. Loan fraud is when someone applies for a loan using false information or deceptive practices. Money laundering is the process of disguising the source of illegally obtained money. Identity theft is when someone steals another person’s identity to commit fraud. Lastly, other forms of fraud can include creating fake accounts and transferring funds to them, using a stolen credit card, and forging documents.