8.127 Bank Fraud-Scheme to Defraud by False Promises (18 U.S.C. Sec. 1344(2)) is a type of fraud wherein an individual or group of individuals use false or deceptive promises to defraud a bank or financial institution of its funds. This type of fraud is punishable under the United States Code in Title 18, Section 1344. The most common type of 8.127 Bank Fraud-Scheme to Defraud by False Promises (18 U.S.C. Sec. 1344(2)) is when an individual or group of individuals makes false or misleading statements in an attempt to obtain money or property from a financial institution. This could include promises of payment or returns that cannot be fulfilled or statements of future performance that are not true. Other types of fraud that fall under this category include check forgery, credit card fraud, and identity theft. In some cases, this type of fraud may also involve creating false documents that appear to be from a legitimate bank or financial institution. In the United States, 8.127 Bank Fraud-Scheme to Defraud by False Promises (18 U.S.C. Sec. 1344(2)) is a federal crime and can be punished by up to 30 years in prison and a fine of up to $1 million. Those found guilty of this type of fraud may also be subject to forfeiture of any assets or proceeds gained from the fraudulent activity.