Facing criminal charges can be an incredibly overwhelming and often nerve-wracking experience. However, when the charges against you involve federal fraud offenses, these matters can grow even more intense. As such, if you have been charged with federal wire fraud in Oklahoma, understanding what this crime entails and the consequences you can face if you are convicted is critical. If this represents your circumstances, the following blog and an Oklahoma City federal crime lawyer can help explore your rights during this difficult matter.

What Is Wire Fraud?

Wire fraud is a criminal offense that involves using electronic forms of communication to defraud someone. The primary objective of this crime is to obtain money or property through fraudulent means for financial gain. As a rule of thumb, any attempt to commit fraud using electronic interstate wires or facilities to communicate, such as text messages, phone calls, emails, faxes, or even radio transmissions, warrants a wire fraud charge.

In order to be charged with this offense, the prosecution must not only show that you intended to commit fraud and used interstate wires to do so, but they must also prove that you had a plan to scheme that involved a false statement or commission of a material fact.

Generally, common examples of this offense include, but are not limited to, the following:

  • Phishing scams
  • Embezzlments
  • Online auction fraud
  • Impersonating vendors
  • Employment schemes
  • Lottery fraud
  • Identity theft

What Penalties Can I Face if Convicted?

Wire fraud is a serious criminal offense, manifesting in a federal felony charge. As such, you’ll find that the penalties for this crime can be intense. If you are convicted, you can face up to 20 years in federal prison and a fine of $250,000 or twice the financial gain you received, whichever is higher. In the event that you utilized wire fraud to capitalize on a federally declared disaster or a financial institution, the penalties increase to 30 years in federal prison and up to $1,000,000 in fines.

You should also note that often, those charged with this crime face multiple counts of wire fraud, as well as other criminal offenses. For example, if you use interstate wires to purchase vehicles with stolen identities, you will face additional identity theft charges. Often, those charged with this offense face additional charges of extortion and fraud, which carry additional incarceration time and penalties.

As you can see, wire fraud is not an offense that should be taken lightly in Oklahoma. If you are facing charges, it is imperative to connect with an experienced federal crimes defense attorney with the Jones Firm PLLC as soon as possible. Our team understands the severity of these charges, which is why we will do everything in our power to help you fight for the best possible outcome. Do not hesitate to contact our dedicated team today to learn how we can fight for you.