New York bank fraud attorneys Russ Kofman and Arthur Lebedin explain the different types of bank fraud charges


New York Bank Fraud Lawyers Russ Kofman and Arthur Lebedin publish a new article ( explaining the different types of bank fraud charges in New York. Lawyers mention that bank fraud occurs when an individual or entity engages in a scheme to defraud a financial institution. This type of fraud can also occur when the person obtains money from a financial institution through false pretences, representations or promises.

“A material misrepresentation can take many forms. To be fraudulent, any misrepresentation must be related to the scheme. He must either help the accused commit the crime or convince an alleged victim to believe the accused. Federal bank fraud requires that a fraud scheme existed at the time the alleged crime occurred,” the article from the New York Bank Fraud Lawyers said.

Attorney Russ Kofman explains that a scheme refers to a course of action taken to deprive another person, business, or organization of property or money. The crime of bank fraud is where the other person, business or organization is a financial institution.

Defense attorney Arthur Lebedin also lists types of bank fraud charges in the article. The attorney says different types of bank fraud include bank impersonation, forgery, fraudulent loans, and internet fraud. Banking identity theft occurs when one or more people act as a financial institution by setting up fake companies or creating websites to trick people into depositing money.

In the article, the lawyers also explain the other types of bank fraud. Forgery, according to lawyers, occurs when someone alters a check, causing more money to be deposited in their account. It is also considered bank fraud if a person takes out a loan knowing that they will immediately default on the loan or file for bankruptcy.

According to the article, “Bank fraud convictions are punishable under federal law. The law allows bank fraud convictions to be sentenced to up to 30 years in prison and/or a maximum fine of $1 million. The severity of the penalty will vary depending on the facts of each case. Federal sentencing guidelines specify the amount of the sentence to be imposed depending on the value of the property or money involved, as well as other factors.

Finally, Attorney Kofman emphasizes the importance of having a qualified attorney when someone is accused of bank fraud. An experienced lawyer may be able to help the accused understand their rights and protect their liberty.

About Lebedin Kofman LLP

Russ Kofman and Arthur Lebedin are seasoned and aggressive litigators who handle cases in state and federal courts. Together they run the law firm Lebedin Kofman. They also handle civil rights cases. Attorney Kofman and Attorney Lebedin believe in their clients and work hard to defend their rights and help them achieve the best possible outcome for each of their cases. Call today to speak with an experienced attorney: (646) 663-4430.

Lebedin Kofman LLP

26 Broadway 3rd Floor, New York, NY 10004, USA

(646) 663-4430


For more information about Lebedin Kofman LLP, contact the company here:

Lebedin Kofman LLP
Arthur Lebedin
(646) 663-4430
26 Broadway 3rd Floor, New York, NY 10004, USA


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