Federal authorities say that a group of 14 defendants outwitted a sophisticated global bank to take more than $1 million. The case will probably involve conspiracy charges because the 14 people worked together to pull off the heist.
The federal government expends significant resources investigating and prosecuting cases involving housing industry crime. Anyone thought to be involved in a scheme to defraud a bank or other party to a mortgage may find themselves charged in federal court. A person accused of mortgage fraud, bank fraud or real estate fraud faces severe penalties if convicted.
Being accused of being involved in a major bank fraud scheme can result in a person facing severe consequences. Such accusations can lead to a person facing numerous criminal charges. A person can receive harsh criminal penalties if they are convicted of these types of charges. These penalties could include a large jail sentence.
Authorities can be very aggressive in their pursuit of fraud-related crimes. A lot media attention in Florida is given to the enforcement of real estate and health care fraud, because these are crimes that are seen as being particularly prevalent in this region.