Jun 4, 2025

Fraud Crimes/Wire Fraud

Understanding Wire Fraud

Definition of Wire Fraud

Wire fraud is a federal crime that involves the use of electronic communications or an interstate communications facility to carry out a scheme to defraud someone of money or property. This can include emails, phone calls, text messages, or any form of electronic communication.

Elements of Wire Fraud

• A scheme to defraud or obtain money or property by false pretenses
• Intent to defraud
• Use of interstate wire communications to further the scheme

Examples of Wire Fraud

Common examples of wire fraud include phishing emails, fraudulent investment schemes conducted over the phone or internet, and scams involving fake online auctions or sales.

Penalties for Wire Fraud

Wire fraud is punishable by up to 20 years in prison and significant fines. If the fraud affects a financial institution or is related to a federal disaster, the penalties can be even more severe.

Wire Fraud vs. Other Types of Fraud

What is the difference between wire fraud and fraud?

While fraud is a broad term that covers any act of deception intended for personal or financial gain, wire fraud specifically refers to fraud that is carried out using electronic communications or an interstate communications facility. The use of wires (such as phone lines or the internet) is what distinguishes wire fraud from other types of fraud, such as mail fraud or bank fraud.

Preventing Wire Fraud

To prevent wire fraud, individuals and organizations should be cautious when receiving unsolicited communications requesting personal or financial information, verify the identity of anyone requesting sensitive data, and use secure methods for financial transactions.

Fraud Crimes/Wire Fraud