Bank-Fraud Statute

Bank-Fraud Statute

Definition

A federal statute, 18 U.S.C. § 1344, making it a crime to knowingly execute or attempt to execute a scheme to defraud a financial institution insured by the Federal Deposit Insurance Corporation (FDIC), or to obtain money or other property from an FDIC-insured financial institution, using false or fraudulent pretenses, representations, or promises.

Get full access FREE

With a 7-day free trial membership
Here's why 816,000 law students have relied on our key terms:
  • A complete online legal dictionary of law terms and legal definitions
  • Over 7,900 key terms written in plain English to help you not only understand the law but master it
  • The premier online law dictionary built specifically for law students
  • Easy access in class or on the go, accessible both online and through the Quimbee mobile app
  • Reliable - written by legal professors and practitioners
  • Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan

Get full access FREE

With a 7-day free trial membership