Bank Fraud Lawyer in McAllen Texas
Bank Fraud can happen equally between a financial institution or a customer of that financial institution. Even though the state of Texas does not have a specific state law dedicated to bank fraud, these kinds of crimes can still be prosecuted under any one of a number of other statutes in the Texas Penal Code. If you suspect you are being investigated for bank fraud call the expert lawyer in McAllen Texas. We provide FREE and undisclosed consultation, CALL NOW (956) 313-9333.
Types of Bank Fraud by Individuals
-Wire Transfer Fraud: This type of fraud happens when scammers hack a bank account and then they wire money to themselves.
-Bill Discounting Fraud: When someone opens a business account and then starts charging bills from fake clients.
-Money Laundering: In this situation, people deposit money to their bank account that may come from illegal funds.
-Third-Degree Felony: Incidents involving cash, stocks, bonds, or anything that the state or federal government issues is considered third-degree. This crime may include up to one year in jail and up to $4,000 in fines.
-State Jail Felony: Anything involving a will, codicil, deed, deed of trust, mortgage, security instrument, security agreement, credit card, check, authorization to debit an account at a financial institution.
Types of Bank Fraud by an Institution
-Late fees: When a financial institution deliberately sets payment due dates on non-business days, causing payments to be processed on a later day in order to collect late fees and excess interest.
-Multiple charging: Charging customers more than once after a sale transaction.
-Not posting payments to customers’ accounts: When payments are not posted when received on time, which results in late fees and excess interest for the customer.
-Slamming: Making money transfers without the customer’s authorization.
-Hidden fees: When institutions undisclosed or concealed fees for maintaining accounts, balance transfers, cash advances, and other financial transactions.
-Unauthorized charges: charging credit card customers for products or services without the customer’s authorization.