Wire fraud

Wire fraud is a type of fraud that involves the use of some form of telecommunications or the internet. These can include a phone call, a fax, an email, a text, or social media messaging, among many other forms. Wire fraud is punishable by prison and/or fines.

The US Department of Justice Criminal Resource Manual Section 941.18 U.S.C. 1343 cites these as the key elements of wire fraud: “1) that the defendant voluntarily and intentionally devised or participated in a scheme to defraud another out of money; 2) that the defendant did so with the intent to defraud; 3) that it was reasonably foreseeable that interstate wire communications would be used; and 4) that interstate wire communications were in fact used.”

Wire fraud is a federal crime that carries a sentence of not more than 20 years’ imprisonment and fines of up to $250,000 for individuals and $500,000 for organizations. The statute of limitations to bring a charge is five years unless the wire fraud targeted a financial institution, in which case the statute of limitations is 10 years. If the wire fraud is related to special circumstances, such as a presidentially declared state of emergency or targets a financial institution, it can carry a prison sentence of up to 30 years and a fine of up to $1 million. A person need not have actually defrauded someone or personally sent a fraudulent communication to be convicted of wire fraud. It is sufficient to prove the intent to defraud or acting with knowledge of fraudulent communications being sent.

Not long ago, in order to perpetrate a scheme, fraudsters had to rely on the telephone and make hundreds of calls to try to hook a hapless, gullible retiree or lonely heart. The old-fashioned phone call is still employed as a means to contact prey, but today, with the awesome power of the internet to find potential victims, a fraudster’s work can be done online with a few fake postings of pictures, a tale of woe, and a promise of untold riches or everlasting love—and all of this can be written with bad grammar and spelling. If you get such messages or solicitations to send $10,000 to a stranger, delete them right away. Don’t become a victim of wire fraud.

A common example of wire fraud is the Nigerian prince scam. In this scam, the scammer sends an email claiming to be a Nigerian prince who is down on his luck in some way, usually exiled, and can’t access the fortune in his Nigerian bank account.

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