Minneapolis Bank Fraud Attorney

Serving Minneapolis, Saint Paul and all of Minnesota.

Have you been charged with bank fraud in Minneapolis, St. Paul, or anywhere else in Minnesota? If so, your future is at stake and you need a defense team with proven experience by your side. The attorneys at Gaskins Bennett Birrell Schupp LLP are here to help if you are under investigation for any white collar crime, including bank fraud.  Call today to schedule a consultation and to find out your legal rights and options.

Bank fraud is a type of white collar crime, which involves defrauding a financial institution.  There are many different types of bank fraud, and the following are a few examples:

Check fraud encompasses a wide range of activity regarding the use, and misuse of checks.  One common form of check fraud is commonly referred to as check kiting, or “floating a check.”  In the case of check kiting, a person would write a check for a certain amount of money knowing that the funds were not available in the checking account at the time of writing the check. Another form of check fraud involves cashing or attempting to cash a check that is not intended for you.

Knowingly putting false information on a loan application is considered bank fraud.  Also, creating false documents to obtain a loan from a bank or other financial institution would be considered bank fraud.  Anytime a person fills out an application for a loan and does not use his or her own personal information with the intent of getting a loan it constitutes a fraudulent loan application.

Accounting fraud involves a company that knowingly manipulates financial data to show the company’s profit is more than it actually is.  This can include leaving certain transactions “off the books,” combining debts to make it look like there is less than there actually is, misrepresenting assets or liabilities.  A common method of accounting fraud is over-recording sales, which can be accomplished by shipping out items that have not been ordered by a company and recording it as a sale, while knowing the products will be returned.  Under recording expenses is another common accounting fraud strategy, which can be done by not recording all costs associated with selling expenses.  In this case,  inventory records may reflect more products than are actually in storage.

A common fraudulent act involving ATM cards is making a deposit with an empty envelope, and then withdrawing the cash from the ATM.  For example, if a person took and envelope to the ATM deposit, and said they were depositing $300, the bank would credit their account $300 and they could take the cash out; but in reality, the deposit envelope was empty, no money, no check.  This is a form of bank fraud.

If you are concerned about bank fraud charges, it is important to contact an attorney as soon as possible.  The attorneys at G|B|B|S are experienced in this type of case, and know what steps are needed to ensure your rights are protected.  Call today for a consultation regarding your case.