How is wire fraud committed?

Wire fraud is a white collar crime that is committed when a person or group of people use telecommunications to gain or attempt to gain money or property from an individual or company. It is commonly committed when a person or group of people use computers, cell phones, emails, or other electronic devices and networks to deceive victims into providing them with confidential or financial information, such as credit card numbers or bank account numbers. One example of wire fraud is when a person sends an email posing as another person or organization in order to gain access to financial information or to otherwise deceive their victim. Another example of wire fraud is when a person calls another person and claims to be from a particular bank or other financial institution. The caller may ask for personal information in order to gain access to a bank account or other funds. Wire fraud can be detected by federal, state, or local law enforcement. It is a serious felony crime, and those convicted can face up to 20 years in prison and a fine of up to $250,000. In California, wire fraud is considered a federal crime, and investigators may use wiretaps or other surveillance techniques to detect and prevent the crime. In addition, victims of wire fraud may be able to sue the perpetrator for monetary damages.

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How is wire fraud committed?

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