What is bank fraud?

Bank fraud is a type of white collar crime in Kansas that involves intentionally defrauding a financial institution such as a bank. It involves illegally obtaining funds or other assets from a financial institution by deception, typically through the use of false pretenses. Bank fraud includes any type of conduct that attempts to deceive, manipulate, or mislead the bank in question. Examples of bank fraud include: creating false identities to obtain loans or credit cards, forging checks or bank documents, or using stolen bank accounts or credit card numbers to make unauthorized purchases. Bank fraud can also include money laundering and other financial activities intended to hide and conceal the true source of the money. Bank fraud can be conducted in person, over the phone, or by internet and email. Bank fraud is a serious criminal offense that can carry substantial penalties such as hefty fines or jail time.

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What is bank fraud?

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