Orlando Bank Fraud Lawyer

Hiring an Orlando bank fraud lawyer is crucial for anyone facing bank fraud charges. Bank fraud is a serious federal offense that results in severe penalties, such as fines, restitution, probation, and prison time. The O’Mara Law Group helps individuals learn the different types of fraud charges, understand the severity of penalties, and work toward the best possible outcome for their fraud case in Florida.

Written and edited by our team of expert legal content writers and reviewed and approved by Attorney Mark O’Mara

Content last updated on: September 26, 2023

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Financial institution fraud is an umbrella term for various illegal acts of fraud or embezzlement occurring within or against any financial institution. For example, bank fraud involves intentional deception designed to elicit financial gain at the expense of another person. Banks will do almost anything to protect their assets and can use them to pressure officials into aggressively pursuing fraud charges.

While many law groups cannot match the state’s unlimited resources, the O’Mara Law Group’s passion for your defense fills the gap. Our knowledgeable and skilled team can help you through this process. After a conversation with you to determine your needs and goals, we work hard to prepare a strong defense. We do not relent until we obtain the best possible result under the circumstances. We never settle for good enough, especially when your freedom and reputation are at risk.

Hire a Skilled Bank Fraud Lawyer to Fight for You

At the O’Mara Law Group, we will fight for your rights. Led by Mark M. O’Mara, you will be represented by a highly respected criminal lawyer renowned for his fearlessness in taking on big, controversial cases.

Glowing reviews reflect O’Mara’s unparalleled client satisfaction. Clients rave about his professionalism, knowledge, and dedication to achieving the best possible outcome for their cases. You can expect top-notch legal representation with his team of experienced attorneys, including those named Super Lawyers and Top 100 Trial Lawyers. Whether you need a tax fraud lawyer or an embezzlement lawyer in Orlando, the O’Mara Law Group is ready to fight for you.

If you are facing the possibility of bank fraud charges in Orlando, contact the O’Mara Law Group for experienced, skilled, and vigorous representation.

Possible Penalties for Bank Fraud in Florida

Bank fraud is a serious offense in Florida, and it is considered a type of financial crime, along with wire fraud and securities fraud. Anyone found guilty of this crime faces a range of penalties, including:

The severity of these penalties will depend on several factors, including:

Fines are a common penalty with a conviction. Typically, the defendant must pay a hefty fine, ranging from a few thousand dollars to millions. The fine amount depends on the nature and severity of the damages involved in the offense.

Usually, the courts will also order the defendant to pay restitution to the financial institution and its customers for losses. Restitution compensates these individuals and entities for damages resulting from the crime.

Another potential penalty is probation. Once someone has been placed on probation, they must comply with certain court conditions and terms. That may involve the following:

Any violations of these terms may result in the revocation of probation, leading to imprisonment.

Finally, prison time is always a concern for those accused of bank fraud. In the most serious cases, such as loan fraud and conspiracy, the defendant faces up to 30 years in federal prison, substantial fines, and other penalties. Working with an experienced and skilled Orlando fraud attorney may help reduce the possibility of facing these consequences.

Is There Jail Time for Bank Fraud in Florida?

If convicted of bank fraud, serving time in jail is possible. Prosecutors classify these crimes as serious offenses and may seek severe consequences, such as imprisonment.

The penalties for a conviction are higher if the fraud involves a significant amount of money. As each case has unique circumstances, the consequences of a conviction differ from one defendant to another.

Bank Fraud Charges Can Be Serious

Any bank fraud charge has the potential to be very serious, leading to life-changing consequences. Along with the criminal penalties, these charges impact the defendant’s reputation and professional life. Sometimes, these individuals cannot find future employment and lose access to certain financial services, such as credit cards and loans. A conviction can even lead to a loss of certain legal rights.

Is Bank Fraud a Felony in Florida?

Generally, bank fraud is considered a felony in the state. Florida Statute 817. 16 outlines the state’s specific penalties for bank fraud. The penalties for a conviction will vary depending on the value of the assets or properties gained from the fraudulent activities. The higher the number of assets fraudulently attained, the more stringent the penalties in the case. Prosecutors will not back down from these charges, as they want to seek the harshest consequences under the law.

Is Bank Fraud a Federal Crime?

Yes, these crimes are considered felonies under federal law. According to the Federal Bureau of Investigation, bank fraud is a white-collar financial crime. With federally protected financial institutions as the common target of these crimes, any criminal charges will follow federal statutes. Since the offense is a federal felony, it carries more severe penalties, including hefty fines and decades in federal prison.

According to federal law, bank fraud is punishable by up to:

Also, if the crimes resulted in financial losses to the bank or its customers, the defendant may have to pay restitution to those victims.

Possible Resolutions for Bank Fraud Cases

In a bank fraud case, various possible outcomes could come into play. If the evidence against the defendant is insufficient or weak, this may lead to the court dismissing the case. Alternatively, the defendant may agree to plead guilty to a lesser charge or receive a reduced sentence in exchange for a guilty plea, known as a plea bargain.

Another potential outcome is a deferred prosecution agreement, where the charges are postponed for a set period, and the defendant must fulfill specific terms before the court dismisses the charges. If the defendant is found not guilty after trial, the court will dismiss the case as an acquittal. However, if the defendant is found guilty, they may face fines, restitution, probation, and incarceration.

Having a Florida bank fraud lawyer helps protect your rights and reach a more favorable outcome in your legal matter. Contact the O’Mara Law Group to learn how we will assist with your case.

Benefits of Working with a Skilled Orlando Bank Fraud Lawyer

Working with an experienced lawyer offers several benefits when negotiating bank fraud charges. First, our knowledgeable and skilled lawyers will identify weaknesses in the prosecution’s case and develop a strong defense strategy. They will use their skills to negotiate a plea bargain or other favorable resolution, such as reduced charges or a lighter sentence.

An O’Mara Law Group lawyer also ensures your rights are protected throughout the legal process, including during negotiations with the prosecution. Our professionals will have access to resources, such as expert witnesses or forensic accountants, which are valuable in building a strong defense.

Finally, our skilled bank fraud defense lawyers provide guidance and support, helping alleviate some of the stress and uncertainty of facing bank fraud charges. Hiring an experienced bank fraud lawyer from O’Mara Law Group can level the playing field and increase the chances of a positive result for the defendant.

The O’Mara Law Group’s federal defense lawyers in Orlando have the knowledge and skills to represent you in a bank fraud case against the federal government. Trust us to fight for your rights and achieve a favorable outcome for your case. Contact the O’Mara Law Group for experienced representation.

Having a Florida bank fraud lawyer helps protect your rights and reach a more favorable outcome in your legal matter. Contact the O’Mara Law Group to learn how we will assist with your case.

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