The U.S. Supreme Court recently held that the provision of the federal bank fraud statute which makes it a crime to “knowingly execut[e] a scheme ' to obtain” property owned
Bank Fraud Defined
The U.S. Supreme Court recently held that the provision of the federal bank fraud statute which makes it a crime to "knowingly execut[e] a scheme ' to obtain" property owned by, or under the custody of, a bank "by means of false or fraudulent pretenses," does not require the government to prove that a defendant intended to defraud a bank into paying him or her money.
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