Supreme Court: Stealing From A Bank’s Customer Is Stealing From A Bank

LexisNexis (January 26, 2017, 9:44 AM EST) -- The federal bank fraud statute makes it a crime for someone to:

knowingly execute[] … a scheme or artifice – to defraud a financial institution; or to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises.

18 U.S.C. § 1344. In Shaw v. United States, 580 U.S. ___ (2016), a unanimous U.S. Supreme Court held that a thief who intends only...
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