Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.

Insights

Publications Events Blogs

Stan Twardy and Elizabeth Latif Co-author Article "Bank Fraud Defined: The Supreme Court's Unanimous Decision in Loughrin v. United States" in Law Journal Newsletter

Publisher: Business Crimes Bulletin
July 1, 2014
Day Pitney Author(s) Stanley A. Twardy, Jr.

Law Journal Newsletter Business Crimes Bulletin published Stan A. Twardy and Elizabeth A. Latif's article titled "Bank Fraud Defined: The Supreme Court's Unanimous Decision in Loughrin v. United States" in its July 1 issue. The article discussed the recent high court holding 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 nor that a risk of loss was posed to a bank.