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
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.