The Economic Impact of Wire Fraud on Businesses

Are you facing wire fraud charges in New Jersey and wondering what to do next? Wire fraud is a serious federal offense punishable by huge fines and decades in prison. If you have been accused of or charged with wire fraud, you need and deserve an experienced defense team to protect your rights. 

At Keith Oliver Criminal Law, we can provide the guidance and support you need, no matter how serious or complex your situation. Our team is ready to develop a strong defense on your behalf and deliver real results. Don’t face this challenge alone. Contact Keith Oliver Criminal Law today for a free initial consultation and take the first step toward defending your rights and your future.

Understanding Wire Fraud

Wire fraud is a crime that involves tricking people out of their money or property using electronic means to communicate across state lines. Some examples include sending false emails to trick someone into sending money or making fake phone calls to steal someone’s personal information. 

New Jersey has no specific wire fraud statute defining or prohibiting the offense. Instead, wire fraud offenses in New Jersey fall under federal law because they involve using interstate wire communications, such as phone lines and the internet, to carry out the fraud. So, whether you’re in New Jersey or any other state, the federal government can prosecute you for mail and wire fraud.

This means that if you’re accused of wire fraud in New Jersey, you will be dealing with federal agencies like the FBI in addition to your local authorities. Federal agencies have extensive resources and often collaborate with New Jersey law enforcement to investigate and build wire fraud cases. 

Given the complexity and the serious nature of these charges, anyone accused of wire fraud in New Jersey should seek experienced legal representation immediately. An experienced criminal defense attorney can identify and interpret all federal and state laws that apply to your case, protect your rights, and develop the strong defense strategy you need when facing federal wire fraud charges.

The Economic Toll on Businesses

Wire fraud drains millions of dollars annually from businesses of all sizes, from small shops to massive corporations. It leads to direct financial losses, increased security costs, and tarnished reputations that can scare away customers. The aftermath of wire fraud isn’t just about financial losses – it’s also about the resources companies must invest in tightening their defenses against future attacks. This might mean spending on advanced security systems, employee training programs, and internal investigations following financial fraud. 

Additionally, some businesses face legal fees and penalties if their lax security practices contribute to wire or mail fraud. The ripple effect of wire fraud can also increase operational costs for all companies by raising insurance premiums and the costs of financial services due to the heightened risk of future fraud.

Legal Framework Surrounding Wire Fraud in New Jersey

If you are convicted of wire fraud, you might need to pay steep fines, spend up to 20 years in prison, or both. The potential consequences are even more severe if the fraud involves a natural disaster declared by the president or targeted a financial institution. In those cases, the penalties increase significantly. You could be looking at a fine of up to $1,000,000, up to 30 years in prison, or possibly both. 

These harsh penalties show how seriously the law takes the crime of wire fraud. It’s a serious offense with consequences that could change your life forever. This is why anyone accused of or charged with wire fraud in New Jersey needs and deserves a trusted defense attorney to challenge these allegations.

What to Do If Accused of Wire Fraud

If you have been accused of or charged with wire fraud in New Jersey, the steps you take next can significantly affect the outcome of your case. Here’s what you can do to protect your rights:

  • Contact a wire fraud attorney as soon as possible.
  • Be completely honest with your attorney about all the details of the case.
  • Collect all communication related to the accusation, like emails and texts.
  • Create a list of potential witnesses who might be able to support your case.
  • Avoid discussing your case with anyone but your attorney.
  • Listen to your attorney and follow their advice closely.
  • Refrain from deleting any potential evidence from your devices.
  • Stay off social media, and do not post anything about your case.
  • Attend all legal appointments and court dates on time.

Potential Defense Strategies Against Wire Fraud Accusations

A strong defense strategy is critical when facing wire fraud accusations. Depending on the circumstances, your lawyer might use one or more of the following strategies in your defense:

  • Lack of Intent: Arguing that you did not have the intention to deceive or defraud anyone
  • Good Faith: Showing that you believed in good faith that the statements you made were true
  • Mistake of Fact: Claiming that you were under a mistaken belief about a crucial fact
  • Insufficient Evidence: Pointing out that the prosecution does not have enough evidence to prove every element of wire fraud beyond a reasonable doubt
  • Withdrawal: Proving that you withdrew from the wire fraud scheme before it was carried out

How Keith Oliver and His Firm Can Assist

Facing a wire fraud conviction can be a daunting experience, but with an experienced attorney from Keith Oliver Criminal Law on your side, you have a strategic advantage. Keith Oliver and his team can help you by:

  • Reviewing all the evidence against you thoroughly
  • Explaining the charges and potential consequences in clear terms
  • Developing a solid defense strategy tailored to your case
  • Arguing for the exclusion of illegally obtained evidence
  • Negotiating with prosecutors to reduce or dismiss charges
  • Representing you confidently in all court proceedings
  • Challenging the credibility of the prosecution’s witnesses
  • Uncovering and presenting favorable evidence
  • Working with industry experts to strengthen your defense
  • Advising you on the ideal course of action every step of the way
  • Preparing and filing all necessary legal documents on time
  • Protecting your rights throughout the legal process
  • Keeping you informed about the progress of your case
  • Preparing you for what to expect at trial
  • Seeking alternative sentencing options if conviction is unavoidable

Contact a Wire Fraud Defense Attorney in New Jersey

Were you accused of committing wire fraud? Are you ready to tackle your wire fraud defense head-on? Reach out to Keith Oliver Criminal Law today. Our team is here to listen to your story, offer support, and build the strong defense you deserve. Contact us now to get started with your free and confidential case evaluation.


Author: Keith G. Oliver

Founding partner Keith G. Oliver has a passion for helping people who are caught up in the criminal justice system. He believes that everyone has a right to be presumed innocent, and that one mistake shouldn’t define a person forever. This passion drives Mr. Oliver to tirelessly fight for his clients and pursue the best possible outcome in every case.