Concept information
Preferred term
wire fraud
Definition
- The federal wire fraud statute, enacted in 1952, is codified under 18 U.S.C. § 1343 and has two essential elements: (1) using, or trying to use, signal transmission that occurs in interstate or foreign commerce, and (2) transmission that is in furtherance of defrauding someone. The law has been utilized against virtually every new electronic method of fraud as well as less sophisticated schemes. [Source: Encyclopedia of White-Collar and Corporate Crime; Wire Fraud]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/wire_fraud
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