Bank Fraud

Bank fraud refers to illegal activities aimed at deceiving a bank or financial institution to gain money or assets unlawfully. This can involve actions like falsifying information on loan applications, using counterfeit checks, or stealing someone's identity to access their accounts. The goal of bank fraud is to manipulate the financial system for personal gain, often resulting in significant losses for banks and consumers. It is a serious crime that can lead to hefty fines and imprisonment for those found guilty, as it undermines trust in the financial system.