Learn more about Spodek Law Group and how we can help with your case.
Wire Fraud Defined
Wire fraud is defined as using any form of electronic or wired communication to commit a fraud. Fraud here means to take someone else’s property through deceptive means. If you used the internet, a phone, a radio, or any wire communication to facilitate the scheme, that is wire fraud. Whether you achieved the outcome is irrelevant – even an unsuccessful attempt can trigger a wire fraud charge.
Elements of Wire Fraud
The prosecution has to prove:
- There was a scheme or plan to commit fraud
- The defendant acted with fraudulent intent
- The defendant knew about the scheme and its fraudulent nature
- The defendant used wire communications to further or attempt the scheme
Wire Fraud Penalties
Conviction carries:
- Up to $250,000 in fines (or up to $1 million if the victim was a financial institution or the fraud was related to a federal emergency)
- Up to 20 years in federal prison (or up to 30 years if the victim was a financial institution or the fraud was related to a federal emergency)
| Circumstance | Max Prison | Max Fine | Statute of Limitations |
|---|---|---|---|
| Standard wire fraud | 20 years | $250,000 | 5 years |
| Affecting financial institution | 30 years | $1,000,000 | 10 years |
| During declared disaster/emergency | 30 years | $1,000,000 | 10 years |
| Conspiracy to commit | 20 years | $250,000 | 5 years |
What is the Statute of Limitations?
The statute of limitations for wire fraud is 5 years, though it gets extended to 10 if the wire fraud scheme targeted a financial institution or was related to a federal disaster relief program.
Collateral Consequences of a Wire Fraud Conviction
- Ineligibility for federally funded housing programs or welfare
- Ineligibility to receive federal student loans
- Loss of professional license to work in your field
- Disqualification from holding public office
- Deportation from the U.S. if you are not a citizen
Reduction in pretrial jail population since NJ bail reform implementation.
Source: NJ Judiciary Annual ReportApproval rate for properly filed expungement petitions in NJ.
Source: NJ Courts Statistical ReportCommon Mistakes to Avoid
Actually Stay Silent
Most people know they have the right to remain silent but still talk to police. Anything you say can and will be used against you. Politely decline to answer questions until your attorney is present.
Bail Conditions Are Enforceable
Violating bail conditions, even minor ones, can result in immediate re-arrest and make it much harder to obtain bail again. Follow every condition to the letter.
Proven Track Record
Recent Case Results
*Results may vary depending on your particular facts and legal circumstances.
SEE ALL CASE RESULTSWhat Our Clients Say
"When the federal government came after me, Todd and his team were the only ones who made me feel like I had a real chance. They understood the system inside and out and got my case dismissed."— Michael T., Federal Defense Client MORE REVIEWS
Lead Attorney & Founder
Todd Spodek
Featured on Netflix's "Inventing Anna," Todd Spodek brings decades of high-stakes criminal defense experience to every case.
Need Help With Your Case?
Our experienced criminal defense attorneys are available 24/7 for a confidential consultation.
100% Confidential. Your information is protected.
Frequently Asked Questions
New Jersey reformed its bail system in 2017. Instead of a cash-based system, judges now use a Public Safety Assessment (PSA) to determine whether a defendant should be released pretrial. Most defendants are released with conditions, while those deemed high-risk may be detained. An experienced attorney can argue for favorable release conditions at your detention hearing.
No. You have the constitutional right to remain silent and to have an attorney present during questioning. Anything you say to police can be used against you in court. Politely invoke your rights by saying "I want to speak with my attorney before answering any questions." This cannot be held against you.
Attorney fees vary based on the complexity of the case, the charges involved, and whether the case goes to trial. At Spodek Law Group, we offer transparent pricing and flexible payment plans. We provide a free initial consultation to discuss your case and give you an honest assessment of costs. Investing in quality representation often saves far more in the long run than choosing the cheapest option.
An arraignment is your first court appearance after being charged with a crime. The judge will read the charges against you, and you'll enter a plea (usually not guilty at this stage). The judge will also set bail or release conditions. Having an attorney at your arraignment is critical, as they can advocate for favorable bail terms and begin building your defense strategy from day one.
Why Clients Choose Spodek Law Group
45 seconds that explain our difference
