Mail and Wire Fraud Statute of Limitations
Mail fraud and wire fraud are federal crimes that prohibit the use of the United States Postal Service or other forms of interstate communication (such as the internet, telephone, telegraph, and radio) to further a scheme to defraud. This type of fraud is often committed in the context of financial schemes, such as Ponzi schemes, investment fraud, and real estate fraud.
Mail fraud refers to the use of the mail to further a fraudulent scheme. This can include mailing fraudulent letters, checks, or other materials to potential victims.
Wire fraud refers to the use of electronic communication, such as the internet, telephone, telegraph, and radio, to further a fraudulent scheme. This can include sending fraudulent emails, text messages, or making fraudulent telephone calls.
Both mail and wire fraud are federal crimes and are punishable by up to 20 years in prison and a fine of up to $250,000 for an individual or $500,000 for an organization.