High Court's Broad View Of Bank Fraud Law Still Has Limits

The U.S. Supreme Court confirmed prosecutors' broad use of the federal bank fraud law in routine check fraud cases albeit with some limits.

Partner Jeremy Sternberg said the high court put a check on prosecutors' powers.

“The Supreme Court gave with one hand and took with the other,” he said. “They gave to the government in the sense that there's no requirement that it proves an intent to defraud a bank.”

READ: High Court's Broad View Of Bank Fraud Law Still Has Limits