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Fiduciary fraud8/9/2023 ![]() federal Law, anyone who engages in fraudulent activity and uses telephones, telegraph and/or the Postal Service to discuss or either send or receive correspondence or documents in furtherance of the fraud, can be prosecuted for felony mail fraud and/or wire fraud and if two or more persons act in collusion to defraud, U.S. Therefore, a fraud could be prosecuted as a felony under both state and federal laws. government is injured through fraud, the matter falls within the jurisdiction of the US Justice Department and the federal courts. Other states may have specific laws to deal with bribery and corruption and may prosecute other types of fraud under larceny, robbery, embezzlement or other specific statutes. Some states have specific fraud statutes. When an organization (actually an employee acting on behalf of the organization) commits fraud, the benefits and gains to the organization are usually direct, in the form of financial gain. When an individual commits fraud, the benefits and gains may be direct (receipt of money or property), or indirect (reward of promotions, bonuses, power and influence).
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