§1344. Bank fraud
Whoever knowingly executes, or attempts to execute, a scheme or artifice—
(1) to defraud a financial institution; or
(2) to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises;
shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.
(Added Pub. L. 98-473, title II, § 1108(a) , Oct. 12, 1984 , 98 Stat. 2147 ; amended Pub. L. 101-73, title IX, § 961(k) , Aug. 9, 1989 , 103 Stat. 500 ; Pub. L. 101-647, title XXV, § 2504(j) , Nov. 29, 1990 , 104 Stat. 4861 .)
Editorial Notes
Amendments
1990—Pub. L. 101-647 substituted “30” for “20” before “years”.
1989—Pub. L. 101-73 amended section generally, restating former subsec. (a) and striking out former subsec. (b) which defined “federally chartered or insured financial institution”. Prior to amendment, subsec. (a) read as follows: “Whoever knowingly executes, or attempts to execute, a scheme or artifice—
“(1) to defraud a federally chartered or insured financial institution; or
“(2) to obtain any of the moneys, funds, credits, assets, securities or other property owned by or under the custody or control of a federally chartered or insured financial institution by means of false or fraudulent pretenses, representations, or promises, shall be fined not more than $10,000, or imprisoned not more than five years, or both.”