Credit: ivector/Adobe StockHigh Court May Limit the Reach of the Wire Fraud Statute
On Dec. 9, 2024, the Supreme Court heard oral argument in 'Kousisis v. United States', which considers the viability of the fraudulent inducement theory under which the government argues that deception to induce a commercial exchange can constitute mail or wire fraud, even if inflicting economic harm on the alleged victim was not the object of the scheme.
December 19, 2024 at 12:26 PM
5 minute read
What You Need to Know
- “Property fraud” statutes have long been among the favorite tools of federal prosecutors investigating white-collar crime and have also been the subject of repeated limitation by the Supreme Court.
- The Court’s grant of certiorari in this case is from the Third Circuit, which affirmed a conviction based on the “fraudulent inducement” theory.
- After arguments, the Court appeared divided on the issue.
By Harry Sandick and Caitlyn Wigler
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