Bank Fraud — Louisiana Law



ATTORNEY ELIZABETH BAGERT CARPENTER — Representing Clients in Baton Rouge, Orleans, Jefferson,

St. John, St. Chalres, St. Tammany Parishes


Bank Fraud —  La.R.S. 14:71.1


A.  Whoever knowingly executes, or attempts to execute, a scheme or artifice to do any of the following shall be imprisoned, with or without hard labor, for not more than 10 years, or may be fined not more than $100,000, or both:

(1)  To defraud a financial institution.

(2)  To obtain any of the monies, 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, practices, transactions, representations, or promises.

B.  In addition to the penalties provided in Subsection A of this Section, a person convicted under the provisions of this Section shall be ordered to make full restitution to the victim and any other person who has suffered a financial loss as a result of the offense.  If a person ordered to make restitution pursuant to this Section is found to be indigent and therefore unable to make restitution in full at the time of conviction, the court shall order a periodic payment plan consistent with the person’s financial ability.


If you or a loved one has been arrested or indicted for Bank Fraud, contact a New Orleans White Collar Crime Defense Attorney today.  We are ready to start building your defense today.


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