In New York, white collar crimes often result in hefty penalties that can have a severe impact on your future and quality of life. This is especially true when these crimes involve United States institutions.
Mail fraud is one white collar crime that involves a U.S. service. In accordance, the potential penalties you face are of utmost severity.
Defining mail fraud
The Congressional Research Service defines mail fraud and its related penalties. First, mail fraud by its definition is the act of furthering fraud via the postal system. This applies to public and private carriers. It can involve anything sent through the post, including but not limited to boxes, parcels and post cards.
Fraud itself involves any scheme that intends to part a victim from their assets, money or access to honest services. Due to the involvement of the U.S. postal system, mail fraud is a felony.
Federal law ruling on mail fraud convictions
Under federal law, you can face up to 20 years in prison if convicted of mail fraud. You may also face a fine of up to $250,000 or $500,000 for organizations. If you targeted a financial institution or committed fraud in response to a natural disaster, the penalty is harsher. You face up to 30 years of imprisonment and a fine of up to $1 million.
On top of that, you may have a period of supervised release or probation. You may also struggle to find employment due to the mark on your record. In short, the aftermath of a mail fraud charge can haunt you long after you leave the prison.