Bank crimes, or bank robberies, typically involve the stealing of money from a bank institution. Due to security measures present at bank branches, most bank crimes involve some form of armed robbery (involving the use of a deadly weapon such as a gun). While bank crimes may seem like a far-fetched idea, they are still actually one of the more common types of crimes in America. Every year, banks lose millions of dollars due to bank crimes.

Bank crimes can also include other types of crime, such as embezzlement of money, "virtual" theft (stealing through computers or other electronics), and breaking and entering or burglary.

What Types of Legal Penalties Result from Bank Crimes?

Since bank crimes are typically armed holdup robberies, they are often tried as felonies. Felony crimes typically involve very serious legal consequences, such as high criminal fines, prison time of greater than one year, and other punishments. Also, felony convictions often result in the loss of various privileges, such as the loss of the right to own a firearm. Felony charges can sometimes be very difficult to have cleared from one’s record later on in life. Bank crimes can be a very serious crime and typically a person guilty of a bank crime would face the following penalties:

  • Incarceration: The jail or prison senence depends on whether the crime was a misdemeanor or a felony charge and also whether if it was a state of federal offense
  • Probation: A court can impose a probation sentence after the jail or prison time served
  • Fines: The amount of fine depends on the nature and degree of the crime
  • Restitution: A person convicted of a bank term must pay money back to victim, compensating them of the loss suffered.

What Is Criminal Restitution?

Other types of white collar bank crimes like embezzlement may involve similar penalties. These may also involve what is known as criminal restitution, which requires the defendant to pay the victim back for any losses caused by the bank crime. Criminal restitution laws may vary by state. Alternatively, the bank may also choose to institute a civil claim against the defendant for other damages such as damage to private property and other legal concerns.

Do I Need a Lawyer for Help with Bank Crime Charges?

Bank crime charges can involve very serious legal matters. You may need to hire a criminal defense lawyer for help if you have been involved with such charges. Your attorney can provide you with the legal assistance needed during such trials. Your lawyer will be able to represent you in court and can address any questions you may have during the process.