Louisiana Bank Fraud Law

Louisiana Bank Fraud Law
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 ten years, or may be fined not more than one hundred thousand dollars, 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. As used in this Section, the term "financial institution" has the same meaning as in R.S. 6:2(8).

Provided as a courtesy of Babcock Law Firm, LLC

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