Bruce H. Lehr: What you should know Concerning Mail Fraud

Bruce H. Lehr: What you should know Concerning Mail Fraud

Bruce H. Lehr: What you should know Concerning Mail Fraud by Bruce H. Lehr

As explained by Bruce H. Lehr, mail fraud is the attempt to commit some type of fraud (deceit, concealment, or trickery) by using the United States Postal Service (USPS) or any private or commercial interstate mail carrier, such as Mailboxes, Etc. Bruce H. Lehr goes on to explain that mail fraud may be committed against and by both businesses and individuals.

Mail Fraud Convictions

To be convicted of mail fraud, Bruce H. Lehr recalls that one must do all of the following:

Purposefully create a plan to defraud an individual or institution

Display intent to commit fraud

Mail somethingfor the purpose of carrying out a fraudulent schemethrough the USPS or a private carrier

Previous Mail Fraud Cases

First Case:

Bruce H. Lehr has learned that, according to the USPS, prosecutors proved in 2002 that a Texas man sold roughly $6.5 million in fraudulent certificates of deposit (CDs) via the U.S. Mail to close to 80 investors - most of whom were senior citizens. The man, who basically never purchased the CDs, used portions of the money to pay earlier investors and used the rest for personal expenses. Generally, more than 45 investors are still owed a total of $3.5 million.

Second Case:

Bruce H. Lehr informs that the USPS states that two employees of the company that publishes Business Week were charged with conspiracy to commit securities fraud when they revealed confidential information about publicly held companies. The pair allegedly stockpiled thousands of dollars in kickbacks (through the U.S. Mail) after giving two co-defendants insider trading information from an issue of Business Week the day before the issue hit newsstands. Armed with their tips, the co-defendants bought various company stocks on a reported 43 occasions and sold it when the magazine was releasedafter which stock prices soared. Bruce H. Lehr includes that the trades were valued at more than $2 million, while profits totaled $450,000.

Third Case:

An Arizona man was convicted of mail fraud and sentenced to five years of supervised probation, nine months of home detention, and $1 million in victim restitution after executing the age-old envelope-stuffing scam. Bruce H. Lehr goes on to explain that the man ran ads in national magazines, promising to send stuffing materials to everyone who mailed money for supply costs ($18 to $36) to his fictitious company. He then mailed instructions on how to run an envelope-stuffing business but no actual materials.

Possible Punishments for Mail Fraud Crimes

Mail fraud, which Bruce H. Lehr recognizes is a felony, carries a sentence of up to five years in prison and/or fines of up to $250,000 when individuals are involved and up to 30 years in prison and/or $1,000,000 in fines when a financial institution is involved.

POST COMMENT

Hostmonster Email Outlook Reverse Email Address Lookup-Perform Reverse Email Search Personalized URLS combined with Targeted Mailing Lists will Increase Direct Mail Response Rates Email-Worm.Zhelatin Removal - Watch Out! Top Methods to Expand Your Mailing List Use Email Address Finder To Access Email Address Of Anyone Anywhere In The Word What is Video Mail? Don't Send a Thank You Note After Your Interview –Send an Email! Superfast Ways To Increase Email Click Through Rates In 2011 Save Some Green & Go Green With 1099 Email, 1099 E-file & 1099 Pdf From W2mate.com The 1099 You Have Several Options To Choose When Buying Mail Slots All about Emails and Email Newsletters Email Newsletters Best Practices Equation