18 U.S.C. § 1007 – Federal Deposit Insurance Corporation Transactions
This statute criminalizes false statements or documents used to influence the Federal Deposit Insurance Corporation.
What this statute covers.
Section 1007 targets fraud directed at the Federal Deposit Insurance Corporation (FDIC). It focuses on false or deceptive information submitted to influence FDIC decisions, actions, or determinations.
Core prohibited conduct.
A violation occurs when a person, for the purpose of influencing the FDIC, knowingly:
- Makes a false statement
- Uses or presents a forged or counterfeit document
- Invites reliance on any false, forged, or counterfeit statement, document, or thing
The statute does not require that the FDIC actually rely on the false information—only that the defendant acted with the intent to influence the agency.
Penalties.
- Up to $1,000,000 in fines
- Up to 30 years in federal prison
- Or both
If you are being investigated or charged in connection with FDIC-related statements or transactions,
call (314) 900-HELP or contact our federal criminal defense attorneys.
