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57 Am. Crim. L. Rev. 787 (2020)
Financial Institutions Fraud

handle is hein.journals/amcrimlr57 and id is 807 raw text is: FINANCIAL INSTITUTIONS FRAUD INTRODUCTION ........................................ BANK FRAUD STATUTE. ........................................ A. Purpose and Scope ................................ B. Elements. ........................................ 1. K now ledge ................................... 2. Executes or Attempts to Execute ................... 3. Schem e or Artifice ............................. 4. To Defraud or Obtain Monies by False or Fraudulent P retenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a. Defrauding a Financial Institution .............. b. Employing False or Fraudulent Pretenses........ . 5. Financial Institution ............................ C. Defenses. ........................................ 1. Custody or Control ............................. 2. Good Faith ................................... 3. Multiplicity or Duplicity of the Indictment ............ D . P enalties ........................................ III. THE FINANCIAL INSTITUTIONS REFORM, RECOVERY, AND ENFORCEMENT ACT ........................................ A. Purpose and Scope ................................ B. Civil Sanctions for Insider Fraud ...................... 1. Applicable Law in Civil Cases under FIRREA: A therton v. FD IC .............................. 2. Federal Common Law Post-Atherton: Circuit Split on the D'Oench Doctrine ........................ C. Criminal Penalties Under 12 U.S.C. § 1818(j) ............ 1. Scop e ....................................... 2. Elements ..................................... 3. Penalties ..................................... 4. The Dual Functions of the FDIC ................... D. Recent Prosecutions and Settlements ................... IV. THE BANK SECRECY ACT ....................................... A. Purpose ......................................... B. Title I: Record-Keeping Requirements .................. 1. Additional Records to Be Retained by Banks .......... 2. Additional Records to Be Retained by Brokers and D ealers in Securities ........................ 3. Additional Records to be Retained by Casinos ......... I. II. 787 788 789 789 791 792 794 795 796 796 796 797 799 799 799 800 802 803 804 805 806 807 809 810 810 810 811 811 814 814 815 816 817 817

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