Bank fraud, like any type of fraud, is categorized as a white collar crime, all of which are very serious charges. Here in Indiana, fraud offenses are charged as either misdemeanors or Level 6 felonies, depending on the details surrounding a defendant’s case. Anyone charged with fraud in Indiana may also face large fines, imprisonment, probation, community service, rehabilitation, and other severe penalties.
As for bank fraud, it is important to hire a lawyer as soon as you step foot out of jail, so that you may get a head start on your defense. Most often, those who are charged with bank fraud are not arrested on the spot. Instead, it is common procedure to issue a warrant for their arrest. In this case, a defendant has the choice to wait until they are apprehended by law enforcement, which is not recommended, or to turn themselves into authorities.
Hesitation often gets the best of arrest warrant recipients out of fear that they will not be able to post their bond. After all, no one want to stay in jail until their hearing. But can a person who is surrendering to an arrest warrant for bank fraud charges given the same bail rights as everyone else? Continue reading to find out.
Bank Fraud Charges and Penalties
The most common types of bank fraud crimes include check tampering, debit card fraud, account identity theft, stolen checks, gift card fraud, opening multiple accounts in an attempt to defraud, making insufficient deposits to cover debits, using a false identity to open accounts, counterfeiting checks, knowingly writing bad checks, and loan fraud.
Bank fraud is charged as a Level 6 Felony in Indiana. In order for a bank fraud charge to turn into a conviction, two facts must be proven beyond a reasonable doubt in court: 1) a defendant knowingly carried out a scheme to defraud a bank or other financial institution; 2) a defendant knowingly carried out a scheme to gain financial assets in the possession of a bank or other financial institution.
Bail for Bank Fraud Arrest Warrants
According to the Bill of Rights, our 8th Amendment gives us certain rights surrounding bail. Basically, it prohibits the federal government from being unfair or callous to suspected criminals and convicts. Specifically, it states, “Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.” So, if you must surrender to an arrest warrant issued for bank fraud charges, you should be granted bail.
In order to get out of jail as fast as possible after turning yourself in, you need to choose a skilled and knowledgeable bail bond company that offers prearranged bail bond services. You can meet with them at their office, prepare and complete all the necessary paperwork, and then ride with them to the jail to surrender. Once you are booked and processed, the bail bond agent can post your bond. From there, they will pick you up and take you back to their office, where you can simply finish up and drive home! Experienced bail bondsmen can sometimes get this done in as little as one hour.
Where to Get Fast Prearranged Bail Bonds in Indianapolis
Contact Woods Bail Bonds at 317-876-9600 for prompt and professional, 24 hour bail bond services in Indiana. Not only can we get you out of jail fast, we can prearrange a bail bond if you need to surrender to an arrest warrant. We provide all Local, State, and National bonds, and serve over 30 Indiana counties. Request a free estimate, anytime.