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A Guide to Understanding Wire Fraud

A Guide to Understanding Wire Fraud


What is Wire Fraud?

Wire Fraud is a nature of fraud, which is defined as a criminal activity undertaken by one individual in order to purposely and intentionally deceives another individual; the methods facilitated within fraud offenses are vast – fraud can take place through a variety of setting, resources, and ideologies. Wire fraud – which received its titular classification due to the involvement of electronics and technology commonly identified by the presence of wires and circuitry – occurring through the utilization of electronic, computational, and virtual settings. Through the use of technological systems, a wire fraud offense will typically undertake modern telecommunication and information technology systems, which allow for a virtual setting with regard to interpersonal communication.

A Wire Fraud Timeline

Due to the fact that Wire Fraud facilitates the enactment of fraudulent activity through the utilization of technological advances, which range with regard to the time in which their advent took place, Wire Fraud is a nature of fraud that has been classified as evolving in tandem with the technological developments arising in the present day of the crime itself:

Wire Fraud and Telecommunications

Telecommunications is the classification of the genre within the global communications industry that allows for interpersonal contact between two parties whose respective locations would make consistent, face-to-face contact difficult – if not impossible. As a result of invention of telecommunications, individuals residing in the furthest expanses of the globe are given the opportunity to communicate with ease; yet, methods of wire fraud developed in concert with the telecommunications industry undertook the these advances for criminal use:

Wire fraud facilitating the solicitation of criminal activity will typically involve the presentation of a prospective opportunity for the victim to participate – both knowingly or knowingly – within criminal activity
This type of telephone-based wire fraud would occur through the use of telephony, in order to both avoid interpersonal contact, as well as engage in an expanded field of prospective victims

Wire Fraud and Information Technology

Within the scope of technological advances that have taken place, the criminal act of wire fraud has utilized technological advances in an unlawful and fallacious manner. Information technology (IT) is the industry in which the implementation of data its respective electronic, digital, and virtual form is undertaken in lieu of tangible data. Electronic, digital, and virtual settings can include a variety of settings, which include the Internet, computational systems, and digital networks; the following are types of wire fraud that exist on a virtual and electronic basis:

Identity theft may take place as a result of the ability for individual offenders to virtually access data and information systems belonging to other individuals; through the unlawful intrusion into the virtual domains belonging to victims of wire fraud, personal and private information can be accessed and misused

Cyber Law is one of the most recent incarnations of criminal legislation that has arisen within the modern legal system; this field of law specializes in the investigation, regulation, and oversight of criminal activities taking place with electronic settings – this includes wire fraud such as financial and electronic fraud