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The federal statute prohibiting bank fraud makes it a crime knowingly to obtain by false pretenses funds under the control or custody of a financial institution. (Essentials of Business Law and the Legal Environment, by Richard A. Mann, Barry S. Roberts)

Referred to as state-corporate crime, these violations include fraud in taxation, bank loans, and mortgages (Crime and Punishment in America: An Encyclopedia of Trends in Controversies in the Justice System, by Laura L. Finley)

Offenses that will result in disqualification as a bidder include loan kickbacks, theft or embezzlement by bank personnel or federal regulators, false bank entries, fraud on the FDIC, concealment of assets, certain types of mail fraud, and bank fraud. (Banks and Thrifts: Government Enforcement and Receivership by Barry S. Zisman)

In the United States, according to their judicial code, a person found guilty of committing the offense of fraud or a swindle is liable to a punishment of an imprisonment term of up to 20 years, a fine, or both (Legal Information Institute, 2008). (The Psychology of Criminal and Antisocial Behavior: Victim and Offender by Wayne Petherick, Grant Cinnamon)