Gerard Karam

2 weeks ago | jdsupra.com | Gerard Karam |Ryan O'Neill |David Stewart

On May 22, 2025, the Supreme Court of the United States resolved a deep circuit split by holding that “fraudulent inducement” is a valid theory of wire fraud under 18 U.S.C. § 1343. In other words, lying to induce a victim to enter into a transaction that will cost her money or property can be the basis for a wire fraud conviction – even if the victim does not suffer actual economic loss. Fraudulent Inducement as Wire Fraud?