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Email The Supreme Court in Shaw v. United States recently held that the federal bank fraud statute does not require that defendants cause, or intend to cause, an actual financial loss to the financial institutions they seek to defraud. The Supreme Court’s decision helped resolve a longstanding dispute over whether the bank fraud statute requires that a defendant intend not only to trick a bank into giving money to the defendant, but also to cause the bank to suffer a financial loss. In addition – and perhaps inadvertently – the Supreme Court also confirmed the bank fraud statute’s place among the tools that federal law enforcement can use to tackle cybercrime. https://www.cadwalader.com/resources/clients-friends-memos/the-supreme-courts-broad-interpretation-of-the-bank-fraud-statute-may-provide-a-potent-tool-in-combatting-cybercrime