Source: https://www.thefederalcriminalattorneys.com/federal-loan-fraud/
Timestamp: 2019-04-25 00:05:16+00:00

Document:
Readers will note that the majority of the statute’s text is dedicated to enumerating certain public and private entities to which the statute applies. Regardless of which agency is in question, 18 U.S.C. § 1014 criminalizes the behavior of knowingly making a false statement to one of the enumerated agencies for the purpose of attempting to influence that agency’s decision making.
For example, suppose one were to apply for a loan from an “agricultural credit association,” and, in so doing, make knowingly false statements about one’s monthly income and the value of one’s assets. These statements could form the basis of a conviction under 18 U.S.C. § 1014.
A conviction for 18 U.S.C. § 1014 may be punished by a maximum sentence of 30 years incarceration in federal prison, a $1,000,000 fine, or both.
The statement was not false – Truth is always a defense given the statute’s requirement that a false statement be made.
The statement was false, but not knowingly false – If your attorney can show that you were simply mistaken, or did not intend to convey false information, you cannot be convicted of 18 U.S.C. §1014.
The statement was made to an individual or entity outside of the statute’s coverage – Note the long list of institutions contained in §1014’s text. That list is extensive, but not comprehensive. It may be that the allegedly false statement for which you are being charged was made to an entity not covered by the provisions of the statute.
These defenses are all fact-specific and may or may not apply in a given case. Consult with your attorney about the best possible way to defend yourself based on the specific circumstances of your case.
If you, or someone you know, is being charged with 18 U.S.C. §1014, time is of the essence. Call our experienced Los Angeles federal loan fraud attorneys today for a free phone consultation. They will advise you on your options, and educate you about the criminal process.

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