Opinion ID: 720571
Heading Depth: 2
Heading Rank: 2

Heading: statute of limitations--wire fraud

Text: 20 Aubin also contends that the prosecution for wire fraud is barred by the statute of limitations. Generally, the five-year limitations period of 18 U.S.C. § 3282 is applicable to wire fraud violations. However, the district court held that the ten-year limitations period of 18 U.S.C. § 3293 for offenses affecting financial institutions applied in this case. The scheme or artifice to defraud that was the basis for the charge of wire fraud in this case was designed to defraud, among others, Western Savings and Loan. Since Western, a financial institution, was in fact defrauded in this case, and since there is no question that a wire transmission was used to execute this fraud, we hold that the district court was correct. The ten-year limitations period of 18 U.S.C. § 3293 is applicable, and the prosecution of this offense was not barred by the statute of limitations.