Shaw v. United States, 580 U.S. 63 (2016), was a United States Supreme Court case tin which the court held that a scheme to defraud customers also deprives the bank of money in which the bank held a "property right"; therefore, criminal defendants may be convicted under the federal bank-fraud statute for schemes to defraud bank customers..
Background Lawrence Shaw received the information from a bank account at Bank of America that belonged to a customer, Stanley Hsu. Shaw used that information to take money from Hsu but did not directly steal from the bank. Shaw was convicted under a federal statute criminalizing fraud against banks and appealed, arguing his target was its customer.
Decision In a unanimous opinion written by Justice Stephen Breyer, the Court held that a scheme to defraud customers also deprives the bank of money in which the bank held a "property right", and criminal defendants may therefore be convicted under the federal statute for schemes to defraud bank customers.Shaw, slip. op. at 1-3. However, the Supreme Court remanded the case to the United States Court of Appeals for the Ninth Circuit to determine whether the trial court administered an erroneous jury instruction.Shaw, slip. op. at 8-9.
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