Bank robberies are considered to be among the most serious crimes that attract severe penalties. The Federal Bureau of Investigations investigates bank robberies, and if you are culpable, then the punishment would be a long sentence, life imprisonment or even a death penalty. A bank robbery happens when someone with intent descends upon a bank and violently or non-violently stealing money and other property from the premises.
Despite having installed surveillance systems, alarms, and automatic lock safes, bank robberies continue being rampant throughout U.S towns and cities. Reports by the Department of Justice suggest that there were more than 4000 bank robberies reported in 2014 alone.
Types of Banks Covered Under This Law
A federal prosecutor may bring the charges of bank robbery if one was caught stealing from a bank, a credit union or a saving and loan association. Banks are members of a Federal Reserve System that comprises of banking associations, savings banks, trust companies, foreign banks agencies and deposit institutions that have been insured by the Federal Deposit Insurance Corporation.
For a credit union to be protected by the federal bank robbery laws, it needs to have been first insured by the National Credit Union Administration Board. In the same vein, the Loans and Savings institutions need to be insured by the Federal Deposit Insurance Corporation to be protected by these laws.
What Bank Robbery Laws Say and Charges
These laws are much harsher than those for ordinary robbery. This is because bank institutions are federal institutions and not private property like a store or other establishments. This, therefore, qualifies to rob a bank as a federal crime; thus the culprit earns a federal charge and punishment. Penalties for robbing a bank would be longer and heftier than the sentences for other robberies.
Also noteworthy is that you do not have to be in possession of a weapon to be charged for bank robbery. Simple things like passing a note to the bank’s teller, forcefully demanding for money is tantamount to a bank robbery, prosecutable by the federal government.
Charges of Bank Robberies
These laws are covered on the US Penal Code; Title 18 Section 2113. Bank robberies are of multiple types. The specifics and severity of charges will be determined by the method of robbery used, weapons used, and the amount of money stolen. Here are some of the things you ought to understand about bank robbery crimes.
As you have seen above, bank robbery charges are severe, and if you are accused, then there is no way you can go about the trials alone. You need to hire an experienced federal bank lawyer. A federal bank robbery lawyer will describe the nature of your charges and try to negotiate a plea deal or bargain that favors you. Hiring federal bank robbery lawyers at this time is advantageous as they will assist you to learn your rights, defense, and also learn about the complicated legal system.
Todd is a miracle worker who will work tirelessly for you and your family. He is one of the few attorneys i've met - who I earnestly trust to protect me, and who I am happy to refer to our friends and fellow family members. The Spodek Law Group is someone you want on your side, because they will treat you just like family. Todd and his team are available 24/7, and they always answered our calls. Even when we were being irrational, and crazy - they were calm and super helpful. Just call Todd. He gives you a free consultation and is very understanding.- Donna & Robert
85 Broad Street, 30th Floor
New York, NY 10005
35-37 36th St,
Astoria, NY 11106
195 Montague St.
Brooklyn, NY 11201