Criminal Prosecution, Government Agencies, Subcontractors

SCOTUS Holds Intent to Cause Economic Harm is Not Required for Wire Fraud, Expanding Liability

Pillsbury Winthrop Shaw Pittman LLP on 6/10/2025

The U.S. Supreme Court’s decision in Kousisis et al. v. United States clarifies that criminal federal wire fraud does not require that the defendant intended to cause the victim economic harm....more

Supreme Court Holds That Economic Loss Is Not Required for Wire Fraud

Stevens & Lee on 6/10/2025

On May 22, 2025, the Supreme Court of the United States resolved a deep circuit split by holding that “fraudulent inducement” is a valid theory of wire fraud under 18 U.S.C. § 1343. In other words, lying to induce a victim...more

US Supreme Court Adopts Expansive “Fraudulent Inducement” Theory of Wire and Mail Fraud

Perkins Coie on 6/6/2025

As we previously reported, last month, the Supreme Court of the United States in Kousisis v. United States roundly endorsed the expansive “fraudulent inducement” theory of federal wire and mail fraud. Resolving a circuit...more

Government Contracts White-Collar Alert: Supreme Court Clarifies Wire Fraud Statute

Bradley Arant Boult Cummings LLP on 6/4/2025

The U.S. Supreme Court recently delivered a significant ruling in Stamatios Kousisis, et al. v. United States, affirming that a defendant can be convicted of federal fraud for inducing a transaction through materially false...more

Supreme Court Rejects Economic-Loss Requirement for Wire Fraud but Underscores Materiality as a Limiting Element of Federal Fraud...

WilmerHale on 6/2/2025

On May 22, 2025, the Supreme Court unanimously declined to limit federal wire fraud to cases involving economic loss to the victim, upholding convictions of two government contractors who obtained contracts from a state...more

Supreme Court Affirms Fraudulent Inducement Theory in Federal Wire Fraud Prosecutions

Herbert Smith Freehills Kramer on 5/30/2025

In Kousisis v. United States, 605 U.S. ___ (2025), the Supreme Court resolved a Circuit split addressing the scope of the federal wire fraud statute, 18 U.S.C. § 1343. Without dissent, the Court held that the government did...more

Supreme Court Broadly Interprets Wire Fraud Liability

Fox Rothschild LLP on 5/28/2025

On May 22, 2025, the Supreme Court held that a defendant could be convicted of federal wire fraud pursuant to 18 USC § 1343 even when the fraud did not result in any economic loss for the victim. This holding expands the...more

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