Carrie H. Cohen spoke to Bloomberg Law about the U.S. Supreme Court’s decision to hear Kousisis v. United States, which deals with the validity of the fraudulent inducement theory of mail and wire fraud, and how this signals the court’s intent to limit the federal reach of fraud statutes.
Carrie stated that the Supreme Court has repeatedly said federal fraud statutes were meant to root out traditional concepts of fraud and bribery, like false account statements and cash kickbacks.
“The court has expressed concerns about vagueness when they view prosecutors as trying to use the fraud statutes in novel ways to reach conduct not obviously within their ambit,” she noted.
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