phishing-scam-fraud-identity-theft-concept-credi-2025-03-11-18-21-19-utc

SCOTUS Holds Wire Fraud Statute Doesn’t Require Proof Victim Suffered Economic Loss

In Kousisis v. United States (2025), the U.S. Supreme Court ruled that defendants can be convicted of federal fraud for inducing transactions under false pretenses, even without intent to cause economic loss, resolving a circuit split.