Wire fraud is a federal crime and is committed when wire technology (generally electronic transmissions by telephone, bank wire, internet, or other wire signal) is used to commit a fraud. 18 U.S. C. §1343. Wire fraud has two elements: (1) the defendant devised or intended to devise a scheme to defraud, or to obtain money or property using fraudulent pretenses, representations, or promises; and (2) the defendant used wire technology for the purpose of executing or attempting to execute the scheme or fraudulent acts. It is not necessary that the use of wire technology be an essential part of the fraudulent scheme.

Wire fraud is a felony offense with potential punishments of decades-long prison sentences, financial penalties, restitution obligations, and probation terms.

In South Carolina, as in all states, wire fraud is considered a federal crime under 18 U.S.C. § 1343. This statute defines wire fraud as the use of wire technology, such as telephone, internet, or bank wires, to carry out a fraudulent scheme with the intent to obtain money or property under false pretenses. The crime has two main elements: the existence of a scheme to defraud and the use of wire communications to facilitate that scheme. It is important to note that the actual success of the fraud is not necessary for a charge of wire fraud; the attempt itself is sufficient. Conviction of wire fraud can result in severe penalties, including lengthy prison sentences, substantial fines, orders for restitution to victims, and probation. Individuals in South Carolina facing wire fraud charges should seek the counsel of an experienced attorney to navigate the complexities of federal law and the legal process.