Mail fraud and wire fraud are terms used in the United States to describe the use of a physical (e.g., the U.S. Postal Service) or electronic (e.g., a phone, a telegram, a fax, or the Internet) mail system to defraud another, and are U.S. federal crimes. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or international borders.
Lee de Forest (August 26, 1873 – June 30, 1961) was an American inventor, electrical engineer and an early pioneer in electronics of fundamental importance. He invented the first practical electronic amplifier,the three-element "Audion" triode vacuum tube in 1908. This helped start the Electronic Age, and enabled the development of the electronic oscillator. These made radio broadcasting and long distance telephone lines possible, and led to the development of talking motion pictures, among countless other applications.
He had over 300 patents worldwide, but also a tumultuous career – he boasted that he made, then lost, four fortunes. He was also involved in several major patent lawsuits, spent a substantial part of his income on legal bills, and was even tried (and acquitted) for mail fraud.
Mortgage fraud refers to an intentional misstatement, misrepresentation, or omission of information relied upon by an underwriter or lender to fund, purchase, or insure a loan secured by real property.
Criminal offenses may be prosecuted in either federal or state court, and are typically charged under wire fraud, bank fraud, mail fraud, or money laundering statutes, with penalties of imprisonment for up to 30 years per offense. As the incidence of mortgage fraud has risen over the past few years, states have also begun to enact their own penalties for mortgage fraud.