Wire fraud is a serious federal crime under 18 U.S.C. §1343, covering schemes to defraud via electronic communications. Prosecutions surged as fraudsters exploit email, texts, and online platforms to steal funds. Convictions can bring fines up to $250,000 and prison terms of 20–30 years if tied to financial institutions or disasters. Civil lawsuits also arise when victims sue companies for failing to prevent fraud, as courts increasingly hold businesses accountable for poor controls. Prevention demands internal safeguards, employee training, and rapid response plans. Strong compliance programs can reduce liability and protect both finances and reputation.

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