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Wire Fraud. DEFINITION of 'Wire Fraud'. A situation where a person concocts a scheme to defraud or obtain money based on false representation or promises. This criminal act is done using electronic communications or an interstate communications facility. BREAKING DOWN 'Wire Fraud'. Like any type of fraud, wire fraud is a federal offense.
Intent and the Scheme to Defraud. A person cannot accidentally commit wire fraud. In order to secure a conviction, federal prosecutors must show that a defendant acted with the intent to fraudulently deprive someone of money, property, or something of value. Wire fraud crimes involve schemes to defraud.A scheme to defraud is a plan a person employs that uses a statement, promise, misrepresentation, deception, or any other kind of falsehood designed to deprive a victim of something of value.ou Should Find a Lawyer. Being charged with wire fraud is a serious situation. If youâre charged with this crime, or are asked questions by investigators, you need to talk to a defense attorney as soon as possible. Always talk to a lawyer before you make any statements to investigators.